MDrecoveries Launches with Innovative Model to Manage Healthcare Revenue Cycle

New company enters the marketplace, specializing in air medical and trauma claims. MDrecoveries provides skilled professionals to work within a current organization's systems and software rather than requiring third-party personnel and software.

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SAN DIEGO (PRWEB) October 08, 2012

MDrecoveries enters the marketplace boasting an innovative new model for revenue cycle management. Established to reinforce healthcare organizations across the country, MDrecoveries improves reimbursement and lowers costs for the management of air medical and trauma claim revenue.

Declining reimbursement coupled with higher costs and the growing under-insured and un-insured populations are creating fiscal challenges for healthcare organizations, threatening the quality of care and level of services they provide. Until now, claims personnel lacked the specialty training needed, while often subsidizing expensive external software. Alternatively, MDrecoveries provides the professional subject matter experts to manage the revenue cycle utilizing the current organization’s systems and software to improve reimbursement, accelerate collections, and produce measurable increases to an organization’s top and bottom lines. MDrecoveries was founded to transform healthcare organizations from a culture of scarcity to a culture of surplus by improving the hospitals profitability.

“We match our certified subject matter experts with the hospital’s existing internal billing system, operating as an extension of its business office,” said Michael Walterscheid, CEO and President of MDrecoveries. “Our model allows us to eliminate upfront capital investments for our customers and allows us to recover revenue at a lower cost than other healthcare revenue cycle management companies. We’re proud to finally provide a service that is 100% transparent, completely secure, and guaranteed to improve reimbursement, allowing the hospital to focus on what is important, saving lives.”

Certified subject-matter experts, specialized and cross-trained in all facets of healthcare revenue cycle management can provide the following services through MDrecoveries:

  •     Revenue cycle management from start to finish
  •     Accounts receivables follow-up by specific insurer, age or dollar amount
  •     System conversion management, providing a “safety net” for times of transition
  •     Management of legacy receivables
  •     Temporary project-based assistance
  •     Management of denied claims
  •     Consulting

MDrecoveries’ service suite can manage all, or a select portion of active receivables including commercial, Medicare, Medicaid, workers compensation, auto, third-party liability and self-pay. The company places an emphasis on meeting Federal Medicare and HIPAA compliance guidelines and all practices are completely transparent and secure.

MDrecoveries was founded by Michael Walterscheid, CPA & MBA who serves as CEO and President. Walterscheid brings more than 34 years of executive management and financial experience, 21 of those in the air medical industry. Prior to founding MDrecoveries, Mike served as CFOs for Golden Hour, Omniflight and Rocky Mountain Helicopters.

Debra Campos serves as Chief Operating Officer and brings more than 34 years of combined executive management experience, third-party billing, business start-up, A/R management, payer contracting and compliance and consulting for revenue cycle management.

About MDrecoveries:
Founded in 2012 by CEO and President, Michael Walterscheid, CPA & MBA, MDrecoveries is the complete solution for healthcare revenue recovery services for air medical and trauma claims. With no upfront investment and completely transparent practices, MDrecoveries matches certified subject matter professionals to the technology systems and software already used by an organization. Our work is grounded in expertise, accountability and measurement. MDrecoveries is dedicated to helping healthcare providers across America better manage air medical and trauma claims to insure a healthy top and bottom line. For more information visit http://www.mdrecoveries.com or call 619-933-7121.

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  • Lizzie Younkin
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    619-295-8232 122
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