It's Friday, November 22.
By the end of the month, as the "books" are closed, do you know which physician payments have not yet been processed and should be accrued?
Ludi simplifies the way hospitals and health systems track, manage and audit payments to their physicians.
Managing physician contracts can be tough. You have to track physician time and corresponding payments based on the complexities of each contract or arrangement. That’s where Ludi comes in. We modernize what’s typically a cumbersome, paper-based process for hospitals, and transform it into a modern physician-focused approach.
Ludi’s DocTime Technology Suite is an integrated, physician time-keeping app and financial management system. It helps hospitals streamline all of the complex tasks, rules and data associated with their physician contracts. The DocTime Suite allows doctors to track their time on-the-go using a mobile device or computer, gather the necessary approvals for that work without having to chase anyone down, and ensure payment is processed – all online, securely and quickly.
As a result, hospitals save time, money and stay within key compliance regulations, including Stark Law and the Anti-Kickback Statute. And physicians can focus on what they love: helping their patients.
Who Does Ludi Help?
Our client Ritu Jain of Stamford Health was named one of Modern Healthcare’s Top Innovators of 2019 for her implementation of our DocTime Log app and financial management system!
Stamford Health previously relied on paper-based processes which were not only burdensome, but also inaccurate. With the help of DocTime Log, capturing data on physician spend was made simple. It also helped track physician activity in real time, as well as getting approvals, making payments to physicians, and more. Implementing DocTime log helped Stamford Health save $103,00 annually.