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News Releases

 
 

Panacea's RAC and ICD10 Monitor Brands See Record Growth

27. June 2013 | Source: Market Wired

ST. PAUL, MN--(Marketwired - Jun 27, 2013) - Panacea Healthcare Solutions, Inc. -- a leading provider of consulting, software and publications for the healthcare industry -- is reporting substantial growth in its RAC and ICD10 Monitor brands from 2012 to 2013. Read On...


VitalWare and Panacea Healthcare Solutions Form Strategic Alliance to Help Hospitals Build Intelligent, Defensible Chargemasters

11. June 2013 | Source: Yahoo Finance News

YAKIMA, WA--(Marketwired - Jun 11, 2013) - VitalWare™, the leader in business intelligence for ICD-10 and beyond, and Panacea Healthcare Solutions (Panacea), a coding, compliance, reimbursement and revenue solutions company, today announced the formation of a strategic partnership aimed at helping hospitals defend their pricing strategies, boost productivity and provide a compliant workflow tool to assure pricing data stays within hospital policies. Read On...


Panacea's Hospital Pricing System Is Awarded HFMA Peer Review Designation

22. May 2013 | Source: Market Wired

ST. PAUL, MN--(Marketwired - May 22, 2013) - Panacea Healthcare Solutions, Inc. -- Panacea announces that after undergoing a rigorous review by The Healthcare Financial Management Association (HFMA), its Hospital Zero-Base Pricing system has been awarded the "Peer Reviewed by HFMA®" designation. Read On...


 
 
 

CDMsync: The Industry's First Chargemaster Synchronization Tool

7. June 2012 | Industry News Release | Source: Yahoo Finance News

ST. PAUL, MN--(Marketwire -06/07/12)- In an era of ever-increasing provider merger and acquisition activity, hospitals often have disparate charge description masters that do not reflect common coding, descriptions and pricing within the organization.

A new innovation helps hospitals with inconsistent chargemasters within the health system. Read On...


Medical Learning and Panacea Healthcare Solutions announce merger

February 24, 2011 | Industry News Release | Source: Healthcare Finance News

ST. PAUL, MN – Medical Learning, Inc. (MedLearn) and Panacea Healthcare Solutions, Inc. (Panacea) have announced completion of a transaction that merges the entities into a parent company named Panacea Healthcare Solutions, Inc.

MedLearn is a nationally recognized healthcare publishing and consulting firm specializing in all aspects of coding, compliance, reimbursement and revenue cycle. Panacea is a financial consulting and software development company specializing in hospital coding, compliance, reimbursement and revenue cycle systems and services. Read On...


MedLearn and Panacea launch coding, compliance, and reimbursement system for pharmacy departments

27. October 2010 07:23 | The Medical News |

Medical Learning, Inc. also known as MedLearn, a company specializing in Hospital Coding, Compliance, Reimbursement and Financial Systems and Services, today announced that, together with its business partner Panacea Healthcare Solutions, Inc., it has introduced PharmAuditor.com as the industry's newest and most comprehensive coding, compliance, and reimbursement system and service for hospital based Pharmacy Departments. Read On...

Panacea Healthcare Solutions announces new Charge Description Master system

March 23, 2010 | Industry News Release | Source: Healthcare Finance News

WESLEY CHAPEL, FL – Panacea Healthcare Solutions, Inc., a company specializing in Hospital Coding, Compliance, Reimbursement and Financial Systems and Services, today announced that it has introduced CDMauditor.com as the industry's newest comprehensive suite of tools to manage hospital charge description master ("CDM") coding, compliance, and pricing.

The Company also announced that its CDMauditor.com system, which also integrates with the popular MediRegs Coding and Revenue Center providing timely coding and compliance alerts and detail regulatory information at the national and local level, will soon offer two optional specialty modules. They are a Pharmacy module to maintain accurate and compliant Pharmacy information and a CDM Synchronization module to assist health systems in identifying and correcting inconsistencies in coding, descriptions, pricing and more, among their facilities. Read On ...


Panacea Healthcare Solutions expands management team

February 03, 2010 | Industry News Release | Source: Healthcare Finance News

WESLEY CHAPEL, FL – Panacea Healthcare Solutions, Inc., a healthcare financial consulting and software development company specializing in Hospital coding, compliance, revenue cycle and reimbursement software and services announced today the expansion of its management team.

“We are pleased to announce that three highly respected and seasoned professionals have joined the Panacea team to proactively develop and introduce new solutions in these challenging times for our hospital clients. We are pleased that Panacea’s management team now covers such a wide spectrum of healthcare financial expertise including accounts receivable and revenue cycle management, charge description master, finance, reimbursement, coding and compliance”, stated Frederick Stodolak, Chief Executive Officer at Panacea. Read On...


Panacea Healthcare Solutions Announces H.I.M. ON CALL Partnership to Provide RAC Tracking and Denial Management Services

TAMPA, FLORIDA - October 21, 2009 - Panacea Healthcare Solutions, Inc. today announced that after months of research and due diligence they have chosen to offer H.I.M. ON CALL's RAConciliation™ solution as the exclusive RAC Tracking and Denial Management module at Panacea's popular RACAuditor.com web site.  RAConciliation is a web-based system that features an audit tracking and denial prevention approach that will assist hospitals, physicians, and outpatient facilities track all cases requested, submitted, reviewed, determined, appealed and provide the final outcome of each case.   Read on...


Jim Russell, Former KPMG Revenue Cycle Management Expert, Joins Panacea Healthcare Solutions

TAMPA, FLORIDA - March 5, 2009 - Panacea Healthcare Solutions, Inc., based in Tampa, Florida announced today that Jim Russell has joined the firm to help respond to the increasing demand by hospitals and its business partners for the company's hospital accounts receivable management and revenue cycle management services. Jim has more than three decades of experience in all aspects of healthcare accounts receivable and revenue cycle management.

Mr. Stodolak, CEO of Panacea Healthcare Solutions stated, "I have known Jim for more than two decades and he has consistently impressed me with his maturity, professionalism and contemporary knowledge of hospital accounts receivable and revenue cycle billing, coding, reimbursement, information systems, compliance and other related issues.  Panacea will be able to provide Jim's current clients with an expanded scope of services and resources while at the same time Jim's expertise will expand Panacea's internal knowledge base. Additionally, we are looking forward to Jim's involvement in a number of projects underway at Panacea including the roll-out of a new Business Intelligence Dashboard and Denial Tracking systems for its hospital clients."

Mr. Russell will work out of Panacea's Red Bank, New Jersey location.

ABOUT PANACEA

Panacea Healthcare Solutions, Inc. with offices in Florida and New Jersey, provides expert financial and information technology advice and systems to healthcare providers, payers, and software companies.

CONTACT INFORMATION

Frederick Stodolak, CEO Panacea Healthcare Solutions, Inc.
Telephone:  (863) 450-3233 x703
Email:  fstodolak@panaceainc.com
Web site:   www.panaceainc.com


CMS Delays Permanent RAC Program 

The Centers for Medicare & Medicaid Services announced a delay in the national, permanent RAC implementation due to a protest filed by two vendors who were not selected as part of the permanent RAC program.   The protests were filed with the GAO by vendors who were not selected as RACs.  The progress of the protests can be tracked on the GAO website: http://www.gao.gov/decision/docket

This does NOT mean that the program is being stopped or eliminated.   All of your plans for preparing for the RAC program and its audits are still valid and necessary.


CMS Announces New Recovery Audit Contractors to Help Identify Improper Medicare Payments 

WASHINGTON, DC -- October 6, 2008 --- The Centers for Medicare & Medicaid Services (CMS) has taken the next steps in the agency’s comprehensive efforts to identify improper Medicare payments and fight fraud, waste and abuse in the Medicare program by awarding contracts to four permanent Recovery Audit Contractors (RACs) designed to guard the Medicare Trust Fund.    Read on... PDF File Open