MED3OOO Signs ASP Deal with City Pharmacy

PITTSBURGH, PA - MED3OOO Group, Inc. ("MED3OOO"), a privately held national healthcare management and technology outsourcing company, recently announced that it has entered into a 5-year application service provider (ASP) agreement and billing contract with City Pharmacy in Morgantown, West Virginia.

The agreement will provide City Pharmacy with a Misys Vision™ Optimum practice management system enabling City Pharmacy to enter patient demographics and visit information. The MED3OOO Central Billing Office staff then manages the remainder of the billing and collection process. This includes preparation and submission of bills, pre-collection contacts, forwarding of unpaid balances to collection services as set forth on practice protocols, and recording of payments, adjustments to accounts and reporting.

"We chose MED3OOO as our ASP vendor because of their extensive experience in practice management and billing, and because they are able to provide a state-of-the art system at a reasonable cost. In addition, the system provides support and training as well as the reporting analysis we need to process our prescriptions," explained Kelly Cook, RPH and President of City Pharmacy.

"We use the technology we recommend in the operation of successful medical practices around the country every day. Our experience as an ‘operator’ provides us with a user’s perspective not available from other technology vendors, and ensures that we are continuously testing and improving every tool we offer. The value of our daily operations experience is passed on to our customer," said Steve Hendrick, MED3OOO VP of Information Services.

The system also enables City Pharmacy to monitor MED3OOO’s efficiency. The MED3OOO Billing & Collection Key Indicator Reports provide the pharmacy managers with clear, concise summaries of critical financial statistics on a monthly basis. Indicators tracked include revenue, accounts receivable, denial rate, and bad debt. These reports provide an ongoing measurement of billing performance as well as the data needed to initiate improvement.

Headquartered in Pittsburgh, Pennsylvania, MED3OOO has operations centers in California, Colorado, Connecticut, Florida, Illinois, Pennsylvania, and West Virginia. A leader in healthcare management and the integration of healthcare software solutions, MED3OOO's goal is to improve the performance of physician practices through evidence-based management and technology. MED3OOO combines an expert staff experienced in the day-to-day operations of physician practices and IPAs with an information-service team that provides solutions designed to improve clinical and business operations performance.