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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

Healthcare Management Systems (HMS)

Posted by Lisa Velasquez in Fi-Med Services, Mergers and Acquisitions

Healthcare Management Systems (HMS) maintains two divisions operating complimentary functions.  Working together, they strengthen the products and services provided to the medical community.  Richard Usry, HMS Senior Vice President, said “Because HMS bills and collects for medical practices, Turnkey users can be confident the software provided to them includes the latest collection and information tools available.  

Similarly, while operating billing offices for the Management Division, HMS is constantly learning through actual experience and continuously updating the Medical Management System for the benefit of Turnkey users. 

The Turnkey Division combines powerful industry-standard hardware and the HMS Medical Management System software for practices that desire their own independent billing operation. The software provided is specific to each hospital-based specialty, with the focus of automating as many functions as possible, providing the easiest functions for day-to-day operations, and including the most comprehensive reporting available to guide important practice decisions.

The robust HMS software retains its edge because HMS has a unique process for prioritizing its enhancements.   The HMS Users Group, wholly-independent from HMS, meets twice each year to recommend ideas for enhancements to the system.  The group is led by its board of officers and funded by annual membership dues from the client members.  HMS attends all of the meetings, and therefore, knows just what its clients need all the time. 

The Practice Management Division provides billing outsource solutions for groups who do not wish to face the challenge of an internal billing operation.  HMS employs experts to monitor the changes pertaining to each specialty, and maintains memberships in the key organizations that propel and monitor changes in the medical billing and practice management industry, which gives their clients confidence about their investment in the future.

Learn more about Healthcare Management Systems, A Fi-Med Company.

Skip Shaw, VP New Business Development

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

With wide-ranging, hands-on experience in business operations, strategy, finance, legal, mergers and acquisitions, human resources, IT, marketing, and research, William “Skip” Shaw may be the most well-rounded business development executive to walk through the doors of a burgeoning company. 

Shaw’s career in healthcare management began in 1983 at surgical products supplier Aesculap, where he was instrumental in growing the company’s annual revenue from $2 million to $57 million in just 12 years, attributable in large part to his high-touch influence on everything from technology to marketing to operations. 

In 1996 Shaw joined Velocity.com, and in his eight years there served as President, CEO and CFO. A software company who saw its heyday in the dot com boom of the mid 1990s, Velocity.com provided Shaw with no shortage of opportunities to further sharpen his skills in multi-disciplinary management. 

When it came time to restructure and sell Velocity.com assets, including PSImed, a billing solution for the healthcare industry, Shaw crossed paths with medical billing veteran Charles Morf. The two hit it off, and PSImed became one of three companies that merged to form ArborMed Corporation. Shaw stayed on to help with the transition, but by late 2004 he had become ArborMed’s full-time CFO. 

Over the next five years, Shaw would help ArborMed navigate growth through both market expansion and acquisition. In 2009, Shaw, Morf and the executive team at ArborMed recognized the opportunity for future growth and market share by partnering with Fi-Med Management, Inc., where they could leverage Fi-Med’s aggressive investments in technology and its culture of innovation to become a major player in the fast-changing medical billing landscape. Fi-Med’s acquisition of ArborMed was completed in October 2009. 

As vice president of business development at Fi-Med, Skip will oversee the due process for mergers and acquisitions, and will continue to apply his breadth of expertise to help Fi-Med navigate its rapid growth in the marketplace. 

Shaw lives in Orinda, California, with his wife, Michele, and son. An emphatic music fan, Shaw’s collection of records, tapes and CDs numbers in the thousands.

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.

Fi-Med Management, Inc. acquires California and Utah-based Mediplete, looks ahead to another year of growth

Posted by Lisa Velasquez in Fi-Med News

MILWAUKEE, WI – Wisconsin-based Fi-Med Management, Inc. announced last week the acquisition of Mediplete, a growing medical billing firm with offices in Utah and southern California.

The acquisition, completed on Dec. 28, comes at the confluence of two goals: for Mediplete, the need to bring new, more efficient technologies on board for their clients in an IT-savvy environment, and for Fi-Med, the desire to expand its presence into the western U.S.

“It was a natural for the two companies to merge,” says Fi-Med President Adrian Velasquez. “Fi-Med had proven technology with proven results. Mediplete was able to bring more value to their clients without having to increase the cost to the client.”

Fi-Med has welcomed aboard all existing Mediplete employees, including the company’s owners and management team. Mediplete clients, many of them surgical centers and anesthesia groups, will continue to receive the same top-notch services they received before the acquisition, with the addition of Fi-Med’s repertoire of financial medical management services and cutting-edge technology. Fi-Med’s current clients will benefit from the additional knowledge and expertise of Mediplete’s contracting and coding specialists.