Retrieve Medical Holdings Inc (OTC:RMHI) Stock Trades Lower After LOI With Louisiana Health System Hospitals

On Monday Retrieve Medical Holdings Inc (OTC:RMHI) was in the news cycle after it made an announcement about Retrieve Medical Inc, its fully owned subsidiary unit. The company revealed that Retrieve Medical Inc had inked a Letter of Intent with a pair of hospitals in Louisiana. The company announced that it was going to begin the implementation of Retrieve Dx, its patented software, immediately.

It was also noted in the news release that the company was proud at the fact that it had an agreement with a Louisiana Health System. The company further noted that as it continued on its growth path, it managed to add another community health system to its expanding list of clients. Following the latest agreement, the new installation would take the company’s physician documentation tool to a health system that had more than 150 beds and recorded in excess of 44000 emergency department visits.

Case Mix Index (CMI) is the driver behind the hospital reimbursement ecosystem in the United States. The company stated that the improvement in the documentation of comorbidities of patients admitted in the hospital is the best way of having a positive impact on the CMI. The primary use of Retrieve Dx is to bring the bring relevant comorbidities to the attention of the clinicians involved in the treatment of a patient. Consequently, it would lead to the validation of the comorbidities and their documentation in the medical record of the patients.

Following the latest installation the solution would become a part of the toolkit of each clinician by making the identification of any comorbidity intuitive and easy. Additionally, the company also noted that the Retrieve Dx would also help in providing error-free diagnosis and would ensure that the clinician did not take a long time to complete medical documentation for the patient.