• Home
• About
• News and Events
• Practice Development Strategies Expedites Healthcare Claim Processing and Accelerates Cash Flow for its Clients with InstaMed

Practice Development Strategies Expedites Healthcare Claim Processing and Accelerates Cash Flow for its Clients with InstaMed

SAN DIEGO, CA and PHILADELPHIA, PA (February 17, 2010) – Practice Development Strategies (PDS) provides medical billing, consulting and practice management services to over 200 medical practices across the country. The company continually seeks ways to reduce claim rejections and accelerate cash flow for its clients. PDS has partnered with InstaMed to deploy web-based clearinghouse and payment solutions that increase and accelerate patient and payer payments for its clients, while reducing the administrative costs to collect payments.

Batch eligibility is one of InstaMed’s clearinghouse solutions that PDS has successfully deployed. This solution allows both PDS and its clients to verify patient eligibility prior to a scheduled appointment, thereby streamlining the check-in/registration process and saving PDS and its clients over 40 hours a month. InstaMed’s solution displays the results of eligibility inquiries to PDS and to its clients’ front desk staff, enabling the proactive management of ineligible or high deductible patients at the point of service. The implementation of batch eligibility has resulted in an 80% reduction in claim rejections related to ineligible patients, which has reduced accounts receivable and accelerated cash flow for PDS and its clients.

“After looking at our options, InstaMed was the clear partner of choice because of its many healthcare and payment solutions on a single platform that are flexible and tailored to meet the needs of a large billing service like ours,” stated Chris Burns, President of Practice Development Strategies. “InstaMed allows us to provide our clients with a unique set of solutions that resolve many of the healthcare revenue cycle problems facing providers and patients today.”

Bill Marvin, President and CEO of InstaMed stated, “We are thrilled with the results that PDS has delivered to its clients. InstaMed is committed and focused on enabling PDS to simplify the entire healthcare revenue cycle, improve client satisfaction and ultimately get paid.”

About Practice Development Strategies

For over 20 years, PDS has been providing medical billing, consulting and practice management services to physicians and medical groups. PDS strives to provide its clients with straightforward solutions to complex problems utilizing a simple but effective business philosophy: Commitment to your success is the key to our success. Our consultants recognize that a solution that works for one practice may not necessarily work for another. We look beyond the symptoms of a problem to identify its underlying causes and then work side-by-side with your management staff to implement a solution tailored to meet your specific needs. By combining straight talk with years of practical experience we can achieve results that maximize the performance of your practice. Please visit PDS on the web at www.practiceanswers.com.

About InstaMed

InstaMed is the industry leading healthcare payments network and platform. InstaMed’s mission is to transform the healthcare payment process for healthcare Providers, Payers and Patients so their payment experience is simple, convenient, reliable and secure. InstaMed processes all of the healthcare and payment transactions in the healthcare revenue cycle and offers patent pending, integrated healthcare and payment transactions that accelerate the healthcare payment process and reduce the administrative costs to all parties. Through its channel partner relationships, InstaMed currently supports the healthcare payment processing needs of all types of providers, from solo practitioners to billion dollar health systems; and hundreds of healthcare payers of all sizes. InstaMed is registered with Visa and MasterCard and is certified as a Payment Card Industry Data Security Standards (PCI-DSS) Level One Service Provider. InstaMed is also fully accredited by the Electronic Healthcare Network Accreditation Commission (EHNAC) as a healthcare clearinghouse. Visit InstaMed on the web at www.instamed.com.

Practice Development Strategies Contact:
Chris Burns
President of Practice Development Strategies
chris@pdsmedical.com
(619) 757-2200

InstaMed Contact:
Jillian Longpre
InstaMed Public Relations
jillian.longpre@instamed.com
(215) 789-3685