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September 27, 2012
PracticeTracker™ clients receive Medi-Cal EHR incentive payments
Dr. Oriente Esposo and Dr. Arun Keni become the first PracticeTracker™ physicians to receive incentive checks of $21,250 each from the US government for achieving meaningful use of an Electronic Health Records system.
These incentive payments were made by Department of Health Care Services (DHCS) for the Medi-Cal EHR Provider Incentive Program to these doctors of St.Therese Medical Group. St.Therese Medical Group has been Tranquilmoney's client, using PracticeTracker™ since 2008. Tranquilmoney has worked with St.Therese Medical Group to streamline their work flow and improve their collections over these four years. Tranquilmoney got its software PracticeTracker™ v8.0 certified for Complete Electronic Health Records Ambulatory in September 2011. With Tranquilmoney's help and support with registration and attestation, these doctors did not find it an ordeal to qualify for their incentives.
September 1, 2011
Web hosted Electronic Health Record Software
PracticeTracker™ practice management platform receives EHR certification enabling physicians to apply for up to $44,000 in government incentives
The new healthcare bill (HITECH Act) provides an incentive to make healthcare records electronic in order to streamline and cut a major part of healthcare administrative cost. The difficulty for physicians is the complexity and large new investments in information technology required to implement Electronic Health Records (EHR), and integrate it with general practice management software and electronic billing.
Tranquilmoney, Inc., a New York- based software company, now offers the new certified-for-EHR version of their proprietary PracticeTracker™ web-hosted practice management software. Tranquilmoney is currently offering a 30 day free trial of PracticeTracker™. To start getting the full government incentives this year, physicians need to apply by October 3, 2011, so this offering is a low cost way to get started.
January 29, 2010
Tranquilmoney teams with California based ProLogic Redemption Solutions
ProLogic Redemption and Tranquilmoney, Inc. enter into a teaming agreement to bring pharmacy receivables management solutions to supermarket and pharmacy chains across the country. An established leader in the pharmacy receivables industry, Tranquilmoney has managed pharmacy receivables for over ten years using their web-based hosted software product, PharmTracker™.
The pharmacy receivables management solution includes claim-level reconciliation of every single payment, including manual exception processing where necessary, and detailed online reporting of aging, DSO, partial payments, over payments, unapplied payments, checks without RAs, RAs without checks, and more. PharmTracker also allows users to create custom reports and perform data mining and analysis on past data. Delinquencies for Tranquilmoney clients are typically down to 0.1% and unapplied cash virtually zero. This partnership is expected to benefit the retail pharmacy industry substantially, with cost effective reconciliation services and adherence to compliance standards.
July 30, 2009
New York based adult and family practice is engaged with Tranquilmoney
Tranquilmoney has been awarded the complete revenue cycle management service project by one of the largest adult and family practices in the state of New York.
The client is looking to Tranquilmoney to streamline their current billing process and ensure error-free billing to improve their collections and cash flows significantly.
March 27, 2009
Tranquilmoney is approved to submit EC-4NARR claims electronically to NYSWCB
Tranquilmoney is approved to submit EC-4NARR bills and its associated medical records electronically to the New York State Workers' Compensation Board.
Tranquilmoney was originally the first and for a long time, the only authorized C-4 XML submission partner to the New York State Workers' Compensation Board. In this upgrade to the EC-4NARR, Tranquilmoney has again tested successfully and is approved by the Board to submit EC-4NARR and associated medical records electronically to the NYSWCB. ...more
January 12, 2009
New York based rehabilitation practice is engaged with Tranquilmoney
Tranquilmoney has been awarded a project by one of the largest rehabilitation practices in the state of New York to submit C-4's electronically to the Workers Compensation Board using the board's new XML submission platform, and to process follow up on provider claims with HP1's and related documents on behalf of the practice. Tranquilmoney's existing clients report much faster payment from carriers and resolution of problematic issues.
October 01, 2008
California based medical clinic uses PracticeTracker™
One of the largest hospital groups in southern California is now using Tranquilmoney's web based practice management software PracticeTracker™ for their billing services for their new Bakersfield clinic ...more
July 11, 2007
Electronic Submission of claims to New York State Insurance Fund
In partnership with Atlantic Imaging Group, Tranquilmoney begins the first stage of testing electronic claim submission to NY SIF. This initiative will bring in cost savings to both healthcare providers and insurance carriers by removing paper and also improve the turnaround.
June 01, 2007
Strategic Partnership with AIG Network
Atlantic Imaging Group (www.aignetwork.com) and Tranquilmoney, Inc. enter into a partnership to offer services to the healthcare industry that will enable clean claims to be submitted and paid in under 72 hours. Services provided by AIG Network currently include web and email based scheduling, credentialing, fraud prevention and funding of clean claims. Tranquilmoney offers the whole gamut of healthcare billing operations from batching/scanning of documents and low-cost, high-speed, high-accuracy data capture to electronic submission of claims and automatic import and reconciliation of electronic payments in HIPAA EDI 835 format. This partnership is expected to benefit the healthcare industry in a big way and reduce the TCO of major insurance carriers as well as healthcare providers and other players in the industry.
May 03, 2007
Tranquilmoney expands its portfolio to include Psychiatry among its specialties
Tranquilmoney has announced the signing up of a Psychiatric group in California. Under the terms of the contract Tranquilmoney will manage the clients revenue management cycle. This group is also the largest private mental health group in Kern County. They offer a variety of services such as Psychiatric Evaluations, Psychological Testing, Individual Therapy, Couple Therapy, Family Therapy, Biofeedback, QME & AME Services.
February 22, 2007
Tranquilmoney becomes the first authorized XML submission partner for New York State Workers' Compensation Board
XML Forms Submission provides an infrastructure for submission of data to the Workers' Compensation Board in an industry-standard format(XML-Extensible Markup
Language). Tranquilmoney partners with the Board in this pilot program and comes out successful, proving its technical capabilities to submit claims in XML format
complying with their requirements.
November 1, 2005
Two clients acquired and an entry into workers compensation billing
Tranquilmoney is glad to announce that two more physician’s practices have signed up with us for managing their medical billing and AR process ...more
July 12, 2005
PharmTracker™ upgrade released.
The new release has strengthened the product by adding substantial power in search, reporting and analytics, including speed and usability ...more
November 19, 2004
Reconciliation of Third-Party Claims
There is an assumption made by pharmacists that when a third-party company electronically accepts a prescription for reimbursement at a specific dollar amount, the pharmacist will receive a check for that same amount. This seems to be a reasonable assumption, but is it true? ...more
October 01, 2004
PracticeTracker™ Version 2.0 is launched
Tranquilmoney's PracticeTracker™ program for Hospitals/ Physicians practices is a full service receivables management solution, putting technology and people to work for you. Using PracticeTracker™, Tranquilmoney's web-based Practice Management software, the physicians' front office and Tranquilmoney's back office employees ...more
June 16, 2004
Tranquilmoney increases revenue under management
Tranquilmoney, Inc. announced today that it now manages over $500 million in healthcare receivables for healthcare providers. Tranquilmoney's list of clients, include medium sized pharmacy chains, hospitals and physician practice groups in the US ...more
October 20, 2003
Tranquilmoney to increase headcount
New York based Tranquilmoney, Inc. manages hundreds of millions in healthcare receivables, processes over two billion characters of data every year, and builds cutting edge software for healthcare financing out of it's back office in Chennai (Madras), India ...more
January 11, 2002
Tranquilmoney Announces Pilot Program For Retail Pharmacy Chains
NEW YORK, NY—Tranquilmoney, a provider of an Internet-based platform for the management of receivables and management of related securitization deals, announced that it is accepting applications through February 28, 2002, for a free pilot of their retail pharmacy receivables management program ...more