LeonardoMD Collaborates with Collections Agency Transworld Systems to Provide Fully-Integrated Solution

LeonardoMD Collaborates with Collections Agency Transworld Systems to Provide Fully-Integrated Solution
January 8, 2008 – SANTA ROSA, CA, and SAN DIEGO, CA – Transworld Systems Inc., the industry leader in profit recovery, and LeonardoMD, Inc., a premier provider of web-native practice management and clinical software, recently collaborated to offer medical practices a completely integrated solution to streamline the collections process for slow-paying patient accounts and insurance resolution. LeonardoMD selected Transworld as the collection agency to offer its collections service, GreenFlagSM Profit Recovery, to all LeonardoMD clients at preferred pricing.
This is an ideal collaboration because not only are both our innovative services web-based, but we both share a commitment to superior customer service,” said Ken Eissing, Senior Vice President and General Manager, Transworld Systems Inc. “LeonardoMD’s interface with our GreenFlag service provides mutual clients with an easy-to-use technology that will streamline their operations as well as allow them to focus on what they do best – providing quality medical care.”
The seamless GreenFlag / LeonardoMD interface minimizes internal efforts and reduces billing costs, subsequently increasing practices’ cash flow. Practices have two options in order to transfer their delinquent accounts to Transworld Systems to handle the collections – they can flag them and send them over with a few mouse clicks, or they can establish pre-determined parameters for when collections are to begin, and the system will automatically send them over to Transworld Systems.
"We’ve seen tremendous results and saved time in the process,” said mutual client Becky Frias of Gastroenterology Diagnostic Clinic in Pasadena, TX . “The software interface was easy to set up due to the excellent support we receive from LeonardoMD. Now that it’s up and running, I don’t have to spend hours entering the data. To be honest, I’m surprised at the vast improvement in both patient and insurance collections.”
Transworld Systems also provides the impact of third-party intervention, while preserving valued patient relationships. Transworld Systems has extensive experience in the healthcare industry and has been an MGMA® (Medical Group Management Association) AdminiServe® Partner (AdminiServe is the branded name for the association’s preferred supplier network.) since 1998. Transworld also recently attained the coveted Healthcare Financial Management Association (HFMA) Peer Review designation.
“As insurance carriers continue to cut reimbursement and make it increasingly difficult for medical practices to thrive, forward-thinking practices are turning to new solutions to fight back,” said Kyle Palla , Vice President of Business Development, LeonardoMD. “The collaboration between LeonardoMD and Transworld Systems enables practices to streamline their collections efforts at a critical time in the revenue cycle. The LeonardoMD web-based practice management software and EMR (electronic medical records) eliminates the IT hassles typically associated with medical collections, and this alliance demonstrates our commitment to offering new solutions to automate the revenue cycle.”
About Transworld Systems Inc.
Transworld Systems Inc. ®, a wholly owned subsidiary of Outsourcing Solutions Inc.®, is an industry leader in profit recovery with headquarters in Santa Rosa, CA, and more than 100 offices throughout the and Puerto Rico . Transworld and its service brand GreenFlagSM Profit Recovery are redefining the collection industry by providing businesses with better tools for recovering bad debt and past due accounts. With a success rate more than triple the industry average, Transworld has collected $2.4 billion over the past 5 years for more than 60,000 clients. Transworld Systems is a Medical Group Management Association (MGMA®) AdminiServe® Partner and has attained the Healthcare Financial Management Association’s (HFMA) Peer Review Designation. For more information, call Ken Eissing, Senior Vice President and General Manager, at (314) 576-0022 or ken.eissing@transworldsystems.com or visit http://www.transworldsystems.com.
About LeonardoMD
LeonardoMD is a leading provider of web-based medical practice management software and electronic medical records (EMR) to thousands of physicians, billing services, and medical providers across the in every major medical specialty. The LeonardoMD software as a service (SAAS) suite of applications is delivered over the web through an Internet browser to eliminate the traditional investment required for servers and IT staff. LeonardoMD’s products are designed to automate every step of the revenue cycle and patient care. Founded in 2000, LeonardoMD is headquartered in San Diego, CA . To learn more about LeonardoMD, please visit www.leonardomd.com.
Source: Transworld Systems, Forbes