Innovative Outsourcing Awarded Contract By Mid-Atlantic's Largest Integrated Healthcare System.Health &Medical Editors HUNT VALLEY, Md.--(BW HealthWire)--Feb. 3, 2000 Innovative Outsourcing, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (IO) announced today that Baltimore-based MedStar Physician Partners (formerly HelixCare), a subsidiary of MedStar Health has signed an agreement to outsource the administration of its Commercial, Medicare, and Medicaid at-risk membership, representing over 75,000 lives. Under the agreement, IO will host and maintain the applications that will manage MedStar Physician Partners' claims processing, capitation management, provider service call center, as well as the transfer of information between participating payers and providers. &uot;We are extremely pleased to have been selected by MedStar,&uot; said S. Stuart Spector, IO's chief marketing officer. &uot;Their decision to outsource further reflects a growing trend whereby healthcare organizations, of all sizes, are realigning themselves horizontally. The entire industry is facing substantial challenges and each member of the system needs to redefine its core competencies.&uot; Spector went on to say, &uot;Organizations around the country are recognizing our business model as one with tremendous merit. By utilizing the power of the internet, we are able to substantially reduce computing costs by virtually eliminating the need for our clients to purchase additional hardware or software. This allows health care organizations to focus on providing quality medical care and IO to focus on providing cost effective administration.&uot; IO's outsourcing services employ more than 30 fully integrated applications that will allow MedStar Physician Partners to efficiently operate its centrally managed provider network. Additionally, IO has provided MedStar Physician Partners' network with the means to file claims through EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , which will greatly increase efficiencies and ensure that providers are reimbursed in a timely manner. Sharon Drevitch, MedStar Physician Partners' vice president of provider relations stated, &uot;After an extensive due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. process, which looked at both outsourcing and insourcing (1) Doing work with inhouse employees. Contrast with outsourcing. (2) Creating jobs in your country by an organization that is foreign owned. Contrast with outsourcing. , we selected IO. They have a proven infrastructure in place, but more importantly, they have a committed team of professionals that won our confidence.&uot; About MedStar Physician Partners MedStar Physician Partners, a subsidiary of MedStar Health, is a physician organization that owns or contracts with more than 1,000 doctors in the Baltimore/Washington area. Created in 1998 through a merger between Helix Health and Medlantic Healthcare Group, MedStar Physician Partners manages the care of more than 75,000 individuals through full-risk arrangements and an estimated additional 250,000 individuals through a variety of other insurance arrangements. About MedStar Health MedStar Health is a not-for-profit community-based health care organization comprised of 30 integrated businesses including seven major hospitals in the Baltimore/Washington area. The hospitals are Franklin Square Hospital Center Franklin Square Hospital Center is a hospital located in the White Marsh area of eastern Baltimore County, Franklin Square is the third largest hospital in Maryland. Employing more than 2,800 employees, Franklin Square is one of the largest employers in Baltimore County. , Good Samaritan Hospital Good Samaritan Hospital may refer to: In the United States:
Washington Hospital Center is the largest private hospital in Washington, D.C.. A member of MedStar Health, the not-for-profit Hospital Center is licensed for 926 beds and, on average, operates near capacity. and National Rehabilitation Hospital in the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Areas of excellence include cardiology, cardiac surgery, cancer, rehabilitation, orthopedic surgery Orthopedic Surgery Definition Orthopedic (sometimes spelled orthopaedic) surgery is surgery performed by a medical specialist, such as an orthopedist or orthopedic surgeon, trained to deal with problems that develop in the bones, joints, and ligaments , women's services and emergency and trauma services. MedStar Health is based in Columbia, MD, and is the largest health system in the mid-Atlantic region. About Innovative Outsourcing Based in Hunt Valley, MD, Innovative Outsourcing is an applications services provider (ASP) providing administrative and technology outsourcing services for healthcare organizations nationwide. Designed to offer a single source solution, IO supports all lines of business including Managed Care, Medicaid, Medicare, Vision, Dental, and Indemnity. Through outsourcing relationships, IO offers services such as claims processing, capitation management, customer service, eligibility verification, HEDIS HEDIS Health Plan Employer Data & Information Set Managed care An initiative by the National Committee on Quality Assurance to develop, collect, standardize, and report measures of health plan performances. reporting, network integration, web-enabled technology etc. Interested organizations can learn more about IO by visiting its website at www.gbsio.net. |
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