DETROIT, Feb. 25, 2014 (GLOBE NEWSWIRE) -- The March 8, 2014, deadline looms for Patient Quality Reporting System (PQRS) for healthcare providers, and physicians failing to submit the required patient quality data could be penalized a costly 1.5 percent of their 2015 Medicare Part B FFS reimbursements. Covisint Corporation (Nasdaq:COVS) today announced "Three Obvious Reasons" for physicians to file and avoid the penalty phase, including that:
- It's easy. Covisint provides an easy-to-use web form. The process typically takes only minutes to file -- a fraction of the time of competitive offerings. Additionally, with only a single patient entry required, there remains little justifiable reason to avoid the costly PQRS penalties.
- There's still time. March 8, 2014, still offers plenty of time for physicians to file.
- Leadership matters. Covisint has been the nation's leader in PQRS for approximately five years. As a result, Covisint has earned physicians more than $10 million in CMS reimbursements to-date.
Healthcare provider organizations have been, up until 2013, reporting to receive incentives from CMS -- incentives that have gradually decreased year-over-year. That changed with the 2013 PQRS reporting year. Now, eligible professionals are reporting not only to earn a 0.5 percent incentive, but more importantly, to avoid a 1.5 percent penalty that would be applied beginning in January, 2015.
"Busy physicians often seek the simplest, most cost-effective and secure way to proactively manage costs and maximize their practices as a business, and PQRS should be no exception," said Tim Busche, Covisint Director of Healthcare Marketing. "Covisint dominates PQRS by making the process incredibly easy and efficient for physicians and hospitals. It couldn't be more obvious that filing for PQRS with Covisint is the right choice."
Healthcare organizations seeking to find out more about Covisint's PQRS submission process can find additional information at http://www.covisint.com/healthcare-pqrs or by contacting Covisint's Melissa Blom at 866.823.3958.
Covisint provides the leading cloud engagement platform for creating and enabling new mission-critical external business processes. Our solutions enable organizations to connect, engage, and collaborate with the critical external audiences that define their success--including customers, business partners, and suppliers. Covisint allows its clients to establish a secure, reliable, integrated presence in the cloud, and offer the kind of engaging information experiences that people everywhere have come to expect. Learn more at www.covisint.com.
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