Our team believes wholeheartedly that partnerships are essential in removing many of the fixed costs... of countless independent practices.
Troy, Michigan (PRWEB) November 10, 2015
TRIARQ Health, a leading practice partnership services company working with independent medical practices, announces today that TRIARQ Practice Services – the practice software and services arm of the company, is changing to a guarantee-focused business model in order to demonstrate its commitment to the success of the independent practice.
Designed with the future of healthcare in mind, the TRIARQ Guarantee programs are a tangible first step in changing the dialogue with doctors and medical practices whom have been negatively impacted by the failed efforts and promises of other vendors. Initially starting with a revenue-based guarantee for practice, the president of TRIARQ Practice Services has highlighted other applications with this guarantee model.
“TRIARQ Practice Services is proud to launch the TRIARQ Revenue Guarantee as a first step for opening new partnership-based conversations with practices in danger of being left behind in the current healthcare paradigm,” stated Piyush Khanna, president, TRIARQ Practice Services. “The team believes wholeheartedly that partnerships are essential in removing many of the fixed costs that have put a chokehold on the bottom lines of countless independent practices. By guaranteeing our success with theirs, we are simply saying that we’ll demonstrate success or they will not pay.”
With the TRIARQ Revenue Guarantee, TRIARQ Practice Services is demonstrating that it will achieve a 95% collectible* rate on revenue from payors, while also simplifying and implementing best practices. For practices struggling to achieve such a consistency in collecting what they are due, the Guarantee serves as one potential channel to ensure stronger margins each month.
As part of the company's offerings, TRIARQ Health provides practice management and RCM services, alongside additional value-based care programs for independent medical practices.
For more information on TRIARQ Health: http://www.triarqhealth.com
For more information on the Revenue Guarantee (PDF): https://d335hnnegk3szv.cloudfront.net/wp-content/uploads/sites/725/2014/11/Rev.pdf
*subject to terms and conditions