Carmel, IN - Signature HealthCARE., an integrated healthcare company operating across 10 states has made a deal with the leading digital health software company CAREASCEND to streamline enterprise-wide the Medical Director administrative role. The smart-phone based solution formalizes the tracking of all tasks medical directors perform in their role and addresses critical compliance risks inherent in the medical director relationship.
The CAREASCEND App, by digitally capturing medical director tasks, will also address the Center for Medicare and Medicaid Service’s requirements to report medical director work logs under the Payroll-Based Journal rules and to achieve compliance at all times in financial transactions.
“Financial transactions with physicians are one of – if not the highest - risk area for health care providers. In order to maintain compliance, health care providers not only have to enter into transactions with physicians that are at Fair Market Value and address community need, but they also have to ensure going forward that the physicians are meeting the terms of the contract,” said Bharath Bynagari, chief executive officer and co-founder of CAREASCEND. “This includes completing assigned duties, meeting the minimum number of hours if specified, submitting time sheets by their due dates and not exceeding the contractual caps for payment.”
Dr. Arif Nazir, Signature HealthCARE’s Chief Medical Officer and a leader in the post-acute and long-term care setting said, “Finally, we have a solution incentivizing medical directors to perform the highest value tasks and providing them crucial feedback on care.”
Besides facilitating compliance in financial transactions, CAREASCEND also fosters teamwork and collaboration with a community’s leadership, a crucial piece to delivering the highest quality of care.
CAREASCEND application platform’s unique tools facilitate the success of skilled nursing communities’ key leaders, including: Chief Compliance Officers, Medical Directors, Administrators and the Chief Medical Officer.
George Burkley, Chief Strategy Officer at Signature HealthCARE, said, “A key to our future strategy is assuring that our physician leaders are aligned with our vision and are performing to meet our communities’ needs. CareAscend will go a long way in achieving this vision.”
CAREASCEND provides the tools and resources to document Medical Directors efforts and to see the impact they are creating on a daily basis in Skilled nursing facilities. The application has also received guidance and validation from AMDA, the Society of Post-acute and Long-term Care Medicine, the premium physician and practitioner organization in the post-acute setting.
Signature HealthCARE is a family-based healthcare company with integrated services at each point of the continuum of care: skilled nursing, home health, assisted living and in-home care. The company’s organizational culture inspires more than 17,000 employees at over 100 locations with three pillars: learning, spirituality and innovation. A growing number of Signature HealthCARE centers are earning five-star quality ratings, the highest classification from the Centers for Medicare & Medicaid Services, and 102 Signature HealthCARE locations earned QAPI accreditation. Inc. 5000 recognized Signature HealthCARE most recently on its 2017 list of fastest growing private companies.