Revenue cycle management and consulting firm pairs a national reach with a boutique approach to deliver custom solutions for WellPha in the Medicare hemophilia patient population
HIGH POINT, N.C., Dec. 12, 2023 /PRNewswire-PRWeb/ -- Synergy Billing Corp., a boutique consulting and services firm that supplies revenue cycle solutions and guidance for home infusion and pharmacy businesses, has announced it has added WellPha Specialty Pharmacy ["WellPha"] to its growing customer portfolio. WellPha and Synergy Billing Corp. ["Synergy"] entered into an open-ended agreement effective November 2023, and together, they expect to streamline billing procedures for WellPha's Medicare-reliant hemophilia patient population.
Synergy brings well-established ability in this area of specialty pharmacy and home infusion revenue cycle management service. The Brooklyn, NY-based WellPha selected Synergy to help streamline the process of billing patients on Medicare who require clotting-factor medications, a patient group the company had not previously been able to support.
"We are thrilled to welcome WellPha into the Synergy family," said Jennifer Arms, managing partner for Synergy Billing Corp. "WellPha's needs are specific, as with many specialty pharmacies. We understand this because each of our customers has touchpoints that require a revenue cycle partner that prioritizes customization while also bringing industry familiarity to the process." Arms continued, "We believe in this partnership and look forward to seeing it continue to grow in years to come."
Bernard Fischman, co-owner of WellPha, shared his support for the partnership: "Choosing Synergy Billing Corp was a strategic decision. The complexities of billing for Medicare hemophilia patients require precision and familiarity. Synergy's experience in this niche and its commitment to tailored solutions assured us they could help us effectively navigate the process. This partnership enhances our operational efficiencies and enables us to extend our services to an even broader patient population."
Synergy takes pride in tailoring its revenue cycle management services to meet each customer's unique needs, ensuring that no two service profiles are identical. This high-touch approach has driven the company's growth in a successful first half of 2023, with Synergy reporting:
- An 82% increase in revenue over the same period in 2022
- Earnings grew by 1,021% compared to the same period last year
- A 36% increase in the number of clients from this time a year ago
- Fifteen (15) new employees have been onboarded
Synergy Billing Corp. is committed to setting the industry standard for every customer. Visit www.synergybillingcorp.com to learn more, or call us at 412.909.4064.
About Synergy Billing Corp.
Synergy Billing Corp. is a boutique firm that provides revenue cycle and consulting solutions to home infusion and specialty pharmacy healthcare companies. Synergy specializes in assisting with home infusion reimbursement and removing administrative burdens, allowing clients to stay focused on their primary business. The company supports its clients through all phases of the revenue cycle, including benefits verification, pre- and continuing authorizations, billing, collections, and cash posting. Synergy Billing Corp. was founded in 2018 and is headquartered in High Point, N.C. For more information, visit www.SynergyBillingCorp.com or connect with us on LinkedIn or Instagram.
About WellPha Specialty Pharmacy
WellPha Specialty Pharmacy delivers highly customized, home-based infusion and specialty medical treatment services to patients nationwide. The company, founded in 2021 and headquartered in Brooklyn, NY, offers premium pharmaceutical products and leading customer service that elevates the patient, provider, and manufacturer experience. WellPha's singular mission is to ensure the best treatments for each condition, centered on its promise of care, compassion, and expertise with every interaction. For a complete listing of available therapeutics and disease management services or to learn more about WellPha Specialty Pharmacy, visit www.WellPha.com.
Media Contact
Victoria Seremeta, Synergy Billing Corp., 1 5162861950, [email protected], www.synergybillingcorp.com
SOURCE Synergy Billing Corp.
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