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Physicians' Choice Leverages InstaMed's Integrated Platform for Healthcare Payment & Clearinghouse Solutions
Date:5/6/2009

WOODLAND HILLS, Calif. and PHILADELPHIA, May 6 /PRNewswire/ -- Physicians' Choice, a medical billing service focused on the emergency room physician market, has successfully implemented InstaMed's single, integrated healthcare payments platform, which includes both payment and clearinghouse solutions. As healthcare providers and their billing partners experience increased pressure to collect from payers and patients, InstaMed's solutions are delivering new value to the revenue cycle by accelerating payments and reducing operational overhead by providing increased automation and efficiency.

Billing services like Physicians' Choice continually search for ways to increase patient collections for their provider clients, while also reining in operational burdens related to self-pay collections. By deploying the InstaMed Patient Payment Portal, Physicians' Choice has reduced collection, posting and reconciliation costs and time while increasing patient satisfaction by giving patients more flexible payment options through payment plans and online bill payments. To date, Physicians' Choice has increased patient collections while saving over 44 hours per month - time which is now being redirected towards higher value activities.

Physicians' Choice has also benefitted from implementing InstaMed's clearinghouse solutions, which have accelerated payer responses and payments, while reducing the work effort spent on claims follow up. To date, Physicians' Choice is experiencing responses up to 90% faster than those from previous clearinghouses, which expedites payer reimbursements and increases efficiency around claims follow up and troubleshooting.

"InstaMed's integrated solution gives our staff one solution to manage patient and payer payments," stated Jonathan Sturm, Vice President at Physicians' Choice. "Getting paid in healthcare is a very detail oriented process and being able to rely on a unified tec
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SOURCE InstaMed
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