MEDICAL DATA SYSTEMS, INC. (MDS), Marks 30 Years of Service to the Healthcare Industry
National healthcare receivables industry leader, MDS, has reached a significant milestone and is celebrating 30 years in providing accounts receivable recovery services to hospitals and healthcare systems across the country.
Vero Beach, Florida, September 1, 2015 (Newswire.com) - MEDICAL DATA SYSTEMS, INC. (MDS), a national leader in accounts receivable management and collection services, marks 30 years of service to the healthcare industry.
National healthcare receivables industry leader, MDS, has reached a significant milestone and is celebrating 30 years in providing accounts receivable recovery services to hospitals and healthcare systems across the country.
"Healthcare providers today continue to face many challenges such as the implementation of the Affordable Care Act (ACA), and CMS guidelines reducing Medicare bad debt reimbursement percentages. We are all tasked with finding new ways to streamline costs and increasing cash flow, while providing exceptional services in our communities. Consequently, providers need a Vendor Partner that will keep pace with the changing environment and offer creative operational solutions supporting their initiatives. Medical Data Systems, Inc. is a national agency with 30 years of proven ability providing custom solutions, higher recoveries and responsive customer service to its client base and communities."
Rick Masterson, Chief Operating Officer
The company was founded in 1985 by G. David Miller, CEO and President, and his wife Amy in Sebring, Florida. Understanding the needs and concerns of the healthcare provider community, they developed a proprietary software system for their work with physician practices and respected healthcare systems and hospitals. In addition to the Professional Fee Billing services they offered at the time, MDS pioneered Secondary Bad Debt Collections, and secured their first national multi-hospital system, setting the foundation for the company’s future growth.
Gary Ball joined MDS as partner, Chairman and CFO in 1997, adding a high level of financial and business acumen to the company. MDS then relocated its corporate office to Vero Beach, Florida, and began a major expansion effort to broaden their client base outside of the Southeast market. Now with clients not only nationwide, but also in Alaska and the U.S. Virgin islands, MDS continues to pursue their development goals by offering a complete suite of revenue cycle solutions including: Extended Business Office (Early Out), Primary Collections and Secondary Bad-Debt Collections. They also offer System Conversion A/R Assistance, for those endeavoring in a major systems platform change, and also detailed A/R recovery projects.
Today MDS services over 450 clients with over 400 employees in offices located throughout the United States. With these significant achievements realized over their 30 years in business, MDS continues to be a privately held company, dedicated exclusively to the healthcare industry. Rick Masterson, Chief Operating Officer commented that “Healthcare providers today continue to face many challenges such as the implementation of the Affordable Care Act (ACA), and CMS guidelines reducing Medicare bad debt reimbursement percentages. We are all tasked with finding new ways to streamline costs and increasing cash flow, while providing exceptional services in our communities. Consequently, providers need a Vendor Partner that will keep pace with the changing environment and offer creative operational solutions supporting their initiatives. Medical Data Systems, Inc. is a national agency with 30 years of proven ability providing custom solutions, higher recoveries and responsive customer service to its client base and communities.”
With an extraordinary client retention rate, Cheryl Spanier, Director of New Business and Client Services shares “MDS has a division solely focused on client satisfaction. All Clients are assigned a Client Service Representative and Operations Manager to be sure their needs are heard and met. We value the opportunity to serve and the relationships we’ve cultivated throughout our 30 year history. We work hard every day to continue to earn their trust, loyalty & business.”
Some of their clients have commented:
“I have found MDS to be a true partner with every encounter we have with them. Through their counseling approach to collections, they have created an environment in which their interaction with our patients, mirrors the same care and concern we strive for. Their collection and recovery of aged accounts and insurance discovery far exceeds other agencies offering similar services and does so without complaints.” Jeff Korne, Executive Director Revenue Cycle, Dekalb Medical Center
“I continue to be amazed at the dollars MDS brings to our system, no matter how old the accounts are. IN addition, they treat our patients in a manner that does not produce complaints back to us. They have some type of magic formula that works.”
Cathy H. Dougherty, FHFMA, Vice President Revenue Cycle Management, Gwinnett Hospital System, Inc.
“The primary function of this relationship has been “secondary placements” and I must say that MDS has been an exemplary partner during these years of service.” Lee Evins, Former Vice President Revenue Cycle Management, Wellstar Health System
For additional information regarding MDS, please contact Estelle Welte, Senior Vice President at ewelte@meddatsys.com or visit www.meddatsys.com
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