Facilities
Due to payor focus on implantable devices, reimbursement models are quickly changing – the time to act is now. IPG understands these changes and can help you avoid the unnecessary risk of getting caught in the middle of change… change that could result in significant losses.
In addition to the implant device, IPG provides additional services related to the procedure.
Facilities
Facilities Overview | IDMSM Solution | Surgery Center Results
Facilities face a growing challenge with implantable devices
Today, healthcare facilities are increasingly challenged with managing multiple service lines for high cost implantable medical devices. Each of these service areas requires ever-increasing expertise to acquire devices, secure payor authorization, bill correctly and collect for reimbursement. Challenges include:
- Cash Flow – Additional cash requirements to satisfy increasing utilization of implantable devices
- Losses – Potential for surprising losses that could wipe out multiple profitable procedures. Increased exposure to growing patient deductibles and coinsurance
- A/R – Extended DSO’s (Days of Sales Outstanding)
- Reimbursement – Variables surrounding authorizations, patient benefit limitations, approvals, billing and payments
- Contracts – Increasingly challenging contracting risks
- Risk – Staff turnover resulting in ongoing need for specific training
- Resources – Limited ability to commit resources to effectively manage all of the above
IPG can expand choice, mitigate the risks and simplify operations
In a competitive environment, you need the ability to perform device-intensive implant procedures in your facility. Additionally, you want to give physicians and patients the opportunity to utilize your facility while giving them access to best-in-class implant technology. As a strategic partner, IPG can mitigate these risks and simplify your operations when it comes to implants.