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Medical outsourcing is a business process used by organizations like hospitals, nursing homes, and healthcare provider practices to obtain physician, nursing, healthcare technician, or other services in a managed services model.
One goal of these entities is to reduce the amount of paperwork for medical staff and to increase efficiency, providing the practice with the ability to grow. The billing services which can be outsourced include regular invoicing, insurance verification, collections assistance, referral coordination, and reimbursement tracking. [21]
In May 2009, the company acquired The Sentinel Group, a vendor of software and investigational services to combat health care fraud. [16] In January 2010, the company acquired Future Vision Investment Group, L.L.C. (FVTech), a provider of outsourced services specializing in electronic data conversion and information management solutions. [17]
TeamHealth was founded in Knoxville in 1979 by Dr. Lynn Massingale. [4] [5] The company began as Southeastern Emergency Physicians, the predecessor to TeamHealth, when Dr. Massingale, then an emergency medicine physician at the University of Tennessee Medical Center, earned the staffing contract in the emergency department at the medical center. [6]
ASP may bill on a per-use basis (on-demand outsourcing), a monthly/annual fee, or a per-labor hour basis; The advantages to this approach include: Application costs are scaled over multiple customers [2] ASP may provide more application experience than the customer's staff [2] ASP may provide application customization for the customer [2]
In 1983, the billing business was outsourced to VSA GmbH; VSA e.V. changed its name to FSA e.V., which is still the sole shareholder of Noventi Health SE today. [ 3 ] [ 4 ] In the 1990s, Noventi's core business, at that time billing for inpatient pharmacies, was expanded through strategic acquisitions and by adding the Other Service Providers ...
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