First to Market With a Lead Sharing Program for Participating Billing Service Partners
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
"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:
AdvancedMD Resources:
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.
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Media Contact:
Jan Wiedrick-Kozlowski
Activa PR
(585) 392-7878