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FOR IMMEDIATE RELEASE
October 24, 2002
Contact: Christina Stoever, KPS|3, 775.686.7403, Christina@kps3.com
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Missed Revenues A Thing Of The Past: New Service
Puts Physicians
And Practice Managers In Charge
modeMD Hospital launches nationally – new service streamlines
and enhances inpatient charge capture making physicians and practices more
profitable, improving patient care
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Las Vegas, Nevada – October 24, 2002— Physicians
and their practice managers have a new tool at hand to increase profitability,
streamline the charge capture process and improve patient care: modeMD Hospital.
modeMD Hospital is positioned to assist the inpatient medical industry in
recouping some $25 billion in missed revenues annually. Industry surveys
indicate up to 30% of doctors’ claims are filed with errors, and nearly 15%
get lost, resulting in $35,000 to $100,000 in unpaid claims per doctor
per year
The modeMD service,
launching October 27th at the Medical Group Management Association national
conference in Las Vegas, has received rave reviews from both physicians and
their practice management staff. Myron Gomez, M.D., Director of Trauma said,
"modeMD Hospital is invaluable in organizing my clinical day; it’s the best
tool I’ve encountered in capturing charges for billing."
Damon Zavala, M.D.,
Internal Medicine Hospitalist said, "modeMD Hospital makes my life easy –
saves time and makes me more efficient – and eliminates paperwork!" Dr. Adi
Bhargava, M.D., Primary Care Internist said, "modeMD Hospital is immensely
valuable and very easy to use –my morning hospital rounds flow much more smoothly."
With the modeMD Hospital
service, physicians click through patient billing charts using a personal
digital assistant (PDA) to record and capture billing information during a
patient consultation. The information is then simply uploaded via the touch
of a button on the PDA cradle to the modeMD datacenter where practice managers
or billing staff retrieve the ready coded, readable, complete information
to process billings faster and more accurately than ever before.
"The service is designed
to allow physicians to spend more time with their patients, not more time
with their paperwork," said Roy Graham, modeMD president and CEO. "The result
is improved patient care, enhanced profits for the practice and better record
keeping, making the practice as a whole more efficient."
For use in the inpatient
physician's practice where billing/coding has a larger margin for error, modeMD
Hospital puts the physician in charge. For multiple physician practices,
the service provides greater accuracy and record transmission between physicians:
patient data can be beamed from PDA to PDA, downloaded by office staff or
delivered to relief physicians via email. "Easy. That's the best part of
the modeMD Hospital program," Dr. Gomez said.
About modeMD
Focused on delivering
services to doctors that saves time, improves quality of life and enhances
billings and profits, modeMD products help to improve the overall quality
of medical care. Using a PDA application, the modeMD service enables doctors
to record patient diagnostic and treatment at point-of-care, and then transmit
this information accurately, securely and rapidly to their practice office
through the modeMD Datacenter. The integrated service also allows a doctor
to electronically transfer key patient information to a cross-covering doctor
saving both physicians time and ensuring accuracy of patient care information.
For more information please visit
www.modeMD.com.
For more information
on modeMD, please contact Christina Stoever at 775.686.7403 or
visit www.modeMD.com.
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Hospital Launch Release