On November 15, 2004, CMS announced the final rule for establishing a prospective payment system (PPS) for Inpatient Psychiatric Facilities (IPF) under Medicare. The IPF PPS will replace the current reasonable cost-based reimbursement to a federal per-diem base rate using Diagnosis Related Groups (DRG) assessments, among others.

With advanced tools for revenue cycle functions including contract management, billing and accounts receivable, users can calculate appropriate per-diem DRG rates, bill-based on the specifications, and derive anticipated reimbursement amounts.

"HCS has been supporting PPS billing since its inception in the 1980s," states Thomas Fahey Vice President of Sales for HCS. "HCS INTERACTANT currently supports DRG billing for acute care facilities, long-term care hospitals, and now psychiatric services."

Learn More about INTERACTANT's revenue cycle management applications.

About HCS - HCS has been exclusively dedicated to information technology for healthcare providers since 1969. The HCS product, INTERACTANT, is a series of integrated clinical and financial applications supporting the continuum of healthcare services including behavioral health, skilled nursing, acute inpatient, subacute, and rehabilitation providers. HCS uses advanced relational database technology, eliminating redundant data entry and maintains a corporate commitment to meeting regulatory requirements.