SALT LAKE CITY, UT--(Marketwire - July 13, 2010) - AdvancedMD® Software, Inc., a leader in software-as-a-service (SaaS) electronic health record (EHR) and revenue cycle management (RCM) automation solutions designed to optimize the operations of a medical practice, today announced the launch of the AdvancedBiller™ program, the company's first partner channel program, designed to accelerate the growth of participating third-party medical billing companies.
The AdvancedBiller program provides a framework for delivering sales and marketing support to qualified third party billing companies that are generating revenue on the AdvancedMD SaaS-based medical billing platform. The program offers several levels of participation, enabling billing services to differentiate their operational experience and expertise to their client base and prospects. Currently, more than 300 medical billing service partners operate on the AdvancedMD platform. By the end of 2010, the company expects to have at least a third or more of its billing service partners participating in the AdvancedBiller program.
"The AdvancedBiller program produced results for me immediately," said Monty Miller, co-owner of San Diego-based Momentum Billing. "In May we received a lead and nine days later it became a sale." Momentum co-owner Michelle Hatten, who manages the billing teams and the company's 15 providers, has 10 years of professional billing services experience. The company has been an AdvancedMD billing partner since 2007.
AdvancedBiller Program Benefits for Medical Billing Services
- Lead sharing -- AdvancedMD expends its resources to generate physician practice leads interested in outsourcing their billing functions to a third-party billing service.
- Sales support -- AdvancedMD Billing Services team members work with new and existing billing partners to help them close new business through the use of product demonstrations and other sales support functions.
- Marketing support -- AdvancedMD helps its AdvancedBiller participants conduct educational webinars, apply nurture marketing techniques to their lead databases, and create case studies and press releases featuring their business and client base.
- Annual customer satisfaction survey -- AdvancedMD has created a complete satisfaction survey process based on the NetPromoter methodology. This survey is designed to be delivered to the clients of participating AdvancedBillers in a turnkey package, with benchmark rankings shared across all participating partners.
- Access to SaaS technology that supports a pay-as-you-grow strategy, enabling billing partners to add or terminate new client subscriptions as their business needs change; plus automation features that improve margins and make billing professionals more productive.
- Access to an integrated clinical / revenue management solution that enables billing partners to retain and strengthen their business relationship with their medical clients.
"AdvancedMD is fortunate to be working with an experienced, proven group of billing service companies based across the U.S.," said Bill Stone, Vice President and General Manager, Billing Services Partner Division, AdvancedMD. "As a result, we are uniquely positioned to effectively and intelligently match physicians seeking quality third party billing services with our network of AdvancedBiller participants. Our lead sharing program is one of the many reasons why we believe the AdvancedBiller program will accelerate the growth of participating billing partners. Additionally, we enable partner success with a state-of-the-art SaaS application that optimizes their client physician practices. The contribution of the billing services division to the overall growth and client-base of AdvancedMD is substantial. As of March 31, 2010, AdvancedMD had more than 3,800 clients on its medical practice optimization platform, of which more than 50% were AdvancedMD billing partner clients. As a company, we are committed to growing our billing service partner base, not competing with them, and believe this contribution to our bottom line will rapidly increase during the next 12 months."
AdvancedBiller Program Benefits for Physicians
The AdvancedBiller program represents a network of proven and experienced medical billing businesses that offer a wide range of services that address the needs of the private practice or a group of hospital-based physicians. Whether the practice needs advice on how to maximize revenue capture, manage expense, navigate the ever-changing regulatory and compliance landscape, or achieve an effective EHR implementation into their practice workflow, AdvancedBillers are a valuable resource to the physician community.
By visiting www.advancedbiller.com/doc, the busy physician gains access to a quick and effective tool for locating up to three billing services that are matched to the practice's key characteristics. AdvancedBillers offer:
- Experience billing within a specific state
- Experience billing for a wide range of specialties
- Experience billing for a range of practice size and volume
- Ability to offer a range of pricing models and options from which to choose
- Ability to offer medical practice management products that support the clinical and administrative aspects of the practice. The range of paperless practice features include: EHR with customizable encounter and workflow templates, easy-to-train scheduling tools, automated electronic insurance verification, electronic prescribing with accuracy and safety checks, patient portal, and a range of best practices management reports.
AdvancedMD Resources:
- Learn more about AdvancedMD's AdvancedBiller partner program (www.advancedbiller.com)
- Read about Bill Stone, General Manager in charge of the AdvancedBiller program
- Learn about the integrated EHR and Practice Management software
- View the company viability video
About AdvancedMD Software
AdvancedMD provides a market leading Software-as-a-Service (SaaS) electronic health record (EHR) and practice management (PM) software platform delivered to more than 10,000 providers and 300 billing service providers nationwide. As a complete Medical Practice Optimization solution, the product combines the clinical with the financial to improve workflow and revenue capture. The AdvancedMD solution includes a certified EHR, patient portal, scheduling, electronic eligibility verification, electronic prescribing, and mobile access capabilities for the practice, and sophisticated, efficient claims processing, denial tracking and revenue management for the billing professional. Processing more than 1.5M claims per month through its clearinghouse, the company is able to identify payer rule changes quickly and continuously adjust the software to reflect those changes, yielding first-pass claim acceptance rates of 95 percent or better, compared to the national average of 70 percent. For more information, please visit www.advancedmd.com.
Contact Information:
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Media Contact:
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