Ingenious Med

Ingenious Med Launches IM Practice Manager™ For Hospitalists ATLANTA, GA May 3, 2006 – Ingenious Med, the Inpatient Practice Management Experts, today announced the release of IM Practice Manager™ . The new release is a consolidated rounding, charge capture, and business intelligence reporting platform designed to help hospitalists increase revenue, reduce costs, optimize operations, and monitor the performance of their inpatient practices. IM Practice Manager™ enhances clinical care by providing physicians with a suite of tools designed to enhance quality of care, documentation and communication throughout an inpatient stay - from admission to discharge. "Managing an inpatient practice, especially a hospitalist practice, is unique," said Steven Liu, MD, CEO of Ingenious Med (IM). "Current systems for hospitals and outpatient environments simply don’t do the job. IM Practice Manager™ is designed by hospitalists specifically for hospitalist practices. IM Practice Manager™ improves profitability and practice efficiency by aggregating data across multiple facilities and integrating with hospital and billing systems. All of this allows for real-time management and rapid dissemination of critical information across hospitals and national physician networks." Ingenious Med is showcasing IM Practice Manager™ today through May 5 at the Society for Hospital Medicine Conference, Washington D.C. IM Practice Manager ™ features:
	A wireless, Internet-based rounding platform that can be used with PDAs, tablet PCs or desktop computers to help physicians gather information and capture charges during hospital rounds.
	Industry-leading charge capture with dual-tier validation via CodeCorrect™ and IM CodeCheck™.
	Business intelligence management reporting that improves physician and practice performance.
	Communication tools that facilitate and improve inter-staff communication while optimizing patient handoff/transition and fulfilling JCAHO requirements for electronic sign out and peer-to-peer communication.
	IM Bill Manager™ back-office charge management that reduces accounts receivable days.
	Clinical tools for e-prescribing, quality and core measure enhancement, and admission-discharge components.
	IM Practice Plus™ package that includes advanced reporting, streamlines practice operations and enables physician scheduling.
	IM Xchange™ data interface allowing integration with hospital information systems, billing systems, EMR and other third-party applications.
	IM MasterCoder™ E&M coding and documentation tool.
A vital resource in its own right, Ingenious Med's client base represents the largest aggregation of hospitalist performance information in the industry. With detailed input from more than 1,200 hospitalists, IM continuously evaluates best practice metrics as benchmarks for practice performance and can provide clients with real-time, actionable management data. "We guide our clients and help them manage their practices more effectively," says Liu. "In fact, we hold our clients to a higher standard of clinical care and performance than the rest of the nation. With our unique blend of technology, data and services we are uniquely positioned to help our clients interpret practice metrics, prove their value and optimize their practice performance."
Financial benefits include:
	Revenue per encounter increases of 20-50%.
	Charge capture increases of 8-17%.
	Collection rate improvements of 3-5%.
	Claim denial decreases of 4-7%.
	Denied-charge write-offs decreases of 12-17%.
About Ingenious Med, Inc.
Ingenious Med (IM), Atlanta, is the only provider in the nation exclusively devoted to inpatient practice management solutions. Founded in 1999 by President and CEO Steven Liu, MD and other hospitalist leaders from Emory University Medical Center, IM has built a national customer base comprising thousands of active licenses. Customers range from five-physician groups to national multi-site companies. For more information, call (404) 815-0862.