Overview
and Mission Statement
FolioMed provides its customers with proprietary
databases of physicians and healthcare facilities in the Northeastern
US. The uniqueness of the databases results from a combination of
data gathering processes ranging from sophisticated software programs
to analyze disparate public and non public electronic files to systematic
direct contact with physicians and healthcare facilities to verify
information. In the course of developing its relational databases,
Folio has created its own unique identifiers for both physician
and healthcare facilities and also created proprietary codes (medical
specialties, medical schools, language spoken, type of practice
organization and hospital and HMO affiliations) that enable providers
to accurately differentiate their individual medical profile.
Folio’s Mission Statement
" to improve the clinical and economic efficiency of our
customers by providing the most accurate, current, comprehensive,
and operational database of Physicians and Healthcare Facilities
available in the markets we serve."
In order to fulfill its Mission Statement of accurate and
current databases, Folio maintains a dedicated Data Research
Staff that continually edits and monitors incoming physician information
and also maintains proprietary software to analyze electronic provider
databases, both from customer files and also public files, on an
on-going basis. Through Folio’s Internet Service application,
customers can directly edit physician records, subject to Folio
validation. Folio then follows the model of delivering this consolidated
information to the provider for verification, since direct response
represents the most important source of accuracy. In the course
of verification, providers submit additional information to Folio
about their practice addresses that would not be available from
public sources.
In order to provide a comprehensive and operational
databases Folio maintains a census physician and facility database
of all active practices and also maintains a file of physicians
who became inactive because of retirement or other reasons. Each
physician record has multiple practice addresses for rapid linking
of a patient episode to a provider. Each practice address contains
contact or descriptive information, such as the type of physician
location –group practice, solo practice, physician hospital
organization, hospital, ambulatory clinic, etc.---, and contact
information---phone, extension, fax, email. The database also displays
multiple physician identifiers, such as UPINs, NPIs, multiple state
licensure numbers, and DEA numbers. Concentrating all relevant provider
information into one database becomes a centralized operational
resource for those departments and functions requiring physician
information.
Folio databases have been documented to increase customer clinical
efficiency by rationalizing legacy provider files for medical record
and other patient related communications, by accurately identifying
new referring providers using Folio’s reference database,
and in profiling physician specialties for clinical solutions. Easily
quantified are economic efficiencies in reduced
search time for providers from utilizing a legacy database streamlined
by Folio or utilizing Folio's own reference database. More important
savings result from the reduction in internal or payer claim rejections
and/or denials that not only increase costs but also negatively
impact accounts receivable.
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