Secure Transfer System »     Client Portal Access »

Posts in the ‘In the Press’ Category

Referring Physician PECOS Phase II Delayed

Posted by J. Paul Spencer, CPC, CPC-H in Fi-Med Services, Hot Topics, In the Press, Industry Updates, J. Paul Spencer, CPC CPC-H

Following up on an earlier post here, CMS announced today that Phase II of Change Requests 6417 & 6421, dealing with referring physician mismatches between the NPI database and the PECOS system, has been delayed until April 5th, 2010.

Phase II of this change request orders the denial of any services referred by a physician who has a conflict between information found on the national NPI registry (NPPES) and the PECOS system. The change to the implementation schedule is being undertaken to give those physicians with conflicting information sufficient time to correct any irregularities.

For the present time, providers who bill for services referred by providers with this conflict will continue to get warning messages stating that the referring physician’s information is inaccurate. If this information has not been updated by the referring provider by April 5th, 2010, these services will be denied.

Tags: , , , ,
November 24th, 2009 | 1 Comment »

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.

Tags: , , , , , , ,
November 17th, 2009 | No Comments »

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

Tags: , , , , , , , , , , ,
September 18th, 2009 | No Comments »

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

 

Tags: , , , , , , , , ,
August 20th, 2009 | No Comments »

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.

Tags: , , ,
August 13th, 2009 | No Comments »

Fi-Med Focuses On Big Losses For a Healthy Bottom Line in 2009

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

PRESS RELEASE

Managing an organization’s health doesn’t end with finances, and employees of Fi-Med Management, Inc., a Wisconsin-based medical-industry financial management firm, are taking that message to the streets on Saturday, June 13, 2009 for the 22nd Annual Lombardi Walk/Run for Cancer at Milwaukee County Zoo.

Fi-Med’s new Wellness Team kicked off a weight loss competition earlier this month as an in-house spinoff on NBC’s “The Biggest Loser.” The competition runs from June 1 through August 31, with cash and other prizes for participants who lose the largest percentage of weight.

“Really, everybody wins when we focus on health,” says Mary Wiczynski, EDI manager at Fi-Med, who heard about the cause through a friend whose family had grappled with cancer. “We’ve gotten a lot of motivating information on health, nutrition and exercise in the last few weeks, and now we’re excited to put that motivation to use for a good cause.”

More than 60 Fi-Med staff and family members will converge on the Milwaukee County Zoo, donning blue team shirts and ready to rally for the community, for charity and for cancer this Saturday at the 22nd Annual Lombardi Walk/Run for Cancer. The event starts at 7:45 a.m. with a 10k run, with a 5k option beginning at 8:30.

“Our job is to manage financial health for our clients, but health is much more holistic than just straight numbers,” says Fi-Med President Adrian Velasquez. “It seems fitting that we get out there and walk the talk by promoting health for our team, and for the communities we do business in.”

Proceeds for the event benefit Vince Lombardi Charitable Funds, a 39-year old fundraising  organization for cancer research, education, patient care and early detection for the Vince Lombardi Cancer Clinic at Aurora St. Luke’s Medical Center in Milwaukee, Wisconsin.

###

Fi-Med Management Inc., founded in 1993, provides billing, receivables management, lockbox services, collections, credentialing services, e-prescription and other financial management and reporting services to independent physicians, labs and medical centers across the country. Fi-Med’s unique combination of technology and expertise has helped increase cash flow and reduce compliance risk for its clients, and its success has earned the company numerous local and national recognition and business growth awards. http://www.fimed.com

June 12th, 2009 | 2 Comments »

Press Release: Fi-Med Adds Nationwide Electronic Prescription Services For Physicians

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

Ahead of the curve: Fi-Med gets doctors on board with e-prescriptions before Medicare penalties take effect

In the rush to digitize health information and medical records, even prescriptions are making the jump from notepad to network. Soon the squinting and scrawling and folding and crumpling of the physician-pharmacist relationship will be replaced by high-speed data delivery from point-of-service, at time of service, direct to the pharmacy.

Fi-Med Management, Inc., a medical billing and financial management company headquartered in greater Milwaukee, announced this week the addition of electronic prescription services to its portfolio of client services.

The service, part of Fi-Med’s Electronic Medical Records (EMR) package, gives physicians the ability to send error-free, electronic prescriptions directly from point-of-care to the pharmacy without ever lifting a pen—a critical component in the improvement of patient care and safety.

Fi-Med’s e-prescription software partner, SequelMed, provides drug and benefit details and patient medication history from prior patient records, even those generated by other physicians and hospitals. Clients also have access to online drug reference guides, reporting capabilities and 24/7 electronic access to patient prescription data.

On January 1, the Centers for Medicare and Medicaid Services (CMS) released e-prescription codes, available here.

Physicians using e-prescriptions may be eligible for a 2% bonus payment at the end of 2009, provided they’re paid at least 10% of total Medicare Part B reimbursement for services in the office, with the consistent reporting of these codes. That bonus will decrease beginning in 2010, and penalties in the form of reduced payments through Medicare Part B are slated to affect physicians not using electronic prescriptions by 2012.

For more information or to subscribe to news affecting physician reimbursements and related services, visit the Fi-Med blog or call 800-318-0019.

Tags: , , , , , , , , ,
March 23rd, 2009 | No Comments »

Fi-Med wins a second Future 50 award

Posted by Lisa Velasquez in Business Awards, In the Press

Fi-Med president Adrian Velasquez and vice-president Christine Krause receive their second Future 50 award from the Metropolitan Milwaukee Association.

Read more.

Tags: , , , , ,
September 19th, 2008 | No Comments »

Fi-Med places high in 2008 Inc 5000

Posted by Lisa Velasquez in Business Awards, In the Press

Fi-Med ranks #61 in Inc’s roster of top 100 health companies. Read more.

Tags: , , , ,
August 20th, 2008 | No Comments »

Fi-Med featured in MD News magazine

Posted by Lisa Velasquez in In the Press

“Far and above a traditional medical billing company, Fi-Med’s portfolio of services includes accounts receivables management, sophisticated lockbox services, claims appeals, encounter form scanning and transmission, compliance monitoring and risk reduction, contract negotiation, coding and credentialing, in-depth client training, detailed reporting and data analysis.”

Download the PDF.

Tags: , , , , , ,
April 3rd, 2008 | No Comments »

« Older Entries
Newer Entries »