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THOUSAND OAKS, CA, July 12, 2018 /24-7PressRelease/ -- Bonafide Management Systems today announced Optical Character Recognition (OCR) functionality. This technology allows customers to efficiently and instantly search all scanned documents on the Bonafide system. OCR is an advanced feature included at no additional charge to Bonafide customers.
Bonafide's OCR technology works by analyzing the structure of scanned documents. The technology is able to recognize elements such as blocks of text, tables and images. It can then identify characters and words within the scanned document. This search function eliminates costly data entry functions currently required in most Durable Medical Equipment (DME) businesses.
"We are adding this technology based on the fact that OCR will result in significant cost savings for our customers by reducing costly manual searches and manual data entry," says Wayne Bailey, Director of Customer Service at Bonafide. "With DME margins shrinking every day, we are dedicated to providing critical cost-savings opportunity with our software."
OCR technology allows Bonafide's customers to search all scanned documents containing a specific name, hospital, phone number, diagnosis code, denial description, or almost any detail quickly and easily. The work-around for DME providers today is to manually add tags and descriptions to scanned documents, but these are often either incomplete or require a complete re-write of the scanned document. With thousands of scanned documents in any system, the cost savings posed by OCR are tremendous.
"Our customers have thousands of scanned documents, none of which are easily available," says Michelle Tohill, Director of Revenue Cycle Management at Bonafide. "Manually reviewing documentation is time consuming and unproductive because scanned documents are not dated or scanned in order and are not easily available. OCR will help our DME customers become more efficient in their documentation, compliance, and billing activities."
Bonafide Management Systems has the best business workflow management available to the DME industry and is the only DME software that is fully and seamlessly integrated into all of your management decisions. Bonafide's total DME solution will help you maximize efficiency, productivity, and profitability in your business. Our single platform solution delivers every software advantage available to maximize your margins as reimbursement rates continue to shrink.
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