MGMA 2007 ANNUAL CONFERENCE

AdvancedMD® Software, Inc. www.advancedmd.com, the leading provider of Web-based practice management solutions for physician offices , today announced that they will enter the Physician Organization Market in order to support the need of emerging opportunities within management services organizatio

PHILADELPHIA (October 29, 2007) –

AdvancedMD® Software, Inc. www.advancedmd.com, the leading provider of Web-based practice management solutions for physician offices , today announced that they will enter the Physician Organization Market in order to support the need of emerging opportunities within management services organizations (MSO), independent physician associations (IPA), and physician hospital organizations (PHO). While these organizations represent physicians for practice management and contracting services, many face significant operational challenges in matching the service and technology needs of their target audiences. AdvancedMD’s compelling solution and tools assist in bridging this gap by enabling these organizations to focus on the service side of the offering, increasing efficiency and profitably while allowing physician groups to maintain control of their practices.”

According to the Medical Group Management Association (MGMA), healthcare organizations sustained average group practice losses ranging from $50,000 to $100,000 per hospital-employed physician. AdvancedMD is uniquely positioned to offer solutions and add value to physician organizations and their clients through its management solution. The comprehensive Web-based practice management solution will enable the MSO, IPA or PHO to ease implementation/training and provide seamless, anytime anywhere, access for both the office and healthcare organization to utilize the application.

n one example, several independent physician groups entered into a partnership with a hospital organization to form a single professional corporation. They soon realized that they needed a unified system that offered one revenue cycle across all practices and a system that was flexible enough to meet the needs of specialty practices. With AdvancedMD’s practice management solution, these established physician groups are experiencing reduce overhead costs and improving revenues through streamlined workflow and office efficiencies.

Winner of the 2007 CODIE AWARD for “Best Healthcare Management Solution, AdvancedMD was recently named to the Inc. 500 List of Fastest Growing Private Companies in America. AdvancedMD maintains a 98% customer retention rate and serves over 7,000 providers, 22,000 users and manages over 10 million patient records nationwide.
About AdvancedMD Software

AdvancedMD delivers a market-leading Software-as-a-Service (SaaS) medical practice management and billing platform to 13,000 providers and 270 billing service providers nationwide. Because AdvancedMD processes more than 1M claims per month for 85 specialties, the company is able to identify payer rule changes quickly and continuously adjust the software to reflect the changes, enabling successful claims performance. Customers achieve first-pass claim acceptance rates of 95 percent or better, compared to the national average of 70 percent. The company’s all-in-one solution eliminates hardware and software license purchases while customers enjoy the freedom of no long-term contracts and one all-inclusive monthly fee. This subscription includes unlimited phone and email support from a team of healthcare and billing experts, free online training, enterprise-class data center security, automated hourly offsite backups of patient data and 99.9 percent uptime. The user interface is intuitive and easy to learn, enabling employees to become proficient faster. Comprehensive HIPAA compliance exceeds the capabilities of client-server practice management software, especially in the areas of patient data protection and backup. AdvancedMD enables billing service providers with centralized management of multiple clients and virtual staff no matter where they are located across the globe. AdvancedMD clients recognize immediate improvements to their financial performance through timely and accurate claims processing with workflow efficiency. For more information, please visit www.advancedmd.com.

Source: AdvancedMD