RFP News

Published on Apr 13, 2010

SourceMedical, the provider of outpatient information management solutions to the ambulatory therapy market, announced the launch of SourceTherapy Billing. A new billing service enabled by the acquisition of Advance Patient Financial Solutions (APFS), a company specialising in a broad array of outsourced revenue cycle and consulting services for the physical therapy industry.

“This changes everything” said Teresa Bohannon, Vice President of SourceMedical Therapy Billing Services. Bohannon went on to say, “The complexities of therapy billing and declining reimbursement leave no room for average back office performance in a therapy practice. It’s safe to say that how well you bill, follow-up, and collect is every bit as critical to the success of a practice as the therapy itself. Therapists are expertly trained to provide the highest quality, but back office performance typically scores average at best when exceptional is the new standard for survival and that is what we consistently deliver.”

“We worked with APFS for several years as the software supplier of their parent company, Advance Rehabilitation, and collaborated regularly when they began providing the same exceptional back office support to other SourceMedical clients. We watched as they grew to be recognized experts not only in providing all critical business office services, but also in maximizing the operations of our mutual clients through best practices consulting and amazing technology optimization. The natural combination of our two companies enabled us to create an entirely new continuous service model leveraging our software tools and their remarkable success in applying them for our clients. Now, we are a flexible technology based financial services company that can be used in any configuration of services in any size therapy environment from start up to mature multi-facility therapy companies.” said Ralph Riccardi, President of SourceMedical Therapy Division.

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