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US Oncology Announces iKnowMed(TM) Technology Platform
Date:6/1/2010

d inventory management system– comprehensive inventory management system integrates with any EHR and practice management system (PMS) to manage all aspects of a community oncologist's pharmacy operations by combining dispensing, mixing, ordering, and receiving workflows for single or multisite environments into one user experience
  • enables dynamic par levels and auto-replenishment, lot tracking, and auto-receive
  • minimizes uncompensated waste through optimal vial utilization, saving up to 2% of drug expense
  • improves charge capture by as much as 10% through automated validation of drug ordered, drug mixed, drug administered and drug billed
  • reduces on-hand inventory by 10% or more through optimal drug ordering and stocking
  • iKnowMed revenue cycle management – web-based reimbursement tool that works alongside any practice management software to provide denial management reports, collection tools, and comparative benchmark metrics, designed to help practice staff to improve cash flow and practice performance
    • with real-time reports, practice staff is able to pinpoint problematic collection issues and eliminate the source
    • the web-based collections work-flow productivity tool assigns, organizes and prioritizes collections work flow, improving collections productivity
    • quarterly benchmark reports allow the practice to compare their collections data with national averages
    • equips practices to increase overall cash flow by reducing denials and strengthening contract negotiation position with improved visibility to payer denial rates, payment lag time and valuable benchmarking information

  • US Oncology will dramatically expand the iKnowMed Technology Platform over the next eighteen months to integrat
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    SOURCE US Oncology, Inc.
    Copyright©2010 PR Newswire.
    All rights reserved

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