Etactics is a profitable, debt-free privately held company providing clearinghouse & statement processing services to over 2,500 ambulatory practices. After listening to client feedback over the years regarding the lack of affordable and robust Practice Management systems, Etactics decided to investigate this apparent need in the market.
Market research confirmed what clients had been reporting; the push for Electronic Medical Records (EMR) systems had resulted in a lack of meaningful Practice Management software development. The systems that were affordable to small and mid-sized practices had weak and ineffective A/R management tools. The fact that EMR is universally difficult for providers to adopt ensures that the bulk of development for years to come will continue to be focused on EMR. Open Practice was founded in 2005 as a division of Etactics to address this market need.
It was decided that the key to delivering an affordable solution was leveraging open systems technology to develop the software, and leveraging the power of the Internet to deploy the software. After several years of development, in close consultation with clients and industry consultants, OpenPM was released.
OpenPM was developed using Java based Application Service Provider (ASP) technology. Java is platform independent which protects your investment against technology obsolescence. OpenPM has run successfully on platforms ranging from handheld devices to mainframe computers without altering one line of code!
Advancements in this technology have meant that practices can now quickly and inexpensively deploy the latest software technology while taking advantage of the security of a Tier-4 data center. The highest levels of security and data redundancy are now affordable for small and mid-sized practices.
As part of a premier provider of claims and remittance management services, Open Practice is in a unique position to provide practices a never before seen level of accounts receivables control. OpenPM was built around the claims processing engine of Etactics and users enjoy powerful benefits such as:
- Full claims management from within OpenPM
- One -”click” claims submission
- Real-time claims status tracking
- Automated work-lists for claims and denial management
- Remittance files that are processed automatically
Our focus has always been and will continue to be on “…getting you paid“.