We [CMS] do not believe there is anything inappropriate, unethical or otherwise wrong with hospitals taking full advantage of coding opportunities to maximize Medicare payment that is supported by documentation in the medical record. (Federal Register)
Mandeville, LA (PRWEB) August 22, 2012
The helathcare services firm, MedKoder, founded by 15 year medical coding veteran, Brian Audler, has aligned with a Lafayette, LA based investment company, YPS Holdings (a subsidiary investment company of YPS Anesthesia, LLC), to fund expansion efforts and align forces in the healthcare market. Besides providing the investment capital for MedKoder to expand operations, the owners of YPS bring a strong foundation of healthcare experience, executive leadership, and market influence to the business relationship with MedKoder.
About the financial and market alignment with YPS, MedKoder President and CEO, Brian Audler says, “The vision of MedKoder is to help physicians, hospitals, and health plans receive full and accurate reimbursement through excellent coding management services with the industry’s top talent. Our business relationship with YPS is a significant catalyst to help make it happen!” YPS Holdings’ Member, Brian Young, states, “With the rising costs of healthcare and the continued decline of provider reimbursements, the financial outlook can be bleak for many providers. Understanding that reality, we are thrilled to join forces with MedKoder to help providers receive the accurate reimbursement they have earned and deserve in taking great care of people.”
Well-known in healthcare, the gold standard for medical coding accuracy is considered to be 95 percent of patient medical records coded correctly indicating that the 5 percent of medical records coded incorrectly, or not at all, could represent significant losses of reimbursements to physicians, hospitals, and health plans. Furthermore, MedKoder Consulting Member, Gary Borgstede, says “regulatory agencies are looking for opportunities to identify poor coding practices and inaccurate payments to physicians, hospitals, and health plans; therefore, health systems must do everything possible to ensure that all services rendered to patients are coded accurately and fully reimbursed.” As a result, MedKoder plans to allocate significant capital for state-of-the-art medical coding review and optimization technology with the capability to review 100 percent of their client’s medical records for proper coding assignment and accurate reimbursement. MedKoder’s leading technology combined with their top medical coding talent provide a tremendous reimbursement safety net for their client physicians, hospitals, and health plans.
Through MedKoder’s full service medical coding management services, revenues in 2013 are projected at $3.6 million dollars. Additionally, MedKoder expects to significantly increase the medical coding staff over the next year. Any experienced and certified medical coders interested in career opportunities with MedKoder should visit the MedKoder website at http://medkoder.com and apply.
About MedKoder, LLC
MedKoder is a ‘full-service medical coding management services provider’ offering expert medical coding in all physician service lines and inpatient / outpatient facility coding, medical risk adjustment management, DRG coding management, coding education, clinical coding documentation improvement, revenue integrity, and revenue cycle consulting. For further information, please visit the MedKoder website at http://medkoder.com or call 1-800-421-9718.
About YPS Holdings, LLC
YPS Holdings is the investment subsidiary company of YPS Anesthesia, LLC - a 'complete outsource anesthesia provider' for endoscopy centers, ambulatory surgery centers, surgical hospitals, and hospitals. YPS Anesthesia has been providing high level anesthesia care to endoscopy centers, ambulatory surgery centers, and hospitals since 2003 with anesthesia solutions specific to the client's needs. For further information about YPS, please visit the YPS website at http://ypsanesthesia.com or call 1-855-300-7525.