San Diego Heart and Vascular Group selects PhySource Solutions for Revenue Cycle Management Services

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) May 25, 2010 -- FOR IMMEDIATE RELEASE

San Diego Heart and Vascular Group of San Diego Selects PhySource Solutions
For Revenue Cycle Management Services

San Diego, CA, April 30, 2010 – PhySource Solutions™ the premier provider of medical billing services and coding services for cardiologists, cardiothoracic and EP studies, nationally announces that San Diego Heart and Vascular Group, a highly regarded group of seven cardiologists, has selected the company to provide revenue cycle management services for their growing practice.

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San Diego Heart and Vascular Group selects PhySource Solutions for Revenue Cycle Management Services

Welcome visit Our WebSite:

http://www.physourcesolutions.com

PhySource Solutions offer an integrated service; medical coding, medical billing, and claims denial management. They are revolutionizing the concept of the role of medical billing and incorporate a combination of providing front-end training to office staff, utilization of certified coders proficient in specialty areas, and a focus on MGMA best practice benchmarks.

PhySource Solutions is making a difference for its clients. Adhering to MGMA best practice benchmarks and leveraging strong billing platform technology from AdvancedMD, PhySource Solutions is able to deliver a clean claims submission rate of 98%, on average, to its client base, a statistic that positively impacts a physician’s ability to remain financially healthy. As a result, most clients experience an immediate reduction of front end claims denials after partnering with PhySource Solutions. “The reason we choose to work with PhySource Solutions is because of your specialization in cardiology. What I am hearing from my associates is that your company does an outstanding job at revenue cycle management. We can’t wait to get started,” said Mary Aughenbaugh practice administrator for the seven group cardiologist. Similar Physource Solutions clients have historically seen immediate improvement in their revenue collections in the range of 10% to 15%.

As with any business, medical practices must generate revenue to survive. The statistics are startling. In an article published by McKinsey & Company, “Overhauling the US health care payment system,” June 2007, it was estimated that “of the over five billion claims processed per year in the US, 50% of rejected claims are never resubmitted. 15% of all medical claims submitted never get re-submitted after initial rejection for payment!

Said President and CEO Patricia Rosbrook, “All the practices we hear from are greatly concerned about the year-over-year reductions in Medicare payments. Although recently postponed, the possibility of an additional 21% cut in Medicare reimbursement could very well occur in the near future. We realize our customers place their trust in us to maintain profitability for their practice. In today’s healthcare climate, this is a responsibility we take very seriously and deliver on month-after-month!”

Contact Information:

General Contact

Zina Kacha V.P. Business Development

888-423-8904 zkacha@physourcesolutions.com

5520 Ruffin Rd #203 San Diego, CA 92123

More information can be found online at http://www.physourcesolutions.com

medical billing services     PhySource Solutions     Revenue Cycle Management