ChargeMD was conceived to prepare the healthcare industry for what is coming 24-48 months our while addressing a real and present problem today.
Before we even go into what it does, here are key drivers that led us to create ChargeMD:
1. Tremendous acceleration in physician practice acquisitions by hospitals
Some of them specialty-focused for reimbursement reasons – e.g., cardiology, others are partnerships – e.g., ASCs, many drivers, but same result
2. And we would be remiss if we did not talk about reform – whether the act stays or not, change is here!
Value not volume will pay in the future
The Next 48 months seem even more turbulent ->
4 in 5 new graduates do not want to start a private practice – welcome to fewer, larger independent practices
Exceptions – plastic surgery, dentistry – mostly non-managed care specialties
Advent of profit sharing agreements, 501 (c), JVs, etc.
The end result –
Healthcare will evolve to work in one large tight-knitted team with somewhat common goals, fixed payment, etc.
Not quite a melting pot, but a salad with dressing tying it together?
ChargeMD seeks to provide value to all stake holders by solving an existing problem for today even as we address key challenges that are 24 months out on the horizon.
Charge capture today takes too long and is often inaccurate. Communication when there are clarifications needed takes days, further lengthening the revenue cycle.
Whether billing is done within the practice or is outsourced, you need a charge capture solution that addresses today’s challenges.
ChargeMD enables you to record charges and have them sync in real-time with your billing department via your iPad, smart phone, laptop, or desktop for fast and accurate billing, anywhere and anytime.
The platform builds an incredibly flexible mobile-health platform to leverage as other healthcare changes come to us.