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| Tuesday, February 09, 2010 |
November 16, 2009 2128 +0000 UTC Medversant Cites Importance of Continuous Electronic Credentialing of
Health Care Providers as Key to Ensuring Safety LOS ANGELES--(BUSINESS WIRE)-- The ability to access accurate and timely background information about health care providers is essential to ensuring the safety of patients, visitors, and other employees in private or public health care settings, asserts Medversant Technologies, LLC (www.medversant.com). Medversant's patented AutoVerifiâ„¢ technology (U.S. Patent 7,529,682) not only continuously checks licenses, records from the Office of Inspector General (OIG) and Drug Enforcement Administration (DEA), and other sources, but can also search off-record items such as articles, blogs, Web postings, social networking sites, and other electronic information continuously. According to Matthew Haddad, president and CEO of Medversant, "The devastating events that occurred at Fort Hood should be triggering alarms at workplaces nationwide. Continuous monitoring is more than an option or regulatory requirement, it is a necessity in protecting lives." Haddad explains that Medversant's patented technology continuously monitors Web-based background information for hospitals, health plans, state Medicaid programs, and other health care environments. This technology is available through both its Encompassâ„¢ platform and HRSourceâ„¢ human resources application. "Our technology can pull up any information that is exposed on the Internet," Haddad adds. "We can uncover issues with credentials that could be red flags to management." Medversant 2009 National Provider Adverse Findings Study, available at www.medversant.com, determined that of 29,845 healthcare practitioners with professed current medical licensure, 1.9 percent were practicing without a license and 18.7 percent were flagged with one or more "adverse findings" - including malpractice, expired license, and credentials falsification. The study surveyed a database that included physicians, dentists, podiatrists, chiropractors, physician assistants, nurse practitioners, and other ancillary personnel from 30 health care organizations with a state license number under which the practitioner professed to practice at the time of credentials verification. The study measured the number of practitioners: "The tragic lessons learned at Fort Hood should prompt decision-makers to take action," advises Haddad. "Inadequate credentialing of providers is a serious vulnerability that must be addressed." Medversant is an independent health care technology company that is endorsed by numerous health care trade associations throughout the United States. The company was contracted by the State of Michigan to centralize credentialing processes pursuant to a Medicaid Transformation Grant. About Medversant Medversant Technologies, LLC is the nation's leading provider of continuously monitored Web-based credentials verification solutions through patented AutoVerifiâ„¢ technology (U.S. Patent 7,529,682) for hospitals, health insurance plans, nursing homes, outpatient centers and other healthcare settings. Medversant provides a software tool that is highly efficient, cost-effective and an accurate solution for provider database management. Headquartered in Los Angeles, Calif., Medversant can be reached at (213) 291-6139 or www.medversant.com.
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