Newsletter ArticlesHIS will improve physician's profitability

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AN OFFER DIFFICULT TO REFUSE:

HIS guarantees reimbursement increase for new clients

HIS has an excellent track record in successfully increasing reimbursement for its clients. In addition, HIS CEO David J. Wold sees the company as an invaluable resource to physicians during a difficult economic time.

“There is so much uncertainty with health care reform and the economy,” Wold observes. “HIS can provide the leadership, knowledge and industry experience to help physicians crystallize what they want to do with their medical practice and help them chart the course to continued success.”

HIS is even willing to guarantee a 5 percent or more reimbursement increase over two years for new physician group clients. If HIS can’t accomplish this goal, it will pay the client up to $250,000, depending on the size of the practice. To increase reimbursement, HIS uses a variety of revenue cycle management strategies – such as renegotiated contracts with payers, improved collections and cleaner claims.

To determine the baseline for the reimbursement measurement, HIS will divide total annual reimbursements by the total number of procedures at the beginning of a relationship with a new client. The sum – average reimbursement per procedure – will be compared to the new figure two years later, he says.

“We are confident we can increase a practice’s reimbursement, despite all the miserable things that are happening in the economy. We are putting our money where our mouth is,” Wold states.