Feb 22, 2023 | Compliance & Regulations, News, Release of Information, Verisma Company Updates
Alexandria, VA, February 18, 2023 – Verisma, a leading provider of release of information and disclosure management solutions, is pleased to announce the launch of Verisma Academy, an educational program designed to advance excellence in release of information (ROI) through disclosure management mastery.
Once buried in paper charts, health information management (HIM) professionals now sit at the intersection of technology, patient/requestor experience, compliance, and revenue retention. ROI is part of this larger ecosystem we call disclosure management.
Navigating disclosure complexity is a challenge. Many professionals are heads-down in the operations of their own facility and struggle to stay up-to-date on external factors like regulation changes, cyber security threats, and hybrid workforce management. Siloed processes miss the big-picture impact on patient experience and the goals of the entire health system.
Verisma Academy offers the education and expertise to address these challenges. Standards of excellence in disclosure management will be taught by thought leaders from healthcare organizations, government agencies, and Verisma team members with decades of experience providing HIM solutions across the country.
Free enrollment in the academy includes live webinars, master classes, and on-demand courses, many of which are eligible for continuing education units (CEUs) through the American Health Information Management Association (AHIMA). State AHIMA chapters with the most enrollees will receive a $500 scholarship from Verisma to promote the future of HIM in their local area.
“We believe education is key to elevating the profession of health information management and advancing the industry as a whole,” said Marty McKenna, CEO of Verisma. “We envision Verisma Academy as a platform for sharing knowledge and fostering collaboration among professionals in the field, and we are excited to see the impact it will have on the HIM community.”
For more information and to enroll in Verisma Academy, visit verisma.com/academy.
Media Contact:
Delinda Tinkey
dtinkey@verisma.com
Dec 5, 2022 | News, Release of Information, Verisma Company Updates
WASHINGTON, D.C., November 16, 2022 – For the third year in a row, Black BookTM Market Research ranked Verisma as the #1 vendor in Release of Information. After surveying users of ROI technology and services across the country, Verisma scored highest in 11 of the 18 data points measured. These include:
- Strategic alignment of client goals including VBC HIE ONC
- Innovation & optimization
- Training
- Client relationships and cultural fit
- Trust, accountability, transparency, ethics
- Deployment and implementation
- Integration and interfaces
- Reliability, consistency
- Marginal value adds and modules
- Support and customer care
- Best of breed technology and process improvement
Black Book’s unique research methodology focuses on front-end users of technology and services vs. executives who are more likely to have made the selection and purchase decisions of the vendors.
“As the Black Book information shows, our relationship with clients is our top priority,” said Verisma co-founder Andy McManus. “We have no way of telling who takes surveys like these, but our consistently high rank in a variety of measures three years in a row shows these are universal sentiments across our client base. It’s an honor to see this acknowledgement in the strength of our relationships and the solutions we provide.”
Full rankings for Release of Information Services & PHI Disclosure Management Solutions can be viewed at Black Book™ Announces Top Client-Rated Coding, Transcription, Clinical Documentation Improvement and Clinical Information Management Software and Services Vendors 2022 (apnews.com).
About Verisma
With Verisma® services and technology, health information managers elevate their organization’s method of securely disclosing confidential information to patients, attorneys, and other third parties. Built on the principles of truth and accuracy, Verisma is a trusted partner in complying with changing regulations while reducing errors, turnaround time, and cost. Verisma HITRUST® certified technology integrates with existing EHRs and portals for advanced automation and transparency uniquely designed for release of information (ROI), self-serve request tracking, and audits. Flexible service models including full-service, technology-only, or a hybrid seamlessly blend Verisma’s end-to-end solution with the needs of existing staff. Our partnership is truly a promise to put patient protection first.
Media Contact:
Delinda Tinkey
dtinkey@verisma.com
Sep 14, 2022 | Compliance & Regulations, Health Information Solutions, News, Verisma Company Updates
What’s New?
Pending HIPAA updates, rising labor costs, hybrid workforces, cyber security threats – the landscape of health informration management is changing and so are we! Visit us at booth #411 at
AHIMA 2022 October 9-12 in Columbus, Ohio to see our latest advancements in automation: including:
- Enhanced robotic processing
- Self-service requests
- Commercial audit management
- Request intake
- Radiology image request
- Request monitoring and data intelligence
What Really Excites Us
Education, tradeshow booths, and dinners in the city are all part of the fun, but the real draw to events like this is simple – the people.
Do we hope you’ll remember our latest technology and awesome giveaways? Yes!
But most importantly, we hope you remember us. We can’t wait to meet you!
Feb 3, 2022 | Compliance & Regulations, News, Verisma Company Updates
Verisma Request App® Receives High Praise from Legal Community
100% of attorneys would recommend VRA to colleagues
WASHINGTON, D.C., February 3, 2022 – Verisma, an industry leader in disclosure management technology and services to the US provider market, received exciting results of a recent survey to attorneys. Their ground-breaking Verisma Request App® (VRA) technology received an overwhelming amount of support from those surveyed within the legal community. 100% of attorneys would recommend VRA to their colleagues, and respondents rated it 4.7 out of 5 for ease-of-use over traditional manual record request methods. One attorney from the Northeast said: “I wish other facilities used something similar to Verisma. I like knowing my request was received and that I have a contact person to reach if I have any questions.”
VRA provides attorneys with a remote, self-managed approach to electronic record ordering, tracking, payment, and delivery. This change enhances efficiency, eliminates the compliance risk and stress of a paper-driven request process, and results in a more satisfied requestor experience.
Benefits of VRA include:
- Up to a 50% reduction in total request turn-around-times with elimination of an antiquated manual record request workflow process
- Up to a 30% reduction in record request processing costs associated with a traditional paper-driven process
- Improved requestor satisfaction with ability to self-manage the entire experience online for all submitted record requests
- Decreased risk to the healthcare organization with the elimination of common paper-driven request errors
About Verisma
Verisma is a proven partner with decades of experience supporting large, complex healthcare environments around the country. We process millions of medical requests a year and are committed to serving our partners with technology and support solutions that allow them to manage their business and to deliver an exceptional patient experience. From our technology to our people and our partnerships, we believe our purpose is to protect truth and accuracy. Learn more about our disclosure management system at verisma.com.
Media Contact:
Davy Simanivanh
Phone (571) 205-6722
dsimanivanh@verisma.com
Dec 22, 2021 | News, Release of Information, Verisma Company Updates
Transaction recapitalizes existing portfolio company Verisma to optimize enhanced opportunities in disclosure management
NewSpring (“the Firm”), a family of private equity strategies, announced today that NewSpring Healthcare, the Firm’s dedicated healthcare strategy, has made an investment into Verisma, an industry leader in healthcare disclosure management technology and services. The transaction creates a successful liquidity event for NewSpring, Blue Heron, legacy investors, and limited partners while allowing Verisma to continue to grow its leadership position in the quickly expanding healthcare information technology industry.
This significant investment affords Verisma an accelerated timeline. They will be able to lower barriers for efficient disclosures and stay ahead of market demands, like increased volume and regulation. The additional access to capital will fast-track its ever-advancing technology platform, enhancing the accuracy of disclosure management.
“Verisma empowers thousands of hospitals and healthcare providers, allowing them to provide superior care without worrying about non-compliance or penalties, all thanks to a cutting-edge, technology-based release of information (ROI) solution. NewSpring’s continued investment furthers our access to the financial, human, and intellectual capital that helped accelerate our growth. We look forward to partnering in the refinement and creation of new, value-adding services to benefit even more healthcare providers.”
— Marty McKenna, Verisma CEO
With this recapitalization, structured as a GP-led secondary through a continuation vehicle managed by NewSpring Healthcare, NewSpring is taking advantage of an attractive opportunity to provide a return to existing shareholders while infusing fresh capital into the business with new investors who share the Firm’s strong conviction in Verisma’s potential for continued rapid growth. Triago served as the exclusive Financial Advisor for the transaction.
“When we initially partnered with Verisma, we saw the dire need among healthcare providers for an efficient release of information technology solution capable of handling the explosion of medical information captured by disparate, unconnected systems. This need is still alive today, and we see ample room for the disclosure management space to continue to expand. As a leader in the space, Verisma is well-positioned to take advantage of this industry’s fast growth, and we’re excited about the continued opportunity to help this business introduce new technology innovations that continue driving this industry forward.”
— Brian G. Murphy, NewSpring General Partner
As part of the transaction, Verisma’s management team remains consistent as well as the Board of Directors, with NewSpring’s Brian G. Murphy continuing to serve as an active Board member.
Post transaction, Matt Plevelich, NewSpring Principal, also joins the Verisma Board of Directors. “I am looking forward to further working with CEO Marty McKenna and the rest of the Verisma management team to support the company’s ongoing growth as they address the critical demand for patient information.”
About NewSpring
NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $2.5 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 180 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. To learn more, visit www.newspringcapital.com.
About Verisma
Verisma is a proven partner with decades of experience supporting large, complex healthcare environments around the country. We process millions of medical requests a year and are committed to serving our partners with technology and support solutions that allow them to manage their business and to deliver an exceptional patient experience. From our technology to our people and our partnerships, we believe our purpose is to protect truth and accuracy. Learn more about our disclosure management system at verisma.com.
