AdvancedMD Joins Physician Organization Market Providing Advanced Solution for Clinical and Financial Operations |
MGMA 2007 ANNUAL CONFERENCE
PHILADELPHIA--(BUSINESSWIRE)-- October 29, 2007 “AdvancedMD is pleased to support this new business channel relationship with healthcare organizations interested in enhancing the quality of patient care and day-to-day practice management,” said Jim Pack, president and CEO of AdvancedMD. “Because physician organizations provide services to independent or employed physician practices, with the help of our software, they will now be able to establish central functions for services such as scheduling, billing, claims management and electronic medical records (EMR). The centralized functions will allow these organizations to provide more efficient and higher quality services than could be achieved with the limited resources of individual practices.” According to the Medical Group Management Association (MGMA), healthcare organizations sustained average group practice losses ranging from $50,000 to $100,000 per hospital-employed physician. AdvancedMD is uniquely positioned to offer solutions and add value to physician organizations and their clients through its management solution. The comprehensive Web-based practice management solution will enable the MSO, IPA or PHO to ease implementation/training and provide seamless, anytime anywhere, access for both the office and healthcare organization to utilize the application. In one example, several independent physician groups entered into a partnership with a hospital organization to form a single professional corporation. They soon realized that they needed a unified system that offered one revenue cycle across all practices and a system that was flexible enough to meet the needs of specialty practices. With AdvancedMD’s practice management solution, these established physician groups are experiencing reduce overhead costs and improving revenues through streamlined workflow and office efficiencies. Winner of the 2007 CODIE AWARD for "Best Healthcare Management Solution, AdvancedMD was recently named to the Inc. 500 List of Fastest Growing Private Companies in America. AdvancedMD maintains a 98% customer retention rate and serves over 7,000 providers, 22,000 users and manages over 10 million patient records nationwide. About AdvancedMD AdvancedMD Software, Inc., headquartered in Salt Lake City, Utah, is the most widely used Web-based medical billing and practice management software solution in the industry. AdvancedMD Software brings to market AdvancedMD, a full-featured medical billing and scheduling solution and AdvancedEMR, a flexible electronic medical records management system. AdvancedMD solutions include free technical support, world-class security, and fully HIPAA compliant accessibility. For more information, please visit www.advancedmd.com Contact Info |
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