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Meet Paul Spencer, Fi-Med’s chief industry blogger

Posted by Lisa Velasquez in Coding and Compliance, Fi-Med News, Fi-Med's Executive Team, Paul Spencer CPC CPC-H

Paul Spencer joined John Hancock Mutual Life Insurance Company as a medical claims approver in 1989 – his work earning him numerous awards, and serving as the foundation for a long and notable career in medical coding and compliance.

In the more than 20 years following, Spencer’s expertise won him job offers in claims analysis, consultation, and coding and compliance supervision at top healthcare organizations like SmithKline Beecham and Aurora Advanced Healthcare – as well as committee appointments for process improvements, planning, and technology quality control. He earned his CPC and CPC-H designations through the American Academy of Professional Coders (AAPC) in 1998. His experience spans the full spectrum of medical billing, from the fine detail of coding and auditing to big-picture policy interpretation and planning.

In 2008, with the finely-tuned, wide-ranging knowledge and experience from those 20 years in tow, Spencer arrived at Fi-Med Management, Inc. to take the helm as Compliance and Denial Management Officer. Quickly recognizing the talent and leadership they had acquired, Fi-Med designated Spencer as the company’s chief industry blogger – helping clients, payors and other medical billing professionals to navigate fast-changing industry regulations. In-depth coverage of topics like electronic medical records, e-prescriptions, documentation, new coding rollouts, and the changing healthcare billing landscape positioned Spencer as a go-to resource for Fi-Med clients and staff.

Challenging in any revenue cycle management firm, Spencer’s work at Fi-Med is doubly demanding in an environment experiencing full-throttle expansion, from organic market growth to strategic acquisitions. When he’s not passing along critical information on the official Fi-Med blog, Spencer is training new coding and compliance personnel, coaching current personnel on industry changes, trouble-shooting client denials and counseling them on best practices to stay one step ahead in the reimbursements arena.

Spencer lives in the Milwaukee area with his wife and son. An accomplished local folk rock singer/songwriter, he’s recorded two albums, plays live at local venues around eastern Wisconsin, and is a co-founder of a Milwaukee songwriters group.

Christine Krause, Vice President

Posted by Lisa Velasquez in Business Awards, Business Owners, Fi-Med News, Fi-Med's Executive Team, In the Press, Mergers and Acquisitions

As Fi-Med’s certified compliance consultant and operations leader, Christine has brought to independent medical practice’s a re-engineered “billing” office, expanding it into the efficient and compliant business management of accounts receivable. Christine worked alongside Adrian Velasquez to form and build Fi-Med Management, Inc. in 1993 with the common vision: aiding independent physicians in increasing profits, reducing compliance risk and creating, and maintaining, a healthy practice.

Christine brings to Fi-Med a unique and powerful blend of healthcare and business experience, along with a double major in accounting and business management at Lakeland College where she graduated magna cum laude. She is a certified compliance consultant and member of the Medical Group Management Association, American College of Healthcare Executives, Healthcare Compliance Resources, and Comprehensive Medical Practice Analysts.

Her contributions to the community include serving on the board of NewCastle Place, Inc., EastCastle Place, Inc. and Milwaukee Protestant Home, Inc. She also volunteers her time as an election official in Elm Grove, WI.

Christine’s Awards & Nominations

Selected to receive “Wisconsin’s 2007 Small Business Person of the Year Award”
Received Certificate of Special Congressional Recognition in recognition of outstanding and invaluable service to the community.
Nominated for Women of Distinction Award
Nominated for Women of Influence Award

Adrian Velasquez, President

Posted by Lisa Velasquez in Business Awards, Business Owners, Fi-Med News, Fi-Med's Executive Team, In the Press, Mergers and Acquisitions

Armed with an extraordinarily successful career in the business of health care, Adrian E. Velasquez has successfully blazed new trails, taken risks, defied the odds, and in 1993 partnered with Christine Krause and formed Fi-Med Management, Inc. Their mission: to bring business acumen and compliance expertise to independent health care providers throughout the United States.

Prior to his work at Fi-Med, Adrian worked with health care providers across the country, mastering all areas of business function and management for medical organizations of all sizes. His previous experience as a system administrator, executive director of a 54-provider medical group, and health care consulting from New York to California formed the foundation that he harnesses today for Fi-Med clients.

Adrian is a member of the Medical Group Management Association and Comprehensive Medical Practice Analysts, and is currently working on enhancements to the paperless accounts receivable environment, further reducing operational costs to independent physicians and clinics.

Adrian’s Awards & Nominations

Selected to receive “Wisconsin’s 2007 Small Business Person of the Year Award”
Received Certificate of Special Congressional Recognition in recognition of outstanding and invaluable service to the community.
Selected to receive Small Business Times Bravo Entrepreneur Award

Richard Usry, CHBME, Senior VP Healthcare Management Systems

Posted by Lisa Velasquez in Fi-Med News, Fi-Med's Executive Team, In the Press, Industry Updates

In 1970, when the rest of his college classmates were taking the stage in cap and gown at Virginia Commonwealth University’s graduation ceremony, Richard Usry was hard at work debugging software in Detroit. Just days before, medical supply industry giant General Medical Corporation had offered Usry a job as Data Processing Manager – an impressive offer for a new graduate and one he says he couldn’t refuse. 

The offer followed others from companies like IBM and ITT in New York, but Usry, newly married at the time, didn’t want to relocate. The opportunity to work with General Medical Corporation’s 11 divisions in Maryland and Virginia came at the right time, on the heels of a fresh degree – a B.S. in business management with an emphasis in computer science– and the preparatory experience of his work during school as a computer operator and programmer assistant for the Federal Reserve Bank in Richmond.

Over the course of his 40-year career, lucrative job offers and opportunities followed, and Usry became sought after in the industry by companies like Medical Data Services, who were implementing similar health care processing systems and needed expertise that at the time was in short supply. Usry built a reputation for speed and precision, developing highly saleable systems in a fraction of the time typically required – once developing a complex prototype from scratch in less than a week. The first system sold within hours of final post-production testing, and Usry went on to close more than $1 million in system sales to hospitals around the country. Later, Usry would be instrumental in the development of one of the first medical billing solutions for physicians using the mini-computer.

Today Usry heads up Healthcare Management Systems (HMS), a software division of medical revenue cycle management firm Fi-Med Management, Inc. HMS software, built to be scalable to medical billing operations of any size, was first put into practice by the University of Virginia Hospital System’s new health services foundation in 1980. Under the direction of the university and Price Waterhouse, Usry and his team customized an HMS software installation to bring the foundation’s members – 270 independent physicians at that time – all under one billing umbrella.

Usry continued to develop and evolve HMS through changing technologies and healthcare regulatory landscapes in the 30 years following, its success attracting the attention of ArborMed Corporation, a medical billing firm led by well-know medical billing veteran Charles Morf. ArborMed purchased Health Management Systems in 2005, and both entities were later acquired by Fi-Med Management, Inc. in 2009.

At Fi-Med, Usry continues to expand HMS nationally, and will be instrumental in developing the company’s growing presence in the radiology market. As part of the executive management team, he’ll help to shape Fi-Med’s future as a leader in the fast-changing healthcare billing and revenue management industry.

Richard Usry is a long-time member of the Healthcare Billing and Management Association (HBMA), involved in numerous committees, including vendor and education. He and his wife, Betty, live in Richmond, Virginia, and have three daughters with successful careers of their own.

Hunger Task Force Food Drive

Posted by Rosa Rodriguez in Community Involvement, Fi-Med News

Those of you who have been with us for a while know that we love our community! In the past, Fi-Med Management, Inc. has participated in programs to help the less fortunate by buying presents for children who otherwise might not have had any for the holidays. This year, Fi-Med’s Special Events Committee has decided to host a food drive for the Hunger Task Force.

Here at Fi-Med, we are very competitive and so we have decided to take advantage of our competitive nature by splitting up the entire office into two teams to see which team can collect the most food items. We will be collecting food until January 25th.

Even though times are tough for all of us, let’s take a moment to consider all the other families that are struggling to put food on their tables and try to find ways that we can help. Below is a list of important facts that concern the Milwaukee area:

Food Facts

  • Each year Hunger Task Force distributes more than 6 million pounds of food to Milwaukee’s hungry.
  • Each month Hunger Task Force-affiliated food pantries serve 37,500 people, and soup kitchens and homeless shelters dish up more than 58,000 hot meals.
  • Milwaukee suffers from the seventh-worst poverty in the nation, with a poverty rate of 24.4 %. More than 34% of Milwaukee’s children are living in poverty, the ninth worst in the nation.
  • Nearly 40% of families who visit food pantries live on less than $800.00 per month. Many families, even food stamp recipients, are unable to sufficiently feed their families.
  • Hunger Task Force advocates for well-run government programs that help people feed themselves and their families, including Food Stamps (FoodShare), School Breakfast and Lunch; Women, Infants and Children (WIC); the Fueling Young Minds Summer Meals Program and the Child and Adult Care Food Program.

 

In their own words

I lost my job. All I get is FoodShare and it’s not enough. I came here because I ran out of food.”-Visitor, Salvation Army West Food Pantry

“I have three children. I’m a single parent trying to hold down a job and go to school.”-Visitor, House of Peace Community Center Food Pantry

“All around, there just isn’t enough food.”-Visitor, St. Benedict’s Community Meal Program

Preferred Food Items

  • Fruit and Juice: canned pears, apricots, pineapple and peaches
  • Breakfast Items: Dry cereal, oatmeal, grits, and pancake mixes
  • Protein: Canned meat, poultry, fish, peanut butter, beans, nuts and high-protein main dishes such as chili and stews
  • Vegeatbles: Canned corn, green beans, carrots and peas
  • Baby Items: Powdered or concentrated infant formula (Nestle Good Start), food and diapers
  • Dinner Items: Pastas, rice (plain or mixes), potato mixes, macaroni and cheese dinners
  • Lunch Items: Canned or dry soups (vegetable, beef or chicken) and canned pasta items

 

Please join us as we all work together to really make a difference this holiday season by starting your own food drive!

Weathering The Storm: Proactively Blending Management And Technology To Keep From Being The Last Dinosaur In The Swamp

Posted by Lisa Velasquez in Fi-Med News, Fi-Med Services, In the Press, Industry Updates

Nov 21-24 2009

Grand Hyatt, New York

At a time of year when many people are looking forward to being reunited with friends and family to celebrate the upcoming holidays–Adrian Velasquez and Christine Krause, at the request of Princeton University, will be in New York, attending the 35th annual Business Today International Conference at the Grand Hyatt in Times Square. There they will join over 70 of the nation’s leading CEO’s and executives while also contributing to the Harvard Business School Case Study “Weathering The Storm: The Challenges And Opportunitites Of A Global Slowdown”.

150 students representing over 100 colleges and 20 countries were selected to receive an all-expense paid trip to attend the conference which will focus on such themes as the business cycle, the competitive landscape as well as the evolving political environment. Adrian and Christine will be speaking on the topic “Weathering the storm: Proactively Blending Management And Technology To Keep From Being The Last Dinosaur In The Swamp”.  As keynote speakers, Adrian and Christine will share information about the changes Fi-Med is making, both strategically and culturally, to adapt to the current economic environment.

Founded in 1968 by Steve Forbes, Michael Mims, and Jonathan Perel during their undergraduate years at Princeton University, Business Today started as a magazine featuring student-written articles, executive-written articles, and executive interviews. Business Today has now expanded to include their Online Journal, Conference, and Seminar Series Programs, all with the aim of fostering dialogue between students and executives.

Fi-Med Recipient Of Master Mettle Award

Posted by Lisa Velasquez in Business Awards, Fi-Med News, In the Press, Industry Updates

The MMAC/COSBE Future 50  program was created nearly 30 years ago as an event to recognize the outstanding achievement of local, fast-growing entrepreneurs. Members of the Fi-Med team celebrated along side other winners at the awards luncheon held September 17, 2009 at the Hilton Milwaukee City. Fi-Med was awarded the “Master Mettle Award”, an honor reserved exclusively for three time winners.  You can read all about it here. All 50 winners were asked to share their key strategies for surving the economic turndown, those interviews can be found by clicking this link.

Did you find this information helpful? If you have information that you think would be of interest to the medical or business community and would like the information posted on our blog, please submit your request for review to my attention at or via DM on Twitter@fimed

2009 Inc. 5000 Winners Announced

Posted by Lisa Velasquez in Business Awards, Fi-Med News, In the Press

Inc. Magazine Unveils Exclusive List of America’s Fastest-Growing Private Companies-the Inc. 5000

Fi-Med Management, Inc. Ranks No. 1344 on the 2009 Inc. 5000 with Three-Year Sales Growth of 237.7%

NEW YORK, August 12, 2009–Inc. magazine today ranked Fi-Med Management, Inc. NO. 1344 on its third annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy-America’s independent-minded entrepreneurs. Consumer electronics maker Vizio, Internet giant GoDaddy, rental car service Zipcar, and beverage maker Honest Tea are among the prominent brands featured on this year’s list.

“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate, ” said Inc. 5000 project manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”

Fi-Med Management, Inc. is an award-winning financial management firm providing comprehensive claims, coding, billing, lockbox and financial reporting services to the medical industry.

The 2009 Inc. 5000, unveiled today on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. Complete results of the Inc. 5000, including company profiles and interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.

Contact: Lisa Velasquez 714-935-0073

 

HPAS-Healthcare Payments Automation Summit

Posted by Lisa Velasquez in Fi-Med News, Fi-Med Services, In the Press, Industry Updates

The Healthcare Payments Automation Summit (HPAS) , hosted by The Association for Work Process Improvement (TAWPI), will be held September 13-15 in Chicago, IL. This conference will cover all facets of healthcare payment automation as well as address strategic management issues within a variety of healthcare payments areas. Adrian Velasquez, President of Fi-Med, will join EOBReeze President, Rod Baker, to discuss how they worked together to improve automation of healthcare payments at Fi-Med Management, Inc.

Posting payments from a high volume of paper EOBs is challenging, automating the manual process can be equally effortful. Adrian Velasquez, founder and President of Fi-Med Management, Inc. worked with four different solutions that failed to produce results. Finally, Fi-Med achieved automation of this onerous process. Learn what did not work and why, the pitfalls and shortcomings of certain approaches and ultimately what did work. For more information or to register for this event please visit www.tawpi.org.

Meet the Wellness Team

Posted by Lisa Velasquez in Fi-Med News

Fi-Med's Wellness Team-Tonique Shirley, Mary Wiczynski, Willie Roby, Nou Xiong, Karla Brown and Rosa Rodriguez

Fi-Med's Wellness Team-Tonique Shirley, Mary Wiczynski, Willie Roby, Nou Xiong, Karla Brown and Rosa Rodriguez

Our Wellness Team is made up of a volunteer group of dedicated employees on a mission to motivate the staff to take a proactive approach to improving their health. Working toward a goal of 100% participation, the Wellness Team meets frequently to create fun ways to get the staff involved. They recently kicked off their own version of NBC’s The Biggest Loser contest with cash prize incentives for those who lose the most weight. Another great idea was the announcment that Fi-Med would participate in the Vince Lombardi run/walk for cancer. The Wellness Team designed Fi-Med t-shirts for the employees to wear and had a great turnout. Everyone who participated really enjoyed spending the day with family and friends for such a great cause.

Sometimes it’s the little things that can make a big difference. In order to pursuade people to make healthier snack choices, they placed a basket of fruit where for just .50 cents(to replenish the supply) employees can help themselves to a wide variety of fresh fruit in season. Always looking for opportunities to encourage people to get up and move around, it is not unusual for the Wellness Team to invite others to join them in a power walk during their breaks!

Recently, Fi-Med became a member of the Wisconsin Wellness Council, an affiliate of  the Wellness Councils of America. Members are dedicated to building healthier communities in Wisconsin through health promotion programs at the worksite.