Lahey Clinic, Inc. Selects PMMC Physician Pro
Preferred Medical Marketing Corporation (PMMC) announced that Burlington, Massachusetts based Lahey Clinic, Inc. has signed an agreement to incorporate PMMC Physician PRO to help with maintenance of its contractual agreements with payers.
Charlotte, NC, November 15, 2008 --(PR.com)-- Preferred Medical Marketing Corporation (PMMC), a leading provider of reimbursement monitoring systems, announced that Burlington, Massachusetts based Lahey Clinic, Inc. has signed an agreement to incorporate PMMC Physician PRO to help with maintenance of its contractual agreements with payers.
PMMC Physician PRO software assists provider organizations in monitoring the terms of third party payer contracts thereby granting physician groups the ability to review their patient claims against payer reimbursement to assess the accuracy of payments received. This application helps identify underpayments, improve overall contract performance, and enable business process improvements.
Lahey Clinic, Inc., a physician-led, non-profit organization was founded in 1923 and provides the Burlington, MA region with 450 physicians, 4,000 nurses and other support staff who work together to provide “compassionate care and superior patient outcomes.” The Clinic’s multidisciplinary approach allows patient’s access to preeminent physicians from virtually every medical specialty, who cooperate to develop personalized treatment plans for each patient. With two ambulatory care hospitals, Lahey Clinic Medical Center in Burlington and Lahey Clinic Medical Center - North Shore in Peabody, Lahey Clinic, Inc. has become a market leader in New England serving over 3,800 patients daily. Lahey Clinic Medical Center serves as a teaching hospital for Tufts University and many of the group’s physicians teach at Harvard Medical School and Boston University School of Medicine. With a focus on advanced medical practices in a variety of specialties, the physicians at Lahey Clinic continue to pioneer a unique and successful approach to medicine.
Michael Gill, Senior Vice President, Revenue Finance at the Lahey Clinic said, “With the ever increasing challenges of understanding the uniqueness of each payers physician fee schedule payment methodology, Lahey Clinic felt the need to partner with a leader in the Physician Contract Management field to ensure the payments received for the professional services provided mirrored the contracts terms. After looking at multiple vendors, Lahey Clinic Inc, decided to select PMMC. Members of the selection team at Lahey Clinic, Inc. were very impressed with all aspects of the PMMC presentation. PMMC’s staff was extremely knowledgeable about PMMC Physician PRO and provided an impressive demonstration to the benefits of the PMMC Physician PRO Product. The ability of a large physician group practice, such as Lahey Clinic, Inc. to review their specific patient claims against the expected payer reimbursement, therefore ensuring the accuracy of the payments received, is critical. In addition to optimizing professional revenue, PMMC Physician PRO will assist Lahey Clinic, Inc. with individual payer contract negotiations, as it provides the ability to model specific payer reimbursement rates against other payers. This will provide much needed information with individual payer contract negotiations.”
Cyndi Davis, Vice President of PMMC Physician PRO services said, “PMMC is excited to work with the Lahey Clinic, Inc. to improve their revenue cycle by adding PMMC Physician PRO to their current work flow. Giving our clients the ability to monitor payer contract performance, identify payment issues, and pursue claim appeal opportunities in an efficient manner is always our top priority. We feel strongly that the Lahey Clinic will be poised to leverage their financial resources by developing a better understanding of what they are being reimbursed and utilize those findings to strengthen payer relationships by developing a cohesive and thoughtful process for claims submission based on the contractual reimbursement terms.”
PMMC, headquartered in Charlotte, NC, is a Microsoft-certified software development and consulting company for more than 300 hospitals and 10,000 physician clients. Founded in 1986, PMMC offers innovative financial applications for providers to cope with managed care and payer reimbursement. For more information, contact Greg Kay, (704) 543-8103, or go to www.pmmconline.com.
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PMMC Physician PRO software assists provider organizations in monitoring the terms of third party payer contracts thereby granting physician groups the ability to review their patient claims against payer reimbursement to assess the accuracy of payments received. This application helps identify underpayments, improve overall contract performance, and enable business process improvements.
Lahey Clinic, Inc., a physician-led, non-profit organization was founded in 1923 and provides the Burlington, MA region with 450 physicians, 4,000 nurses and other support staff who work together to provide “compassionate care and superior patient outcomes.” The Clinic’s multidisciplinary approach allows patient’s access to preeminent physicians from virtually every medical specialty, who cooperate to develop personalized treatment plans for each patient. With two ambulatory care hospitals, Lahey Clinic Medical Center in Burlington and Lahey Clinic Medical Center - North Shore in Peabody, Lahey Clinic, Inc. has become a market leader in New England serving over 3,800 patients daily. Lahey Clinic Medical Center serves as a teaching hospital for Tufts University and many of the group’s physicians teach at Harvard Medical School and Boston University School of Medicine. With a focus on advanced medical practices in a variety of specialties, the physicians at Lahey Clinic continue to pioneer a unique and successful approach to medicine.
Michael Gill, Senior Vice President, Revenue Finance at the Lahey Clinic said, “With the ever increasing challenges of understanding the uniqueness of each payers physician fee schedule payment methodology, Lahey Clinic felt the need to partner with a leader in the Physician Contract Management field to ensure the payments received for the professional services provided mirrored the contracts terms. After looking at multiple vendors, Lahey Clinic Inc, decided to select PMMC. Members of the selection team at Lahey Clinic, Inc. were very impressed with all aspects of the PMMC presentation. PMMC’s staff was extremely knowledgeable about PMMC Physician PRO and provided an impressive demonstration to the benefits of the PMMC Physician PRO Product. The ability of a large physician group practice, such as Lahey Clinic, Inc. to review their specific patient claims against the expected payer reimbursement, therefore ensuring the accuracy of the payments received, is critical. In addition to optimizing professional revenue, PMMC Physician PRO will assist Lahey Clinic, Inc. with individual payer contract negotiations, as it provides the ability to model specific payer reimbursement rates against other payers. This will provide much needed information with individual payer contract negotiations.”
Cyndi Davis, Vice President of PMMC Physician PRO services said, “PMMC is excited to work with the Lahey Clinic, Inc. to improve their revenue cycle by adding PMMC Physician PRO to their current work flow. Giving our clients the ability to monitor payer contract performance, identify payment issues, and pursue claim appeal opportunities in an efficient manner is always our top priority. We feel strongly that the Lahey Clinic will be poised to leverage their financial resources by developing a better understanding of what they are being reimbursed and utilize those findings to strengthen payer relationships by developing a cohesive and thoughtful process for claims submission based on the contractual reimbursement terms.”
PMMC, headquartered in Charlotte, NC, is a Microsoft-certified software development and consulting company for more than 300 hospitals and 10,000 physician clients. Founded in 1986, PMMC offers innovative financial applications for providers to cope with managed care and payer reimbursement. For more information, contact Greg Kay, (704) 543-8103, or go to www.pmmconline.com.
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Contact
Preferred Medical Marketing Corporation
Greg Kay
704-543-8103
www.PMMConline.com
Greg Kay
704-543-8103
www.PMMConline.com
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