With this new program from MedVentures, it is much easier for healthcare providers to get the capital they need to truly enhance their practices
Cleveland, OH (PRWEB) October 25, 2011
MedVentures Inc., an emerging healthcare service company, has announced the launch of its Technology Access Program, a solution that provides important medical technologies to capital-stressed healthcare providers.
The program helps address a major challenge in the healthcare industry, which is that providers can typically afford only 70-75 percent of the medical devices that they need. Through MedVentures' Technology Access Program, healthcare executives receive a capital-free, off-balance sheet way to obtain critical, outcomes-enhancing technologies that meet their clinical and financial requirements.
"With this new program from MedVentures, it is much easier for healthcare providers to get the capital they need to truly enhance their practices," said William Curtis, Chairman and CEO of MedVentures Inc. "Through a shared revenue format, we're helping hospitals, outpatient care centers and physician groups improve their services and increase revenues."
With increasingly constrained capital resources, many healthcare providers face the challenge of deferring vital medical technologies in order to save costs. This means that providers are putting themselves at risk, reducing their abilities to attract and retain physicians and their patients, deliver the best patient outcomes, succeed in a pay-for-performance environment and maintain a competitive position in their markets.
MedVentures' Technology Access Program offers the technologies providers want and need, without expending additional capital, undertaking fixed payment obligations or guaranteeing procedure volumes. The program provides equipment, upgrades and maintenance, as well as outreach marketing and coding and reimbursement services. Healthcare providers, for their part, contribute the facility, staff and patients, and generally receive a majority of the revenue.
"The healthcare industry is facing a number of challenges, particularly when it comes to meeting all of their capital needs," Curtis said. "By working with us, providers now have a way to address capital constraints while also improving the quality of their patient care."
MedVentures has obtained a multi-million dollar funding commitment to support the growth of its Technology Access Program.
For more information on MedVentures’ new Technology Access Program, visit http://medventuresinc.com/medventures-programs/.
About MedVentures Inc.
MedVentures is a national healthcare services company that partners with hospitals, outpatient centers and large physcian groups to eliminate the growing conflict between capital constraints and medical technology needs. The company provides its client-partners with important medical technologies, including service and upgrades, coding/reimbursement support and outreach marketing, all on a shared revenue basis. There are no minimum periodic payments and no procedure volume guarantees. To learn more, visit http://www.medventuresinc.com.