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CyPace, Inc. Receives 2010 Best of Acton Award
FOR IMMEDIATE RELEASE CyPace, Inc. Receives 2010 Best of Acton Award U.S. Commerce Association's Award Plaque Honors the Achievement NEW YORK, NY, July 30, 2010 — For the second consecutive year, CyPace, Inc. has been selected for the 2010 Best of Acton Award in the Internet Connectivity Services category by the U.S. Commerce Association (USCA). The USCA "Best of Local Business" Award Program recognizes outstanding local businesses throughout the country. Each year, the USCA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community. Nationwide, only 1 in 70 (1.4%) 2010 Award recipients qualified as two-time Award Winners. Various sources of information were gathered and analyzed to choose the winners in each category. The 2010 USCA Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the USCA and data provided by third parties. About U.S. Commerce Association (USCA) U.S. Commerce Association (USCA) is a New York City based organization funded by local businesses operating in towns, large and small, across America. The purpose of USCA is to promote local business through public relations, marketing and advertising. The USCA was established to recognize the best of local businesses in their community. Our organization works exclusively with local business owners, trade groups, professional associations, chambers of commerce and other business advertising and marketing groups. Our mission is to be an advocate for small and medium size businesses and business entrepreneurs across America. SOURCE: U.S. Commerce Association CONTACT:U.S. Commerce AssociationEmail: PublicRelations@uscaaward.comURL: http://www.uscaaward.com ###
CyPace and ArcSight to Provide Real-Time Privacy Monitoring
Acton, CA – April 15, 2010 ─ CyPace, a provider of real time auditing for Patient Health Information (PHI), today announced a partnership with ArcSight, Inc. (NASDAQ: ARST), a leading global provider of security and compliance management solutions that protect enterprises and government agencies, to provide comprehensive security solutions for enterprise healthcare providers to reduce risk and increase visibility across their Healthcare Information Technology (HIT) infrastructure. CyPace provides deep analysis of Electronic Medical Record Systems, to monitor access to patient health records by hospital personnel. As a result CyPace is able to provide real time alerting and audit data regarding who is accessing sensitive and/or protected information as it happens. By providing this information to the ArcSight SIEM Platform via Common Event Format (CEF), CyPace enables full activity monitoring via correlation within ArcSight. "By correlating the access of patient records with activities performed in other HIT systems, CyPace and ArcSight are able to help healthcare providers increase patient data security," commented Jeff Scheel, senior vice president of business development at ArcSight. "Our partnership with CyPace provides the capability to understand when personnel are acting in an unauthorized manner and violating policies. As a result, healthcare providers can more easily comply with HIPAA and other regulations with less effort and cost." Jeremy Murtishaw, CEO of CyPace added, "The partnership with ArcSight offers enterprise healthcare providers a comprehensive security solution to address the complex protection and reporting requirements for patient privacy. As organizations move to electronic medical record systems, risk of breach increases and the need for this solution becomes critical. This solution helps our joint customers reduce the time, cost, and effort of HIPAA compliance." About CyPace Founded in 2006, CyPace, Inc. is a privately held company with corporate headquarters located in Acton, CA. CyPace, Inc. provides real time Compliance and Management Tools for EMR implementations, focusing on ease of use, performance and reliability. CyPace products and systems provide standalone solutions in these areas and also integrate with existing systems and applications within the healthcare environment. For more information about CyPace Healthcare Solutions, visit www.CyPacehealthcare.com. ###
Transitioning To ICD 10 and How CyPace Healthcare Can Help
What is ICD 10? ICD (International Classifications of Diseases) codes are medical diagnosis and procedure codes used for billing and health insurance reimbursement, automated decision support and government statistical reports on morbidity and mortality. These codes are not specifically used in the US, they are used around the world. The ICD coding system is published by WHO (the World Health Organization, a UN agency) and have been around for a very a long time. Version 1 was created in 1900, with precursors to the ICD codes existing as early as 1853. ICD-10 (International Classification of Diseases, Tenth Revision) is the latest revision. For US healthcare providers, ICD-10 may seem like the next big thing, but the ICD-10 standard was created in 1990. To date there are 153 nations which use all or part of the ICD-10 codes. In the US, ICD-10 codes are "not currently valid for any purpose or use," according to the National Center for Health Statistics, a division of the CDC (Center for Disease Control), but the government does use the codes for mortality reporting, according to the American Health Information Management Association. Unfortunately, the US still uses the old ICD-9 coding system. The limitations of this outdated system are increasing as new diagnostic and treatment procedures become available, because ICD-9 does not have the ability to add new codes for them. The same is true for new diagnoses. ICD-9 is not capable of providing granularity of subclassifications of diagnoses or related problems from socioeconomic or lifestyle issues. Since one of the main uses of ICD codes is medical billing – health insurance payment transaction, and that transaction is now almost universally done electronically, there is a need for the transaction to be able to use the new HIPAA electronic transaction forms (HIPAA 5010) and the current ICD-9 codes just are not set up to do this. What does all this mean? It means that healthcare providers cannot always give the most accurate diagnosis and procedure information. This generates more work on the part of health insurance companies, as claims analysts must review ambiguous codes in billing, and medical reviews must be done case-by-case for tests and treatments that might otherwise be standardized by codes. It means valid bills may be denied or payments are determined incorrectly because the true value cannot be easily seen from the codes. This could seriously affect patient care, as inaccurate coding can lead to missing the true diagnosis and potentially the wrong treatment for the patient. It means that public policy will not have the most accurate information from their research. And it means that, because the US is behind the 153 other countries in getting up to speed, we do not have the capability of interoperability with them. A quick comparison of ICD-9 and ICD-10 shows us the differences: ICD-9ICD-1013,000 diagnosis codes68,000 diagnosis codes, plus the ability to add more. Symptoms can be better linked to diagnoses in the new codes.3,000 procedure codes87,000 procedure codes, plus expandability3 – 5 numeric digit codes3 – 7 alphanumeric character codes, allowing for greater specificity and detailLacks laterality.Provides laterality.Uses generic terms for body parts.Uses detailed descriptions for body parts.Non-specific codes cause difficulty in analyzing data.Detail allows better data analysis for medical research/reporting and healthcare purchasing.Based on outdated technologyWorks with current technology and will work with the new HIPAA form.Limits DRG assignmentAllows DRG definitions to better recognize new technologies and devices Moving to ICD-10 Fortunately for most US healthcare organizations, the federally mandated implementation date has been pushed back from October 1, 2011 to October 1, 2013. Simultaneously, the industry is transitioning toward the HIPAA 5010 transaction standard to support electronic transactions. Combined, these changes will impact every aspect of your organization's revenue or payment cycle. By October 2013, the federal government has mandated use of the ICD-9 code set must be replaced by the ICD-10 code set. Hospitals, and physician practices and health insurance companies need to be gearing up for ICD-10 now, but our research has shown that most have not started the transition or have begun only preliminary planning. One reason for this lacksadaisical approach is in the way providers view this transition. It seems that providers are viewing the change as more minor than it is by treating it as a more extensive version of the yearly diagnosis code updates. Transitioning from ICD-9 to ICD-10 is a huge project, on par with the work effort which was required for the Y2K transition or migration to an Electronic Medical Record and Billing system. People affected by this transition include physicians, hospitals, other healthcare providers, and medical billing and health insurance claims staff, all of whom must be extensively trained to use the new coding system. Technology vendors need to update their medical record, billing, insurance and reporting software technology to simultaneously handle both ICD-9 and ICD-10 codes until transition is complete. Health insurance policies will also need to be updated to accommodate the newly-recognized diagnosis and procedure codes. An article published by the Texas Medical Association website, approximates the cost to be $83,000 for a small 3 physician practice and more than $2.7 million at a large, 100-physician practice. Risks of not meeting the transition deadline We have identified five key risks of not completing the transition on schedule to include: Delayed or denied payments Missed payments Incorrectly processed insurance claims Potential for fraudulent misuse Adverse impact to patient care It's Worth the Effort and Expense After reviewing the limitations of the current ICD-9 system, we decided to outline some of the differences between ICD-9 and ICD-10. Besides resolving the limitations of ICD-9, the ICD-10 system will: Improved disease management diagnoses More accurate, value-based, payments for new procedures Better quality data reporting Allows for the US to compare data with international data on the spread of disease and treatment outcomes How can CyPace help? ICD-10 presents a learning curve, but with adequate process and systems preparation, stakeholders will have enough time to overcome the challenges. As a trusted source for coding information, CyPace Healthcare can help you navigate through this important change. Our team of experts provides education, services, and analytics for ICD-10 to help you: Understand the conversion process Develop migration roadmaps and stragegies Assess your EMR or Billing vendor's readiness Analyze systems integration capabilities Provide ICD-10 training and education The transition is going to be challenging, with each procedure record used in your Electronic Medical Record (EMR) or billing system needing to be touched. The CyPace Healthcare Application Management Platform (CHAMP) is designed to aide in the transition allowing you to find procedures, fee schedules, and diagnosis records containing the old ICD-9 value(s) with simple but powerful reporting. For more information about CyPace and the CyPace Healthcare Application Management Platform, please visit http://www.cypacehealthcare.com or contact us at (866) 589-0438 x701