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VITALSIGNSMD PROVIDES PHYSICIAN GROUPS WITH INNOVATIVE
WEB INTERFACE, TRANSPARENCY IN THIRD-PARTY BILLING
Dateline: July 11, 2006 ... Athens, GA
Contact Name: Rick Pettigrew, Chuck Pettigrew
Contact Phone: (866) 812-5111
E-Mail: info@pettigrewmedical.com
Web Address: http://www.pettigrewmedical.com
ATHENS, GA - July 11, 2006 - Pettigrew Medical Business Services
today announced the launch of VitalSignsMD
(http://www.pettigrewmedical.com), an innovative third-party billing
system for hospital-based physician groups that provides
physicians with complete billing transparency. "We've taken what
has historically been a cumbersome process and have applied
cutting edge technology to give physicians an intuitive, Web-
based interface and real-time data about every aspect of the
billing cycle," said Rick Pettigrew, President of Pettigrew
Medical Business Services. "In essence, we've taken what has
traditionally been the black box of third-party billing and
transformed it into a glass house."
In the process, VitalSignsMD gives the principal owners of
practices actionable metrics to maximize reimbursements. "All too
often, poor documentation can lead to a physician not receiving
the full reimbursement to which he is entitled. Because an owner
can go online and see both the actual charts and the billing
codes applied by professional coders, he can give the physicians
in his group immediate feedback regarding their documentation
procedures," said Pettigrew. Similarly, charts with missing
elements are isolated and easily tracked until completion, and
accounts receivable are easily managed, resulting in fewer
delinquencies. "With VitalSignsMD, the practice manager can keep
his finger on the pulse of his business while optimizing revenue
potential and being better able to predict cash flow."
The foundation of VitalSignsMD is its innovation in scanning and
electronically transmitting paper-based patient charts. "We have
scanners and staff members right there in the hospitals. Staff
members scan and transmit patient charts, and our proprietary
software pulls data out of the charts and into the billing
software," said Pettigrew. For these reasons, VitalSignsMD can
perform coding and billing functions for between six and seven
dollars per chart, rather than the marketplace median of eleven
dollars per chart. This translates into tremendous savings for
physician practices.
VitalSignsMD also breaks the traditional third-party billing
model with its intuitive web interface that allows physicians and
owners to access an extraordinary amount of information - all of
which is HIPPA-compliant, encrypted, and secure. With Calendar
View, the billing status of charts can be viewed by day or month.
Data can be viewed for the entire practice or for a single
physician. Likewise, a specific patient's actual chart can be
reviewed, as can the patient's insurance coverage details.
Importantly, physicians and owners can see the details of the
codes applied to the charts by VitalSignsMD's certified
professional coders. This feedback can spur the physicians to
improve documentation for maximum reimbursement. "The real-time
accounting feature allows principals to see the exact status of
our reimbursement efforts and where their money is," said
Pettigrew.
VitalSignsMD also provides a variety of reports and charts that
give owners critical information about their practices.
"Productivity graphs can compare levels of service, procedures,
or other parameters of one provider to those of the rest of the
practice." Concluded Pettigrew, "VitalSignsMD helps owners
monitor their practices and optimize their reimbursements. We
take the mystery and high costs out of third-party billing, and
let the physicians focus on practicing medicine."
For more information or to schedule and interview with President
Rick Pettigrew, call (866) 812-5111 or email:
info@pettigrewmedical.com or visit the company's website at:
http://www.pettigrewmedical.com
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