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.

With the right attitude, though, abetted by clearly defined roles and open lines of communication, both the company and the couple can thrive. Adrian Velasquez, 61, and Christine Krause, 48, founded Milwaukee-based Fi-Med Management in 1993, in part because they wanted to work together. Today, the $3 million company, which specializes in accounting and banking solutions for medical practices, has 45 employees. And Velasquez and Krause still relish being together all day, every day, and talking shop well into the evening. “I know it sounds too good to be true,” says Velasquez. “But working together actually keeps our relationship fresh.”

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“Out of a cramped, two-story house on Milwaukee’s west side, Fi-Med Management has quintupled its revenue in three years, even though its target market – small, independent doctor’s offices and medical laboratories – is shrinking.…” 

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