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Executive Summary

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Submitted By gabriel0806
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Running head: EXECUTIVE SUMMARY

Executive Summary
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Executive Summary
Brief Situation Analysis
In this ever-growing field of medical services, many providers become overburdened with the tedious tasks and administrative duties involved in the filing and processing of medical claims and payments. Our vision is to be a Medical Billing Service Company that provides excellent quality management and administrative services to medical providers for their Medical Billing and Coding, maintaining of patient accounts, Medical Payments from Insurance Providers and patients, in addition to the follow up on minimum rejections from Insurance Providers. Our mission is to provide these services to alleviate the office staff of these tedious duties and in turn allow them to maximize their income or bottom line, while remaining compliant with all rules and regulations.
In addition, we provide consultations and classes to the individual Medical Providers with regards to Medical Coding and Compliance with the various Insurance Providers. We also offer a very aggressive Collection Specialist to minimize the many bad debts and write-off accounts to maximize revenues.
Strategies
Our corporation believes that out-sourcing the tedious tasks involved in the filing and processing of claims and payments is a smart move for a medical practice. Instead of in-house processing, which takes up a lot of time and effort on the part of the medical staff, out-sourcing the work will help the medical staff in focusing more on the patients and in assisting doctors.
With a service-oriented business like ours, Medical Providers will be able to operate much more smoothly in meeting the direct needs of their patients and utilizing their expertise and experience in their field to maintain focus on their patients.
Our strategy is to open up Informative Workshops and Consultations to an elite group of Medical Providers and propose our Business Plan and Executive Summary. This would give us an idea of how many providers will be looking into the services we provide. This will also open doors for prospective clients and accounts. We will also go into the major hospitals and large group medical provider teams to acquire large accounts. At the same time, we will focus on surgeons and higher end professionals in their respective specialties.
Financial Considerations
The President of the company will provide 75% of the investments. Additional finances will be needed from investors or the bank for the remaining 25%. These finances are to purchase top of the line equipment and medical billing/payment programs with training of our employees and 24-hour technical support.
Our company will serve as the leader in the Medical Billing, Coding and Management Services field, raising the bar and standard for all medical billing service companies to comply with. With the experienced staff we have to offer, we have zero-tolerance to negligence or fraudulent claims. In this world we are living in, the standards have been overlooked or taken advantage of for far too long and it is time for accountability and reinforcement in the medical field as well. We promise excellence in all that we do and we take our positions seriously.

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