2. U.S. Operations
Have performed one or more functions for over 2,000 physicians in the USA
Our Customized & Scalable Solutions include:
• Full-Service Medical Billing Services
• HIM Services (Medical Coding – Out-Patient and In-Patient)
• Practice Management and EMR/EHR Software Systems
• Business Analytics
• Electronic Claims Processing
• Patient Statements
Company Overview
3. Corporate Leadership
★ Doug Davis - CEO
★ David Lovato – VP U.S. Operations
★ Anthony Davis – Business Development Manager
★ Curt Lingle – Director – U.S. IT Administration
VedaMed’s executive management team averages over
20 Years each in the medical field for their respective roles.
5. HIPAA & Security Compliance
VedaMed has maintained a comprehensive HIPAA Compliance Program since 1994.
• Dedicated Chief Compliance Officer at each facility
6. HIPAA & Security Compliance (cont’d)
Tier 3 Data Center with Co-Locations
• ForTrust Data Center - Denver
• Tech Pro Data Center - Chicago
• Automated Failover, Disaster Recovery & Nightly Back-Ups
• Security of PHI, Data, Network, Hardware/Software & Physical Infrastructure are Top Priorities
8. VedaMed Business Expectations
Integrity - Always be truthful to ourselves, to our organization and to our clients
Care - Work like a family, care for each-other and our clients, give our best to the
organization and expect the same
Exceeding Expectations - Always exceed the expectations of our clients by providing
exceptional services
11. Medical Billing Highlights
VedaMed has supported over 2,000 providers across the country and covers 60+ medical specialties
★ Experience with all major Hospital and Physician medical billing platforms – over 30+!
★ Experience with all major Payers - over 3,000!
★ $1 Billion+ in A/R has been managed annually
★ Produce Average 5% - 20% increase in Net Collections
★ Process millions of claims per year
★ Produce average Days in A/R reduction of 5% - 20%
★ 24- to 48-Hour TAT with 97%+ Quality Accuracy
13. Business Intelligence - Analytics
MaxIntel
• State-of-the-art, industry leading, Data
Visualization platform
• Customized dashboards
• Integrates multiple data sources and Key
Performance Indicators
Clinical
Financial
HR & Payroll
Satisfaction Research
Patient Outreach Campaigns
Other
• Available 24/7
Actionable Business Intelligence Analytics
14. Electronic Claims Processing Highlights
Claim Status On Line
• Online Claim Correction
• Electronic Eligibility Verification
• On Line Edits
• Cleaner claims
• Faster reimbursements
Electronic Remittance Advice
• Saves time and reduces errors by posting automatic payments
Electronic Patient Statements
15. Quality Control & Assurance
At a high level, VedaMed will take the following
actions:
• Define Service Metrics, Measurement System &
Best Practices
• Develop HR, Facility & Administration Plan
• Design Training Plan
• Develop Operational Plan
• Transaction Monitoring & Calibration
• Reporting & Analysis
Daily, Weekly, Monthly, Quarterly, Annually
At a more detailed level, VedaMed will take the
following actions:
• Identify QA attributes
• Test, validate and audit
• Grade individual and team performance
• Provide critical feedback
• Facilitate improvements
• Generate error/exception reports
• Provide constant QA monitoring
• Provide consistent process optimization
• Ensure highest quality deliverables
16. Provider Challenges We Help Overcome!
• Decline in Fee Schedule charges
• Decline in reimbursements
• Increasing staff and office taxes and expenses
• Intense regulatory pressure
• Uncertainties of healthcare reform (Affordable Care Act)
• Evolving technology and cost of information systems
• Influx of new patients
• Practice consolidation
• Reduced autonomy
• Greater administrative burden (compliance management)
• Continued pressure on providers to improve quality of care
17. VEDAmed Value Proposition
Our customers transition from a volume-based model to a value-based
model by:
• Increasing workflow process efficiency
• Concentrating fully on practicing medicine
• Increasing the quality of provider-to-patient relationships
• Eliminating management of multiple vendor relationships
These value propositions are achieved through a unique combination of:
• People
• Processes
• Technology
18. VedaMed Additional Value Propositions
• Reduce billing and collection costs
• Increase collections
• Increase overall revenue potential
• Reduce ‘Days in A/R’
• Convert fixed costs to variable costs
• Increase and enhance automation and data quality standard
• Reduce internal non-clinical resources
• Increase provider time allocated to patient care
• Enhance system redundancy
• Achieve healthcare stimulus incentives
• Increase profitability – EBITDA!!!
• Increase corporate valuation
