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Practice Management System Fall 2015

MedSym Solutions is pleased to announce the launch of enhanced streamlined practice management technology. For details, email sales@medsyminc.com. For a review of MedSymPM available today,… More

Oncologist Practice Revenue Solutions

Oncologist Practice Revenue Solutions MedSym Solutions services and offerings are available to all oncology practices. MedSym is excited to announce our collaborative alliance with Flatiron… More

Oncology Circle, Fall 2015

Oncology Circle™ Visit with MedSym Solutions, at the Oncology Circle Fall 2015 meeting.  Check back for the location and dates to be announced.  As a Flatiron… 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 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.