Henry Schein MicroMD & MDeverywhere Sign Agreement To Offer Customers A Single Point Clinical and Revenue Cycle Management Solution To Automate Operations and Optimize Cashflow Customers Gain Access To Fully Integrated MicroMD's EMR & MDeverywhere's RCM Systems and Services
MELVILLE, N.Y., Oct. 4, 2013 /PRNewswire/ -- Henry Schein MicroMD®, a provider of proven and cost-effective practice management and electronic medical records (EMR) systems, and MDeverywhere, provider of revenue cycle management (RCM) and credentialing solutions, today announced a new agreement to offer customers an industry leading, fully integrated clinical and financial system designed to help physicians build a better practice.
"Both companies have an excellent product and enviable position in the health care IT marketplace serving ambulatory medical practices," said Bruce Lieberthal, General Manager and Vice President of Emerging Technologies for Henry Schein MicroMD. "By working together, we can each continue to focus on our strengths, while offering customers access to the benefits of the other's software."
Henry Schein MicroMD practice management and EMR software is designed with performance and scalability to assist providers in managing administrative, financial and clinical workflow efficiency and profitability in their practice.
MDeverywhere's ICD-10 compliant RCM solution effectively captures revenue a physician leaves uncollected, typically 15%. With purpose built tools confirming insurance plan enrollment, identifying coding claim errors before claims are sent, decreasing denials by enabling complete and accurate claims, and enforcing payor contract compliance, MDeverywhere maximizes physician revenue.
MDeverywhere's credentialing verification services make MDeverywhere the ideal delegation partner with enrollment services including unlimited health plans, Council for Affordable Quality Healthcare (CAQH) maintenance, group applications and re-validations for all provider types and can help with re-validation by 2014 to comply with the Affordable Care Act re-validation requirement.
"We are excited to be working with MicroMD to offer a single-point solution to physician practices," adds Ann Bilyew, CEO of MDeverywhere. "We are better serving our respective customers by offering the best of both worlds — ensuring they have a fully integrated system to successfully and efficiently operate their practices."
About MDeverywhere, Inc.
MDeverywhere offers a leading revenue cycle management solution including credentialing services for physicians. MDeverywhere's unique RCM solution includes purpose built, cloud-based practice management software, coding rules engines, contract monitoring tools and full-scope claims management, patient payment portal and back-office services. MDeverywhere's solutions are proven to streamline workflow, decrease denials and increase revenue. As an NCQA Certified CVO (Credentials Verification Organization), MDeverywhere assists clients in taking control of their credentialing processes through delegation. Founded in 1995 and currently serving over 7,000 physicians nationwide, MDeverywhere clients include solo practices, group practices, large faculty practices, and hospitals in over 40 different specialties. For more information, visit the MDeverywhere website at www.mdeverywhere.com.
About Henry Schein MicroMD
The Henry Schein MicroMD brand of practice solutions encompasses simple yet powerful electronic medical records and practice management software that help facilitate the delivery of superior patient care; automate incentive and quality reporting activities; and streamline operations for today's busy providers. Full-featured, time-tested and budget-friendly, the MicroMD CCHIT-certified, award-winning software helps small practices, large medical groups, community health centers and billing services accelerate progress towards a paperless environment and health information exchange with minimal disruption and stress. High client retention rates attest to its market-leading presence and client-centric focus. Visit the Henry Schein MicroMD website at www.micromd.com or call 1-800-624-8832.
About Henry Schein, Inc.
Henry Schein, Inc. is the world's largest provider of health care products and services to office-based dental, medical and animal health practitioners. The Company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites. A Fortune 500® Company and a member of the NASDAQ 100® Index, Henry Schein employs nearly 16,000 Team Schein Members and serves more than 775,000 customers.
The Company offers a comprehensive selection of products and services, including value-added solutions for operating efficient practices and delivering high-quality care. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 96,000 branded products and Henry Schein private-brand products in stock, as well as more than 110,000 additional products available as special-order items. The Company also offers its customers exclusive, innovative technology solutions, including practice management software and e-commerce solutions, as well as a broad range of financial services. Headquartered in Melville, N.Y., Henry Schein has operations or affiliates in 24 countries. The Company's sales reached a record $8.9 billion in 2012, and have grown at a compound annual rate of 17 percent since Henry Schein became a public company in 1995. For more information, visit the Henry Schein Web site at www.henryschein.com.
SOURCE Henry Schein, Inc.