Tel:	281.833.1000

Fax:	281.652.5853

Toll Free:

866.636.9606

Friday, July 10, 2009

Stimulus funds spur new breed of health care consulting contractsHouston Business Journal - by Mary Ann Azevedo

Houston-based consulting firm SynaptiCore is linking payment to performance as part of an effort to help hospitals meet stimulus mandates.

The 22-employee health care IT consulting firm is now offering hospitals milestone-based consulting agreements that link payments for services directly to the completion of specific outcomes or deliverables.

John Serrano, SynaptiCore, vice president and principal partner, says that by doing so, his firm can help hospitals meet the requirements to qualify for incentive money from the government.

The federal government’s American Recovery and Reinvestment Act of 2009 includes another act specifically related to health care IT called the Health Information Technology for Economic and Clinical Health Act.

More than $30 billion has been allocated to direct adoption incentives for “meaningful use” of certified electronic health records. To qualify for incentive money, hospitals must implement an EHR system to meet “meaningful use” and “interoperable” requirements and must also hit specific deadlines. Read Full Article

Healthcare IT Consulting Firm Introduces Milestone-based Contracts for Hospitals Striving to Meet Stimulus Mandates

SynaptiCore Links Pay to Performance to Provide Quality Assurance, Risk Reduction to Clients

HOUSTON, TX — JUNE 24, 2009 – SynaptiCore (www.synapticore.com), a Houston-based healthcare IT consulting firm, announced today that it is offering hospitals new milestone-based consulting agreements that link payments for services during an engagement directly to the completion of specific outcomes.

In a departure from traditional “time and material” contracts often used in healthcare IT consulting, SynaptiCore’s initiative recognizes that hospitals face an era of profound change being driven by the ARRA (American Recovery and Reinvestment Act). In response, SynaptiCore’s milestone-based contracts for ARRA consulting seek to deliver the industry’s highest level of accountability in helping hospitals successfully meet the upcoming regulatory requirements and deadlines.

“The tidal wave of regulatory mandates hospitals face today from ARRA and other state and federal initiatives is driving unprecedented new investments in healthcare IT,” said Mustafa Raja, Founder and President of SynaptiCore. “Our world is changing, and with change comes uncertainty and risk. As we assist clients in meeting these mandates, we believe that milestone-based contracts are an innovative way to reduce both uncertainty and risk as hospitals make these sizable new investments in healthcare IT.” Read Full Press Release

Join Our SynaptiCore Team

Offering a rewarding, challenging and entrepreneurial work environment. Seeking solution driven and client focused individuals with a "can do " attitude.

ARRA Strategic Consulting

The American Recovery and Reinvestment Act of 2009 is an economic stimulus package enacted by the 111th United States Congress and signed into law by President Barack Obama on February 17, 2009. In order to prepare your organization to benefit from ARRA, SynaptiCore offers a readiness assessment package that provides stimulus education, current state assessment and a roadmap to help your organization meet the mandate of meaningful use and interoperability.

Milestones & Accountability

In a departure from traditional “time and material” contracts often used in healthcare IT consulting, SynaptiCore’s initiative recognizes that hospitals face an era of profound change being driven by the ARRA (American Recovery and Reinvestment Act). In response, SynaptiCore’s milestone-based contracts for ARRA consulting seek to deliver the industry’s highest level of accountability in helping hospitals successfully meet the upcoming regulatory requirements and deadlines.

EHR Implementation Services

Implementing an Electronic Health Record system takes more than just purchasing software and hardware. The move to EHR takes careful planning and in-depth experience in workflow analysis, process redesign, system implementation, quality assurance and clinical adoption. Positioning your organization for success through a detailed and results oriented implementation plan is how SynaptiCore partners with you to deliver a quality EHR system to your clinicians and patients.