Revenue Cycle Accelerators
Our Revenue Cycle Management services provide a novel approach for patient collections. As a licensed collection agency you can piggyback on a number of the same techniques used by conventional collections agencies, however, you keep 100% of the money. Our goal is to decrease the costs of collections while increasing revenues.
Select Collect
- Client retains 100% of the money collected
- Increase dollars from delinquent accounts
- Reduce the cost of collection
- Client discretion on how accounts are touched
- Same tools used by a conventional collection agency
Legal Capabilities
- Small Claims
- Special Civil
- PIP Arbitration & Workers Compensation
Patient Payment Portal & Credit Card Merchant Services
- Easy way for patients to make payments via the web and/or phone
- Transactions include checks, credit and debit cards
- Can integrate with point of sale swipe transactions
- View a client site at www.payrcm.com
Pre-collect IVR (Integrated Voice Response)
- HIPAA compliant automated voice response scripts
- Maximizes patient reach
- Generates response from accounts that ignored direct mail
Appointment Reminders
- Every missed appointment is lost revenue
- Automated call attendant
- No equipment to install… Pay only per call
Returned Mail
- There is cash in that dead mail
- Tap the most up to date addresses in the country
- Satisfy regulatory audits with documented attempts to contact patients
Strategic Management Consulting
Our Strategic Management Consulting practice provides an operating resource for companies originating in the healthcare space. We help identify market opportunities, formulate strategies, communicate the client’s story to outside sources, and assist with management planning. After helping our clients develop an appropriate strategy, we typically create teams of professionals to implement the strategy. Representative engagements have included:
- Raised over $20 Million in private equity during our tenure with start-up biotech that eventually went public
- Developed and managed the successful launch of an ambulatory surgery center
- Assisted physicians in evaluating new market opportunities providing roadmap to execute
- Guided successful intellectual property protection and go-to market for doctor/inventor
MEDsaas Software as a Service
Our Software as a Service suite and philosophy provides a unique end user-centric approach resulting in a solution that offers immediate utility for the organization at a reasonable total cost of ownership. This is finally a solution that users will actually use.
Our sweetspot is business intelligence (BI) and customer relationship management (CRM).
- On the fly business intelligence information
- Alerts to changes in business conditions
- Executive dashboard of key performance indicators
- Patient/Physician touch applications for clinical, marketing and financial objectives
Recently we completed work for a client that supplies innovative solutions to the Consumer Products and Healthcare markets. Their application collects and measures consumer attitudes and product condition at the point of purchase and point of use.
We designed a client side deliverable that makes available to their customer:
- A user friendly ad-hoc reporting mechanism
- Management scorecards
- Change in business condition alerts
- Access via a web-browser
The OVEN
MEDassurance is a company that has dedicated the last two decades to bringing novel concepts to the healthcare provider; helping them produce a healthier business by breaking myths related to the business of healthcare; one at a time.
We are in continuous business development mode. We believe we have the ingredients… we just need to develop the recipes. Sorry, we do not publicize what is in “The OVEN” because there is most likely intellectual property, confidential, competitive and proprietary attributes to most of the stuff that is baking.
That said we want to thank those of you who have helped and are helping us break the myths.
Simply email us at info@medassurance.com or call (800) 217-5253.