Company’s Self-Pay Management System Gains Rapid Market Penetration, Improves Handling of Patient Responsibilities for Healthcare Providers
Several of the nation’s leading health care providers and outsourced partners have recently selected nTelagent, Inc.’s Self-Pay Management System to improve the handling of financial accounts for both the healthcare providers and their patients.
“We are honored to serve as a partner to these outstanding healthcare organizations,” states Earl Winter, founder, president and CEO of nTelagent. “Our Self-Pay Management System is a tool that creates substantial benefits for both providers and their patients.”
“For self-pay patients, nTelagent’s system helps ensure that their accounts are handled properly and consistently from the point of service. This includes, where appropriate, the automatic application of discounting and charity care considerations as allowed by the individual healthcare provider’s business rules and accounting policies,” states Winter.
“For healthcare providers, nTelagent’s system ensures improvement in up-front cash flow, receivables, and overall profitability by reducing bad debt and improving the revenue cycle process for patients who are responsible for the bill, or a portion of it, through payment requirements such as co-pays and deductibles,” adds Winter.
nTelagent’s customers represent various segments of the health care industry, including hospitals, physician practices, specialty clinics, home health care, emergency room outsourcing, and collections companies.
nTelagent’s new customers being announced today are:
-LifePoint Hospitals, Inc. (NASDAQ:LFPT), www.lifepointhospitals.com, is a leading hospital company focused on providing healthcare services in non-urban communities in 18 states. Of the company’s 49 hospitals, 46 are in communities where LifePoint Hospitals is the sole community hospital provider.
-Psychiatric Solutions, Inc. (NASDAQ:PSYS), www.psysolutions.com, offers an extensive continuum of behavioral health programs to critically ill children, adolescents and adults through its operation of 90 owned or leased freestanding psychiatric inpatient facilities with approximately 10,000 beds in 31 states, Puerto Rico and the U.S. Virgin Islands. PSI also manages freestanding psychiatric inpatient facilities for government agencies and psychiatric inpatient units within medical/surgical hospitals owned by others.
-IASIS Healthcare Corp., www.iasishealthcare.com, is a leading owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. IASIS owns or leases 16 acute care hospitals and one behavioral health hospital.
-NES Healthcare Group, www.neshealthcaregroup.com, is one of the largest physician-held, physician practice management firms in the world. The company is an industry leader in emergency physician management, staffing more than 220 client facilities worldwide. The company has six domestic offices and international branches in Britain, Germany, Australia and South Africa.
-The Schumacher Group, www.tsged.com, is dedicated to adding value to their clients' emergency departments. As a hospital based physician staffing organization their main goal is the establishment of a core group of physicians within each hospital by focusing on developing an emergency medicine practice within each emergency department. It is The Schumacher Group’s billing company, Dallas-based EMCC, that will be using the nTelagent solution.
-e+healthcare, www.eplushealthcare.com, is an aggressive outpatient cancer services partner with an impressive track record of exceeding its customers and partners clinical and financial expectations. The company’s services include PET/CT Imaging Centers, Radiation Therapy Centers and Comprehensive Cancer Care Centers.
-Rockdale Medical Center, www.rockdalemedicalcenter.org, is a general acute care not-for-profit hospital based in Rockdale County, Georgia, outside of Atlanta. For over 50 years, Rockdale has provided comprehensive healthcare to Rockdale County and surrounding communities. The center offers the latest technology backed by a highly skilled and dedicated team of physicians and healthcare professionals.
nTelagent is in advanced discussions with a large number of additional customers. The Company is also adding strategic partners as well as other solution partners, such as eligibility and medical banking partners. Medical banking partners provide healthcare patients with various financing options to pay their accounts.
About nTelagent, Inc.
nTelagent is a healthcare services company based in Nashville, TN. nTelagent is focused on helping healthcare service providers make better decisions regarding patient responsibilities and self-pay issues, which include co-pays, deductibles, underinsured patients and all categories of patients where bad debt is an issue. nTelagent’s solution properly identifies patient demographic and insurance verification information and, based upon a healthcare organization’s specific rules and policies, addresses all patients and Charity applications in a consistent and non-discriminatory manner. The nTelagent system also enables hospitals to ensure better government compliance reporting and tracking.
nTelagent is privately funded by a group of seasoned healthcare investors, who are actively involved in the growth and development of the Company. An early investor in nTelagent is Marty Rash, former founder, chairman and CEO of Province Healthcare Company, a publicly-held hospital management company (formerly NASDAQ:PRV) acquired by LifePoint Hospitals, Inc. (NASDAQ:LPNT) in 2005. The late Chris Hannon, former CFO of Province, was also a key investor and instrumental in the development of the solution and direction of the Company. Other investors include Joel and Frank Gordon, through their investment firm, Crofton Capital; Jeff Rice, a healthcare entrepreneur and physician; and Laura Campbell, a private investor who was founding executive director of the Nashville Health Care Council.
For more information, visit www.ntelagent.com.