Acquisition Expands BESLER’s Leadership Position in Transfer DRG Revenue Recovery Services
PRINCETON, NJ July 23, 2015 – BESLER Consulting today announced that it has completed the acquisition of certain assets of DRG Review, Inc., of Fort Walton Beach, FL. The acquisition expands BESLER’s customer base in the area of Transfer DRG revenue recovery services, which BESLER provides to over 400 hospitals and health systems in over 40 states.
Under Medicare reimbursement regulations, when certain patients are discharged to post-acute care, the discharging hospital is paid at a reduced rate. In some cases, this reduced payment is not justified by the actual post-discharge care. These underpayments are not reflective of coding or billing errors on the part of the provider, but more commonly result from a change in the planned course of treatment subsequent to discharge.
BESLER uses proprietary software to efficiently work through the identification and follow-up tasks required to validate the accuracy of post-acute care transfer billing and to ensure compliance. BESLER also offers the BVerified (SM) suite of web-based solutions, which allows providers to bring the work of identifying, prioritizing and recovering Medicare underpayments in-house.
After undergoing a rigorous review, BESLER’s Transfer DRG Revenue Recovery Service was awarded the “Peer Reviewed by HFMA®” designation by the Healthcare Financial Management Association.*
“DRG Review is a very complementary fit for BESLER. This acquisition further expands BESLER’s revenue cycle services line,” said Jonathan Besler, president and chief executive officer of BESLER Consulting. “We are confident that we can continue to provide the same level of excellent service that DRG Review clients have come to expect.”
“After evaluating potential acquirers for the DRG Review Transfer DRG service, we felt very comfortable that BESLER had the necessary expertise, technology and focus on compliance to take over the business,” said Dr. William E. Haik, Director and founder of DRG Review, Inc. “I’m certain that the DRG Review clients will be in good hands with BESLER.”
About BESLER Consulting
For over 25 years, BESLER has helped hospitals enhance and protect their Medicare revenue. BESLER’s deep domain experience in revenue cycle, reimbursement, compliance and software development has resulted in more than $2 billion of additional revenue for our clients. For more information, visit www.besler.com.
About DRG Review, Inc.
Founded in 1988, DRG Review, Inc. is backed with years of industry experience. DRG Review, Inc. was developed after William Haik, M.D. F.C.C.P, C.D.I.P., realized the clinical outcomes of his severely ill patients were not being accurately reflected by ICD-9-CM code reporting. DRG Review, Inc. provides medical record coding quality assessments and educational programs for acute short term care hospitals which help ensure accurate code reporting and optimal case-mix.