RealMed and MED3OOO Announce Revenue Cycle Management Agreement

Jun 08, 2010, 07:00 ET from RealMed Corporation

INDIANAPOLIS, June 8 /PRNewswire/ -- RealMed Corporation, a leading provider of web-based revenue cycle management solutions for healthcare providers, hospitals, and payers, today announced a multi-year agreement with MED3OOO, a national leader in providing advanced healthcare management and technologies to physicians. RealMed will provide secure, Internet-based, real-time adjudication and processing of electronic claims transactions, real-time claims editing, automatic claims status and electronic remittance advice management. Through its advanced applications, RealMed will allow MED3OOO and its customers' practices to increase their systems workflow, quality, and timeliness, and to maximize revenue.  

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RealMed Senior Vice President, Scott Herbst, welcomed MED3OOO to RealMed's growing list of large national clients.  "We are excited to partner with MED3OOO, which has long been a leader in healthcare management and technology products and services. MED3OOO's evaluation involved an extensive review of RealMed's technical capabilities and ability to support MED3OOO's ongoing efforts to bring additional solutions to their customers. The selection by MED3OOO reinforces RealMed's reputation of delivering innovative products to meet the needs of the country's most forward thinking and sophisticated healthcare organizations. We are committed to drive greater efficiencies into MED3OOO and its customers' payment processes."

"RealMed's client-service record, partnership mentality, flexibility, and revenue cycle management application made them an ideal partner, supporting our decision to select RealMed as our national 'vendor of choice,'" said Eric Sellers, MED3OOO's Senior Vice President of Technology Services.  "Integrating RealMed with our service offerings will result in significantly faster payment to our customers with less administrative burden.  As physicians struggle with declining reimbursement and increased regulations, these are exactly the types of efficiencies that MED3OOO is committed to delivering to our customers."

About RealMed

RealMed automates healthcare transactions and information exchange between providers and payers using powerful reporting and workflow enhancing features.  These capabilities can significantly enhance administrative efficiency and dramatically improve cash flow for providers.  RealMed serves professional providers ranging from one-doctor practices to the nation's largest academic medical centers and specialty providers for all aspects of their revenue cycle management needs. RealMed's service and solutions led to its ranking as 2009 'Best in KLAS' for Claims and Clearinghouse Services.* For more information, visit www.realmed.com.

About MED3OOO

MED3OOO is a national leader in providing advanced healthcare management and technologies to physicians, physician networks, employers and government municipalities that are focused on improving performance and adding value to the delivery of healthcare.  Founded in 1995, MED3OOO provides services to more than 15,000 physicians, employers, and EMS providers, and has become one of the largest and most advanced healthcare services, technology, and information management companies in the United States.  For more information, please visit www.MED3000.com or contact Nick Nemmers, Corporate Marketing, at Nick_Nemmers@MED3000.com or (412) 937-8887.

*2009 Top 20 Best in KLAS Awards: Software & Professional Services report, ©2009 KLAS Enterprises, LLC.  All rights reserved.  www.KLASresearch.com

SOURCE RealMed Corporation



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