As the healthcare industry grows so does the complications of remaining efficient, competitive and profitable at the same time. Ever-growing requirements on medical business infrastructures often compound losses and reduce customer quality. IMSHCS will identify opportunities to strengthen your organization, leverage value-add solutions, increase rate of improvement and help your business become cost efficient.

The IMSHCS Approach includes:

1. EVALUATE: Current throughput and develop metrics to quantify key performance indicators (KPI).

2. IDENTIFY: Opportunities to decrease cost (fixed & variable) and increase revenue (reimbursement) to increase profitability.

3. ANALYZE: The effectiveness and feasibility of potential process changes & cost optimizations to improve performance.

4. IMPLEMENT: Processes / cost optimization strategies and develop action plans.

5. MONITOR: Throughput and develop metrics to ensure success & compliance.

Revenue Enhancement:

IMSHCS provides a new enhanced industry standard in revenue enhancement. Our Healthcare services are a medium to success for providers and payers. Success that translates into exceptional quality care for patients. IMSHCS has a proven approach for analyzing the elements of a company’s revenue streams and identifying opportunities to enhance it revenues while maintaining or even enhancing its customer relationships and current and future revenue generating opportunities. We accomplish this through our in-depth understanding of each of the revenue generating business models of the specific industries that we serve.

IMS provides its revenue enhancement services on a gain-sharing basis. Using this approach, our clients compensate us from the increased revenue resulting from the implementation of our recommendations. This allows our clients to engage us on a risk-free basis, requiring no funding authorization to engage us to provide valuable services to their business. And the sharing of the success of our projects results in productive and satisfying long-term relationships between our clients and IMS.

   Evaluate/measure performance of existing collection practices

  Renegotiate best available offers & pricing for outsourced collection services, including billing, coding and other AR services.

  Implement unique vendor agreements to provide special collection arrangements

  Prepare for benchmarking physicians reimbursement objectives

  Apply new technology to existing billing & collection processes

  Identify methodologies, processes or organizational structures to improve current billing & collection functions

IMSHCS METRICS:

   Ensure 100% Pretreatment Authorization & Referrals to cut bad debt & fraud
   Provide 95% + accuracy in coding & billing (In practice 98%+)
   Follow-up for claim status inquiry in 100% of cases electronically & by Phone
   Reduced AR turnaround to within 45 days

Cost Reduction

IMSHCS has a proven approach for analyzing elements of a healthcare facilities operations and identifying opportunities to reduce its costs while maintaining or even enhancing its service levels and productive capacity. We accomplish this though our in-depth experience in the industries we serve as well as our cross-industry perspective on cost-effective approaches to perform common business functions such as communications and information technology, office services, records management, travel and transportation, finance and human resources.

IMSHCS provides its audit services on a gain-sharing basis. Using this approach, our clients compensate us from the direct cost savings resulting from the implementation of our recommendations. This allows our clients to engage us on a risk-free basis, requiring no funding authorization to engage us to provide valuable services to their business. And the sharing of the success of our projects results in productive and satisfying long-term relationships between our clients and IMSHCS.

Generally, most Healthcare facilities do not have resources available to focus on generating lowest cost operations – IMSHCS does. Integrated Management Services, Inc. (IMSHCS) helps clients identify opportunities to reduce the cost of their operations. Our ability to identify, analyze and evaluate ways to reduce costs while maintaining the efficiency and effectiveness of your operations can result in cost savings of 20-35% in several areas.

   Evaluate Costs

    Contracted service expenses
    One time purchasing expenses
    Operations & process costs

  Identify Savings

    Configuration, service or process changes
    Current & alternative vendor solutions
    In-sourcing & Out-sourcing options

  Implement Cost Reduction

    Aggregate & leverage purchases
    Negotiate pricing, delivery & terms
    Manage current & alternative vendors