MedCo Services and HealthQRS Announce Strategic Partnership Allowing Healthcare Providers to Offer a Consumer Experience to Patients.
Chicago, IL- MedCo Services, Inc., a leader in Revenue Cycle Management, announced today at Becker's Hospital Review 5th Annual Health IT + Revenue Cycle Conference its strategic partnership with HealthQRS.
HealthQRS’ founders were the former founders of nTelagent, the first holistic retail application for point-of-service healthcare. HealthQRS was founded to create a retail healthcare platform that addresses the needs of all stakeholders in healthcare: consumers, providers, payers as well as government. HealthQRS’ retail platform allows for an “Amazon-like” shopping experience for consumers.
As part of the partnership, MedCo will provide sales and marketing as well as customer service and helpdesk support. The partnership will combine two highly proven revenue cycle companies intending to provide both providers and patients cutting edge technology and world class support. “Since day one we have been an IT-centric company. A couple of years ago we recognized the need to be more consumer-focused as the healthcare industry transitions. “We began looking for an IT solution that could complement our existing Pre-Services service line offerings. HealthQRS does that and so much more. We are excited to partner with HeatlhQRS and this industry changing product,” says Joe Uptain, president and CEO of MedCo.
The HealthQRS solution offers an entire online retail experience with one, easy-to-use platform. In fact, HealthQRS developed the only complete e-commerce platform for healthcare on the market. Consumers use a HealthQRS app to schedule their own appointments from their smart phones and can see actual out-of-pocket expenses before they schedule. The platform has many other modules, including scheduling, pre-registration, eligibility, verification, price estimation, charity, check-in, referral management, patient tracking and more.
“In today’s healthcare environment, providers are being mandated to provide pricing transparency and operate on smaller margins than ever before. Patients on the other hand, are being forced to become consumers of healthcare due to high insurance plan deductibles. The HealthQRS platform allows providers to operate more efficiently while providing an Amazon-type experience for the patient. Our goal is a win-win for all parties,” says Earl Winter, President of HealthQRS.
Headquartered in Huntsville, AL, MedCo has over 25 years of experience providing world-class customer service and higher than standard performance in the healthcare revenue space. MedCo is a technology based RCM company with particular areas of expertise in Patient Access, Early Out, Bad Debt, AR improvement and Lost Revenue recovery. The company boasts many long term clients as proof of performance in the industry.
HealthQRS was founded to provide a retail platform to address consumerism in healthcare that includes patient payment, navigation and engagement. The platform ensures pricing transparency for patients and helps service providers collect the patient’s financial responsibility in a consumer-friendly fashion which increases revenue and cash flow while reducing bad debt. HealthQRS provides a scalable and customizable cloud-based platform that seamlessly integrates into retail patient processes and systems. The solution is so much more than revenue-cycle management. HealthQRS can be used as a marketing tool for providers because no one else is offering a full-scale retail experience for consumers in healthcare. HealthQRS makes the entire retail process of healthcare easy for all stakeholders such as consumers, employers, employees and payers.
For more information visit www.medcoservices.com and www.healthqrs.com
To register for an upcoming HealthQRS webinar visit
https://register.gotowebinar.com/rt/3649897419894614797 or call 1-844-528-4338.
MedCo is excited to announce that Greg Wilder will lead the Sales team! Greg will fill the slot vacated by Wallace Harmening’s recent promotion to Chief Revenue Officer.
Greg has over 25 years of sales, management, business development and executive leadership experience in the Healthcare Industry. The majority of his career has been focused on providing solutions and services with an emphasis on revenue cycle management applications. He has held various leadership roles in both large fortune 500 corporations and small start-up ventures; as well as having extensive experience in developing strong client and strategic partner relationships. “When Greg joined our team we envisioned this day. Our explosive growth over the past 18 months has allowed us to fast track this move. We look forward to continued growth under Greg's leadership” says Harmening.
Greg has a BA from Lipscomb University in Nashville, TN and currently resides in Brentwood, TN with his wife Dana.
During the recent 25th Anniversary celebration, MedCo announced Brandy Simpson has been promoted to Vice President of Revenue Optimization.
"I am so proud of Brandy" says Joe Uptain, MedCo President and CEO. "One of my favorite characteristics about MedCo is how many employees who have previously left for education or other opportunities always find their way back. I hired Brandy about 15 years ago to assist us with answering the telephone. After moving up the ladder to the position of Client Services Manager, she received an opportunity to work for a health facility that would help expand her knowledge in the revenue cycle area, while attending college. Through her dedication, intelligence and perseverance; Brandy found her way back to MedCo in 2017 with her degree and a wealth of experience and knowledge. We are so excited to have her back as a part of our team and our vision to Exceed Expectations as a Revenue Cycle Management company."
Please join us in congratulating Brandy on her new role!
During the recent 25th Anniversary celebration, MedCo announced Terri Edger has been promoted to Vice President of Operations. Terri previously served as Director of Call Center Operations. During her 5+ years with MedCo, she has also held the Director of Client Services role as well as others.
"As our company has grown from one to many over the last 25 years we have continually adapted and evolved to maintain our core values and objectives. During this time we have been fortunate to have outstanding people that help us achieve our goals. Terri Edger has been an integral piece of our organization and we are thrilled to extend her proven leadership to other parts of the company during this exciting time of growth for our company. Terri is committed to excellence" says Joe Uptain, MedCo President and CEO.
Please join us in congratulating Terri on her well deserved promotion!
It’s a proven fact that ice and snow will shut down most parts of the southern United States. This scenario has played out once again over the last couple of days in Alabama, with one exception… MedCo Services.
MedCo, who offers extended business office services for hospitals and physicians groups, implemented its Winter Inclement Weather policy and continued to support its clients just like any other day.
As an Early Out vendor, we are an extension of the hospital. “A patient in South Florida would not understand why snow had closed the business office when there is no snow anywhere near them,” says Vice President of Sales Wallace Harmening. “Operationally, we have to ensure that our company opens no matter what, so we developed our Winter Inclement Weather policy. Team members from each department are on call each week. If the policy is implemented, on call team members work during the day and are housed in two local hotels at night. All meals are provided and dress codes are relaxed somewhat.”
On call team members remain with us until the weather situation has passed. During this time, additional team members who are able to commute safely work their regular or abbreviated schedules, depending on road conditions.
“We’re so appreciative of the commitment and sacrifices that our MedCo team demonstrates in an effort to Exceed Expectations” says CEO Joe Uptain. “While receiving snow in Alabama is a rare occurrence, our team’s dedication to the cause is the norm.”
Wow how time flies! Hard to believe 2018 is over!
It has been yet another wild ride in the healthcare industry, but that is nothing new. Our industry has always ebbed and flowed, changed and changed back and evolved at a break neck pace. This past year was no exception and I am proud to say that our nimbleness, willingness to adapt, and ability to innovate has kept us growing and reaching new heights. Something I've noticed the past twelve to eighteen months is the main items that drive our industry's erratic behavior (shrinking reimbursement, consumer demands, employee stress, etc) are causing a severe lack of planning and thus knee jerk decision making; in turn, perpetuating changes in operational work flows, systems, people and philosophies. Without proper planning, you could be changing a good thing. This reminds me of a quote from the legendary coach Paul "Bear" Bryant.
"Have a plan. Follow the plan, and you'll be surprised how successful you can be."
Obviously, having a well thought out plan is pertinent in being successful. However, it does not matter how well it was prepared if it is not followed. As of late, many in the healthcare industry abandon their plan or do not hold themselves accountable to follow a plan and inevitably go backwards. If you decide on how to solve a problem or handle a portion of your business and you take the time to implement a thorough plan of attack you must follow your plan. There could be industry changes or peaks and valleys that will require tweaking your plan; however, you still follow the fundamentals of your plan.
In our LEAN environment, we are continually tweaking our operations to better suit the industry needs, sign of the times, or take advantage of emerging technology. In 2018 our Early Out service added our "Go Green" functionality to allow patients to receive their billing electronically. Additionally, our software development team added a user friendly text bill delivery and payment option. In our Pre-Services division we implemented text notifications to prompt patients that information is needed prior to their visit and they will be receiving a telephone call from us soon. This tremendously spiked our "answer rate". These are just a few tweaks that we felt necessary to keep up with industry changes and consumer demands. However, we did not change our plan. We’re still the same.
In 2019 we plan to continue to tweak, improve and expand the services we provide. We are so excited to be working on things like simultaneous EOMB/Patient Statement delivery, a Cadillac class program for Zero Balance review and contract modeling and many more technological advances that allows us to bring innovation, people-development, and problem-solving to those we serve. Through it all, we will continue to follow the fundamentals of our plan by developing trust and loyalty and enhancing the lives of others.
We have been in business for over 24 years and there have certainly been peaks and valleys along the way, but along with that there has been tremendous excitement and perseverance. I can tell you with zero hesitation that I have never been more excited about an upcoming year. We have been blessed to assemble a top notch team that works as one unit towards our goal by following our plan. 2019, our 25th year, will be our greatest year yet and all because we continue to stick to the plan.
Happy New Year!
Healthcare finance is no longer primarily a B2B transaction. With patients moving into the role of one of the largest payors, now is the time to focus on the patient experience and patient-facing technology.
All patients are consumers today: They are accustomed to having information at their fingertips, while considering how they will spend their money. As patients become more proactive in the management of their health and treatment, ease of accessing information will become more critical to the health of the provider.
MedCo can help plan your consumer experience with patient-facing technology. Our Medical Marketplace application for smart phones and tablets allows a patient to:
While providing the patient with a great consumer experience, Providers can:
To learn more about how Medical Marketplace can help you with your patient’s consumer experience, please take a moment to view the short video below, then contact us at 1-844-528-4338 or email@example.com to schedule a presentation today.