iVolution Medical Systems, a West Hampton, NY-based health care systems firm, is taking a different approach. The four-year-old company, started by former Wall Street consultants to the health care industry, entered the medical receivables space by acquiring experienced billing and collections companies. First there was Professional Health care Billing Services (PHB) of Palm Springs, California in March, and then Continental Collection Services of New York, earlier this month (iVolution Medical Systems Acquires Continental Collection Services, May 13).
Despite the regulatory perplexity surrounding the health care industry, iVolution co-chair and chief financial officer Vince Pipia told insideARM that the medical billing and collection industry is ripe for consolidation. We think (medical billing and collections businesses) are all good cash generators, and they have a coveted relationship with physicians, Pipia said.
Distinctively, its that relationship that Pipia wants to benefit from to provide combined billing and collections services to health care providers as they transition to health care information systems. Electronic medical records, billing, e-prescriptions and instant messaging are amidst the solutions offered by the company. Our goal is to build and grow medical billing to cross-sell technology.
In the year since iVolution introduced its products to the market, Pipia said some of iVolutions technology is gaining recognition among its pediatricians. Likewise, iVolutions billing and collections clients are appreciating the benefits of its free instant message technology.
Since conversion to electronic medical records was titled as the one change that the entire health care industry agrees can boost efficiencies and lower costs, dozens of companies have been working to develop technology solutions. Still, only 8 % of health care providers operate fully functioning electronic medical record systems, Pipia said.
Most EMR (electronic medical records) are expensive, Pipia said. Analyst Michael Klozotsky said he expects more ARM industry consolidations and acquisitions as some company owners look to leave the business to avoid regulatory changes that will come with health reform. However, the health industrys aspiration to use more health information technology and the Obama administrations commitment to helping fund the transition leaves plenty of opportunity for companies that can help health care providers comply with new technology mandates, he said.
Rapid Recovery Solution is a commercial debt collection company.
Tags: commercial collection, Health, debt collection quotes, collection agency, sample collection letterFiled under: Health
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When 3 rang you, did you get the name of this guy that rang you supposedly from 3?
If so, go back to him and tell him that you wanna cancel your contracts with them and to stop the debt recovery agency from calling you.
To be honest I was in the same boat and I had the same problems with 3 too and I also had the debt recovery people on the phone to me too but they were saying to me I owed them for the cost of the phones and court costs as well and the money was still going thru my account and the debt recovery agency said that they have been instructed to get the full amount owing to the phone company.
I then rang 3 and played hell with them I had to write too them explaining what had happened and then eventually after 1 month cos I was onto the managers backs all the time and then they agreed that it was a bogus call so I got the contract cancelled and then got a credit to the account even thou the debt collectors were still after me I kept on telling them that I had sorted it out and 3 rang them and told them that the account had been closed.
But in the long run it was a month or so for me to get it sorted out but it was worth it.
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Don't pay anything since the seven years have started. If you pay a little at a time the seven years will begin on the "date of last activity". So, for example, if you pay on it for two years and then pay it off then it will be seven years from when you paid it off or 2017!
But then you have to worry if they are going to court to get a judgment. That judgment will be on for seven years depending on the state in which you live. Then they may be able to renew the judgment for up to ten years from the first judgment. Then the debt will be on your credit report until 2018! If you don't pay this debt it then look out for that judgment!
RT The trouble with our national politicians is that their reality check bounced!!!!
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Obama had the rig blown to pass the energy bill. He can blame the oil disaster on the republicans and maybe save his presidency. The problem is he is to detached and cool and Americans don’t like it. We are burning and he is a poor leader. This oil spill could be his demise.