PCG in the News
Physician Capital Group landed $13.8 million in funding from investor-entrepreneurs Rod Canion, founder of Compaq Computer Corp., and Jack Gill, founder of Vanguard Ventures, a top Silicon Valley venture capital firm.
Co-founder Damon Spiegel created MD Coder, the company's signature handheld wireless device. The MD Coder allows doctors to immediately capture patient charges along with other pertinent data, which is wirelessly transmitted to the company's electronic system.
Damon estimates a practice that bills $650,000 annually loses between $35,000 and $100,000 per year due to denied or reduced reimbursements from insurers, mostly related to incomplete or incorrect claim information.
"No one is doing accounts receivable financing with doctors that I'm aware of because they don't know when the insurance company will pay or the exact amount," he says. "But it's a real need, and I thought the MD Coder might be the missing link to do it."
Co-founder of Physician Capital Group, Terry Giles, says, "We are not the practice's biller and collector, we are their banker."
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MD Coder Web Edition
MD Coder is our industry-leading mobile charge capture tool that ensures that every single patient encounter is captured. The software is compatible with both Windows and Palm and is customizable to your specialty.
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Receiving payments is getting harder for out of network providers
We all know that being an out-of-network provider in most cases is more financially advantageous than being an in-network provider; this is because payment reimbursement is higher if a provider is out-of-network. But over time, managed care payers are making it more and more difficult for those providers that want to be or stay out-of-network.
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What to Look for When Outsourcing
We came across an article of what points should be addressed when a physician considers outsourcing billing or changing billing companies. Please email us at sales@physiciancapitalgroup.com if you'd like to see a full copy of this article, as it's very helpful when considering your revenue cycle management options.
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Spotlight: Our Client Service Liaison
Melanie McPherson
- How often do you speak live with your physician clients?
- What do you think is the most important part of being a Client Service Liaison (CSL)?
- Having CSLs available to our clients is one of the unique things about PCG. Since you have several years of experience working in physician offices, do you find the Client Service Liaison to be one of PCG's best assets?
- In your opinion, why is PCG successful?
- In addition to managing the relationship between physician and PCG, what are some of your other job responsibilities?
- PCG prides itself on our 'white glove service'. Are CSL's available 24/7 for their physicians?
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Please call us today at (877)297-4724 for a demo, or for information on our referral program/multiple physician volume discounts!
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