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ASCO Continues to Support Oncologists in EHR Adoption at 2012 Annual Meeting; Eight Companies Meet Criteria to Participate in EHR Lab

FOR IMMEDIATE RELEASE: April 23, 2012 CONTACT: Aaron Tallent 571-483-1371 Aaron.Tallent@asco.org ALEXANDRIA, Va. – As part of its ongoing effort to support oncology practices in… More

MedSym Solutions Announces New Customer Service Portal April 5th, 2012

MedSym Solutions is proud to announce our new Customer Service Portal! The new portal allows users to check the status of current tickets, log new tickets,… More

Lincoln Oncology Selects MedSym Solutions for Electronic Health Record and Practice Management Software, Billing Services

MedSym Solutions is pleased to announce that Lincoln Oncology in West Orange, New Jersey has selected MedSym’s full suite of solutions for its practice including… More

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Charge Capture Review: DRRS

There are two very pressing hurdles regarding Oncology billing that no practice can afford to ignore:

  • continually deteriorating reimbursement for oncology drugs and services and
  • oncology billing is the most complicated and difficult medical specialty to bill for on a daily basis

MedSym’s Drug Reimbursement Recovery Systems® (DRRS) was created to help this dilemma.

What is it and who can use this service?

  • DRRS is a proprietary system that analyzes and reviews practice data and procedures in order to find potential inaccuracies in drug and administration charge entry and capture.
  • Any Oncology practice that bills for its drugs correlating administration procedures can use DRRS.

Does it work? Is it invasive in my daily practice operations?

  • DRRS has been successfully used by hundreds of practices around the country.
  • DRRS has reviewed over $4 billion in oncology practice charges and when provided with correct data has found a significant amount of charges in every single practice.
  • Unlike some other companies, 90% of MedSym’s DRRS service is done through electronic extraction and evaluation of data off-site so that the work is very unobtrusive to daily site operations.

What is the cost?

  • Because of DRRS’s proven track record of success, there is no up front or out of pocket cost to the practice.
  • All MedSym costs including personnel, travel, etc. are all at our expense.
  • The recovered reimbursement from the identified drug and administration charges are split 50/50 with the practice.
  • No payments are made to MedSym until after you have been reimbursed by the payors for the charges identified by DRRS.

 

Additional Benefits

  • All of the DRRS outcomes are shared with the practice allowing the practice to immediately seize opportunities for reimbursement on the identified charges.
  • The practice can make instantaneous changes to current billing and operational procedures to prevent future loss of revenue.