June 7, 2019
LUGPA Launches Benchmarking Program in Collaboration with IntrinsiQ Specialty Solutions and Powered by InfoDive
Benchmarking program will track trends and issues to support community urology
Carrollton, Texas. – IntrinsiQ Specialty Solutions (IQSS), a part of AmerisourceBergen, today announced its collaboration with LUGPA, the only nonprofit urology trade association in the US, to support a new benchmarking program powered by InfoDive®, IQSS’s business analytics solution. This benchmarking program will enable LUGPA member practices to compare independent group practice performance metrics against other member practices. It will also allow LUGPA to study macro industry trends and use insights to inform education programs and advocacy priorities.
LUGPA established a task force of representatives from member practices to provide oversight for the benchmarking program, establish key metrics and determine the reporting structure and cadence to members. IQSS will provide consultative support to the task force and, using InfoDive, data analysis for ongoing reporting. IQSS is the leading provider of electronic health records, practice financial management solutions, regulatory services and pharmaceutical analytics in the independent physician specialty market.
“The benchmarking program is part of our commitment to support independent urology practices in their effort to stay competitive and provide efficient, cost-effective and clinically-superior care for patients,” said Evan Goldfischer, MD, MBA, CPI, LUGPA Secretary and Task Force Chairman. “We believe InfoDive will give us the vantage point necessary to foresee and act on patient care and industry trends. The data it provides has the potential to drive the educational programming and advocacy efforts central to our mission, while giving our member groups tools they need to evaluate and seize new opportunities.”
InfoDive provides a HIPAA-compliant, secure data exchange from various practice management systems to measure productivity, financial and quality metrics for practice, provider and patient-level data. The solution also shares access to insights to help improve a practice’s performance. LUGPA member practices using InfoDive will have the ability to benchmark against other practices of similar size using metrics in productivity, revenue, accounts receivable, payer mix and inventory management. Practices can also use the system to view the entire patient journey, claims process and reimbursement, contract performance for use with payer negotiations, and compare coding patterns at the Current Procedural Terminology (CPT) code level to mitigate risk in billing claims.
“Protecting the viability of independent community urology is critically important in today’s competitive landscape. Our work with LUGPA represents our continued investment in the innovative services that stand to transform specialty practices,” said Barry Fortner, PhD., SVP & President of Specialty Physician Services at AmerisourceBergen. “InfoDive and our collaboration with LUGPA will help enable urology practices to remain independent and financially sound – all to bring the best health care solutions to patients.”
AmerisourceBergen aims to improve patient outcomes and product performance through proven solutions for commercialization and channel management. As part of AmerisourceBergen, IntrinsiQ Specialty Solutions offers analytics tools that give manufacturers and physician practices actionable business intelligence to enhance the quality of patient care and capitalize on market opportunities.
LUGPA members who want to learn more about the collaboration can contact Rachel Rusch, rrusch@lugpa.org or 312.794.7788. To learn more about IntrinsiQ Specialty Solutions, please visit www.intrinsiqanalytics.com or contact sales@intrinsiq.com for a product demonstration.
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About LUGPA
LUGPA is the only nonprofit urology trade association in the US. Since its founding in 2008, LUGPA has earned national recognition in the pursuit of our mission to preserve and advance the independent practice of urology while demonstrating quality and value to patients, vendors, third-party payors, legislators and regulatory agencies. The robust resources we provide help our member groups to meet the challenges of independent practice in today’s rapidly changing healthcare marketplace.
About AmerisourceBergen
AmerisourceBergen provides pharmaceutical products, value-driving services and business solutions that improve access to care. Tens of thousands of healthcare providers, veterinary practices and livestock producers trust us as their partner in the pharmaceutical supply chain. Global manufacturers depend on us for services that drive commercial success for their products. Through our daily work — and powered by our 21,000 associates — we are united in our responsibility to create healthier futures. AmerisourceBergen is ranked #10 on the Fortune 500, with more than $160 billion in annual revenue. The company is headquartered in Valley Forge, Pa. and has a presence in 50+ countries. Learn more at amerisourcebergen.com.
LUGPA established a task force of representatives from member practices to provide oversight for the benchmarking program, establish key metrics and determine the reporting structure and cadence to members. IQSS will provide consultative support to the task force and, using InfoDive, data analysis for ongoing reporting. IQSS is the leading provider of electronic health records, practice financial management solutions, regulatory services and pharmaceutical analytics in the independent physician specialty market.
“The benchmarking program is part of our commitment to support independent urology practices in their effort to stay competitive and provide efficient, cost-effective and clinically-superior care for patients,” said Evan Goldfischer, MD, MBA, CPI, LUGPA Secretary and Task Force Chairman. “We believe InfoDive will give us the vantage point necessary to foresee and act on patient care and industry trends. The data it provides has the potential to drive the educational programming and advocacy efforts central to our mission, while giving our member groups tools they need to evaluate and seize new opportunities.”
InfoDive provides a HIPAA-compliant, secure data exchange from various practice management systems to measure productivity, financial and quality metrics for practice, provider and patient-level data. The solution also shares access to insights to help improve a practice’s performance. LUGPA member practices using InfoDive will have the ability to benchmark against other practices of similar size using metrics in productivity, revenue, accounts receivable, payer mix and inventory management. Practices can also use the system to view the entire patient journey, claims process and reimbursement, contract performance for use with payer negotiations, and compare coding patterns at the Current Procedural Terminology (CPT) code level to mitigate risk in billing claims.
“Protecting the viability of independent community urology is critically important in today’s competitive landscape. Our work with LUGPA represents our continued investment in the innovative services that stand to transform specialty practices,” said Barry Fortner, PhD., SVP & President of Specialty Physician Services at AmerisourceBergen. “InfoDive and our collaboration with LUGPA will help enable urology practices to remain independent and financially sound – all to bring the best health care solutions to patients.”
AmerisourceBergen aims to improve patient outcomes and product performance through proven solutions for commercialization and channel management. As part of AmerisourceBergen, IntrinsiQ Specialty Solutions offers analytics tools that give manufacturers and physician practices actionable business intelligence to enhance the quality of patient care and capitalize on market opportunities.
LUGPA members who want to learn more about the collaboration can contact Rachel Rusch, rrusch@lugpa.org or 312.794.7788. To learn more about IntrinsiQ Specialty Solutions, please visit www.intrinsiqanalytics.com or contact sales@intrinsiq.com for a product demonstration.
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About LUGPA
LUGPA is the only nonprofit urology trade association in the US. Since its founding in 2008, LUGPA has earned national recognition in the pursuit of our mission to preserve and advance the independent practice of urology while demonstrating quality and value to patients, vendors, third-party payors, legislators and regulatory agencies. The robust resources we provide help our member groups to meet the challenges of independent practice in today’s rapidly changing healthcare marketplace.
About AmerisourceBergen
AmerisourceBergen provides pharmaceutical products, value-driving services and business solutions that improve access to care. Tens of thousands of healthcare providers, veterinary practices and livestock producers trust us as their partner in the pharmaceutical supply chain. Global manufacturers depend on us for services that drive commercial success for their products. Through our daily work — and powered by our 21,000 associates — we are united in our responsibility to create healthier futures. AmerisourceBergen is ranked #10 on the Fortune 500, with more than $160 billion in annual revenue. The company is headquartered in Valley Forge, Pa. and has a presence in 50+ countries. Learn more at amerisourcebergen.com.