In addition to enhancing practices’ workflow efficiency, this solution, it allows group physician practices to improve both patient and provider satisfaction.
Boston, MA (PRWEB) February 09, 2012
MD Solutions, Inc., a leading provider of consulting, interim management, revenue cycle turnaround, EMR/PM implementation and remediation services, announced today the launch of MD Estimator, its patient cost prediction solution designed to improve group physician practices’ self-pay collections at the point-of-service.
Especially helpful for practices whose specialties involve higher cost procedures, MD Estimator accurately estimates patients’ self-pay amounts so practices can collect that portion of their charge at the time service is provided or set up a payment plan for collection. Integrated with practice management systems, MD Estimator is an automated solution that uses a practice’s system's fee tables, insurance guidelines and other payment data to increase payment certainty related to a patient out-of-pocket responsibility. By providing real-time estimates of patients' payment responsibility, MD Estimator allows patients to understand what they'll need to pay for a specific procedure.
"In addition to enhancing practices’ workflow efficiency, this solution can reduce administrative costs and reduce days in accounts receivable," commented Paul Casey, President of MD Solutions. "Most importantly, it allows group physician practices to improve both patient and provider satisfaction."
MD Estimator eliminates tedious tracking of patients for payments due and stops manual and time-consuming calculation of patients' self-pay amounts. It also increases patient loyalty while decreasing bad debt of uncollectible self-pay accounts.
About MD Solutions, Inc.
Based in Boston, Massachusetts, MD Solutions, Inc. is a team of experienced health care professionals who leverage their combined expertise to assist organizations with maximizing their investment in human capital and IT systems. Since our founding in 2000, MD Solutions, Inc. has partnered with healthcare organizations to help them maximize efficiencies and profitability by effectively integrating and utilizing people, processes and technology to overcome business challenges. The company is well-equipped to help medical practices, health systems and billing services with leading IT systems including Allscripts, GE Centricity and Dragon Medical.