PranagyMed Expands to Healthcare Business Solutions Suite
PranagyMed, a division of Pranagy Unlimited LLC, expands its services to include medical billing and claims management as well as outsourced medical transcription to meet the demands of improved revenue cycles for health care providers.
Tampa, FL, November 04, 2009 --(PR.com)-- PranagyMed, a leading health care staffing and recruiting firm based in Tampa, Florida has expanded its services to include outsourced medical billing and claims management as well as medical transcription services to meet the demand of its current client needs in administrative cost reduction.
As the American health care industry struggles with the current economic state, many hospitals and clinics are becoming ultimately concerned about revenue cycle management. PranagyMed's nationwide client base for staffing and recruiting services have been inquiring about medical billing and transcription services as they prepare to take these tasks outside of the business office to reduce in-house administrative costs that tend to cost more than the actual revenue received from medical claims and direct payments from non-insured patients.
"Processing medical claims faster and less expensively, as well as documentation processes, is one way to counteract the negative effect the current high rate of uninsured patients have on the revenue of hospitals and clinics," says Monique Marlow, CEO of PranagyMed.
Ms. Marlow began her career working for some of the nation's largest medical billing networks in the U.S. in the early 1990's and moved into health care technology as a senior project manager for companies including WebMd/Emdeon, WellCare, ACS and BlueCross/BlueShield. As the founder of PranagyMed, she brings clients a vast amount of knowledge in streamlining both business and technology processes.
PranagyMed has created a unique system to reduce the cost of medical billing and transcription as well as claim rejection rates, errors and reporting through the use of its claims management software system and dedicated goal-driven service teams and account managers. The primary mission of PranagyMed's new services is to increase on claims by twenty percent and reduce administrative costs by thirty percent compared to the client's current methods.
The company has already proven its ability to provide lower cost staffing and recruiting solutions to its current client base and believes it can further assist the health care industry with the need to cut costs in critical areas that negatively affect the bottom line. PranagyMed's outsourced billing and transcription services assist providers in the following key areas:
Allows providers to focus on patient care and less on business
Reduces claim rejection rates and errors to below 5%
No overtime or employee benefits are paid (PranagyMed teams work holidays and weekends)
No taxes paid on employees and training costs are eliminated
Flat rate for all billing services based on a percentage of collections
Claims are processed faster and paid faster, boosting the revenue cycle
All claims processed meet government compliance
Digital technology (green technology) reduces paperwork costs
PranagyMed keeps current with healthcare reform and will be adaptable to new electronic health record technology
PranagyMed's vision with these benefits is to increase medical practice profits by 45% after the first contract year, helping to stabilize health care costs across the nation and reduce administrative strain on both small and large providers.
About PranagyMed
PranagyMed is a division of Pranagy Unlimited LLC, a healthcare project management consultancy based in Tampa, Florida. PranagyMed was launched as a staffing and recruiting solution for personalized services and cost reduction in connecting health care employers with medical professionals. As an outsourced solution, PranagyMed's mission is to strengthen the backbone of the health care industry with a suite of solutions, including staffing, billing and claims management, and medical transcription services all under one roof, immediately improving revenues and reducing the strain of health care business operations. For more information, visit http://www.pranagymed.com, 888.454.0442 or email info@pranagymed.com. For media contact and to interview Monique Marlow, please call Desiree Bryant at 888.454.0442 ext. 127 or email media@pranagymed.com.
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As the American health care industry struggles with the current economic state, many hospitals and clinics are becoming ultimately concerned about revenue cycle management. PranagyMed's nationwide client base for staffing and recruiting services have been inquiring about medical billing and transcription services as they prepare to take these tasks outside of the business office to reduce in-house administrative costs that tend to cost more than the actual revenue received from medical claims and direct payments from non-insured patients.
"Processing medical claims faster and less expensively, as well as documentation processes, is one way to counteract the negative effect the current high rate of uninsured patients have on the revenue of hospitals and clinics," says Monique Marlow, CEO of PranagyMed.
Ms. Marlow began her career working for some of the nation's largest medical billing networks in the U.S. in the early 1990's and moved into health care technology as a senior project manager for companies including WebMd/Emdeon, WellCare, ACS and BlueCross/BlueShield. As the founder of PranagyMed, she brings clients a vast amount of knowledge in streamlining both business and technology processes.
PranagyMed has created a unique system to reduce the cost of medical billing and transcription as well as claim rejection rates, errors and reporting through the use of its claims management software system and dedicated goal-driven service teams and account managers. The primary mission of PranagyMed's new services is to increase on claims by twenty percent and reduce administrative costs by thirty percent compared to the client's current methods.
The company has already proven its ability to provide lower cost staffing and recruiting solutions to its current client base and believes it can further assist the health care industry with the need to cut costs in critical areas that negatively affect the bottom line. PranagyMed's outsourced billing and transcription services assist providers in the following key areas:
Allows providers to focus on patient care and less on business
Reduces claim rejection rates and errors to below 5%
No overtime or employee benefits are paid (PranagyMed teams work holidays and weekends)
No taxes paid on employees and training costs are eliminated
Flat rate for all billing services based on a percentage of collections
Claims are processed faster and paid faster, boosting the revenue cycle
All claims processed meet government compliance
Digital technology (green technology) reduces paperwork costs
PranagyMed keeps current with healthcare reform and will be adaptable to new electronic health record technology
PranagyMed's vision with these benefits is to increase medical practice profits by 45% after the first contract year, helping to stabilize health care costs across the nation and reduce administrative strain on both small and large providers.
About PranagyMed
PranagyMed is a division of Pranagy Unlimited LLC, a healthcare project management consultancy based in Tampa, Florida. PranagyMed was launched as a staffing and recruiting solution for personalized services and cost reduction in connecting health care employers with medical professionals. As an outsourced solution, PranagyMed's mission is to strengthen the backbone of the health care industry with a suite of solutions, including staffing, billing and claims management, and medical transcription services all under one roof, immediately improving revenues and reducing the strain of health care business operations. For more information, visit http://www.pranagymed.com, 888.454.0442 or email info@pranagymed.com. For media contact and to interview Monique Marlow, please call Desiree Bryant at 888.454.0442 ext. 127 or email media@pranagymed.com.
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PranagyMed
Desiree Bryant
888-454-0442
pranagymed.com
Desiree Bryant
888-454-0442
pranagymed.com
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