Feb 19 2011
SilverTree Health, the premier provider of physician billing and practice management resources, is pleased to announce a new marketing agreement between Desert Physicians Association (DPA) and its affiliate, Integra Physicians Network (IPN). This new partnership leverages the strengths of both organizations: SilverTree's high-tech nature and profitability and DPA's membership base. The resulting economies of scale will strengthen the financial position of both organizations and their members through the attainment of operational efficiency and increased overall profitability.
“I am looking forward to a long and positive relationship with DPA”
SilverTree Health CEO Michael Fossum notes, "We are deeply honored by Desert Physician Association's endorsement of SilverTree Health and take that responsibility very seriously. We believe this partnership will afford DPA an advantage by creating a sustainable increase in profits, income predictability, and a reduction in stress by systemizing the billing and revenue cycle."
DPA's endorsement is the most recent in a line of IPA partnerships that reinforce the trust medical professionals have in SilverTree products and services. This new partnership will result in programs that fill several needs for participants and are sure to be helpful tools in navigating this very confusing time in the healthcare industry.
As a result of this partnership, DPA/IPN Members will have access to education and financial relief relating to EMR (Electronic Medical Record) implementation; the ability to apply 'best practices' to billing and revenue cycle management; and the opportunity to generate predictability of practice income. The convergence of these: increased profit margins.
SilverTree is also connected in real time to all 770 insurance carriers. By itself, this feature will insure proper claims payment on first-time submission yielding payment cycles of between 3 and 17 days (a 50% increase), on average. Additionally, the SilverTree partnership offers value added features that range from:
- Complete and specialized practice analysis of current collection processes
- Improved collection and profit by 5-10% per physician
- Complete practice transparency 24/7
- Decreased rejected claims (less than 5%, guaranteed)
- Decreased liability
- Minimized payroll costs
- Increased HIPAA compliance (by up to 300%)
- Eligibility for up to $44,000 in tax credits for the implementation of eHealth criteria
"I am looking forward to a long and positive relationship with DPA," Fossum concludes, "and to continuing our mission of becoming the most trusted and effective medical billing solution available."