Encoda Clients Featured on Panel Discussion at Centricity™ Healthcare User Group Conference

“Stop Living in Denials” Panel Discussion aims to educate CPS users on using technology to automate the claims management process

TAMPA, Fla., October 17, 2019.  Encoda LLC, a leading healthcare reimbursement automation and revenue cycle management company announced today that two of its clients, Twyla Fuertes, Vice President of Revenue Cycle Management at US Pain Specialists, a Pain Doctor Company, based in Scottsdale, Arizona, and Mical Boness, Claims Management Manager at West Texas Medical Associates, based in San Angelo, Texas, will be featured in a panel discussion uniquely titled, “Stop Living in Denials”.

In this peer-to-peer discussion panel, CPS users will share their success stories and describe how an innovative RCM tool, used in tandem with their Centricity Practice Management software, helps their medical groups better manage rejections and denials, increase payment velocity, improve staff productivity, reduce/reallocate FTEs, and elevate insurance reimbursement.  Each will describe how this powerful combination helps their billing departments focus on only those claims that need attention, automatically post payments, track all claims submitted to the payers (ensuring that responses are received for all claims submitted), and analyze the claims activity between the PM system and payers.

During this session attendees will learn how to:

  1. Utilize pre-and post-adjudication customized rules and business logic to automatically better manage outbound claims and inbound remittances.
  2. Effectively manage employee work queues based on rules such as rejection or denial reason, by provider, by payer, and other practice defined rules.
  3. Increase payment velocity and elevate insurance reimbursement by reducing denials and timely identifying and working only those claims that need attention.
  4. Utilize dashboard analytics reporting that automatically combines data from CPS and payers, in near real-time, providing visibility and transparency into the revenue cycle.

“My goal is to have attendees understand that there is a more streamlined way to handle claims processing and collections, and that the automation of manual processes has been revolutionary for my RCM team,” said Twyla Fuertes. Mical Boness stated “I’ve been in the medical billing business for quite some time and I knew there had to be a better way than what we were previously doing when it comes to claims processing. Encoda has helped my team and I work smarter, not harder and the technology keeps my team focused only on those claims that truly need attention.”

Stop Living in Denials will be available via live stream, which can be accessed online https://zoom.us/j/840863834 using Meeting ID: 840 863 834 and via phone by calling 19292056099 and entering access code 840863834.

Encoda specializes in helping medical practices and medical billing companies grow top line revenue while decreasing costs with its patented, cloud-based application Encoda BackOffice. Medical practices use Encoda BackOffice to bridge workflow gaps between their practice management systems, clearinghouses, and payers; utilizing the industry’s most powerful library of payer and specialty specific claim scrubbing edits and advanced remittance posting rules. Encoda’s platform enables its clients to develop effective claims processing and posting strategies based on customized business logic specific to providers, procedure codes, payers, ANSI remark and reason codes and more. Medical groups also utilize Encoda’s Maestro Analytics business intelligence solution to consolidate practice management and payer data into user friendly, highly impactful dashboards accessible on a desktop browser or mobile device.

About Encoda, LLC

Encoda is a leader in healthcare reimbursement automation and revenue cycle management technology and services that empower medical business offices to cost-effectively collect the most money in the shortest time possible. Encoda clients significantly improve their rejection and denial management processes, reduce days in A/R, and receive a level of transparency into their billing cycle via Encoda Maestro Analytics dashboard reporting that other solutions on the market do not provide.

To learn more about Encoda BackOffice, Encoda Maestro Analytics or Encoda’s Revenue Cycle Management Services, please contact us at info@encoda.com, 813.337.0107 or visit encoda.com.

For more information, please visit www.encoda.com, email info@encoda.com or call 813-337-0107.

 

Alabama Orthopedic Clinic Chooses Encoda to Automate Claims Management Workflow and Enhance Revenue Cycle Performance

Encoda’s innovative denial management and posting solution automates manual tasks and provides real-time financial and reimbursement analytics

TAMPA, Fla., April 25, 2019.  Encoda LLC, a leading healthcare reimbursement automation and revenue cycle management company announced today that the Alabama Orthopedic Clinic (AOC), a premier 21 physician orthopedic practice in Mobile, Alabama, recently implemented Encoda BackOffice™ and Encoda Maestro Analytics™ in their central billing office. AOC has partnered with Encoda to improve its revenue cycle process by increasing the efficiency and effectiveness of its claims management and payment posting processes.

Encoda specializes in helping medical practices and medical billing companies grow top line revenue while decreasing costs with its patented, cloud-based application Encoda BackOffice. AOC utilizes Encoda BackOffice to bridge workflow gaps between their practice management system, clearinghouse, and payers; utilizing the industry’s most powerful library of payer and specialty specific claim scrubbing edits and advanced remittance posting rules. Encoda’s platform enables AOC to develop effective claims processing and posting strategies based on customized business logic specific to providers, procedure codes, payers, ANSI remark and reason codes and more. AOC also utilizes the Encoda Maestro Analytics business intelligence solution to consolidate practice management and payer data into user friendly, highly impactful dashboards accessible on a desktop browser or mobile device.

AOC previously struggled to identify lost claims, reallocate misapplied patient payments, reconcile payer recoupments, and track staff productivity. Prior to partnering with Encoda, if a billing associate accidentally closed a session while working a claim in their practice management software, the claim would “disappear”, only to be picked up on a subsequent aging report. Encoda BackOffice automatically tracks the status of all AOC electronic claims. The Encoda WatchdogTM function ensures that no claim gets left behind and automatically queues for AOC staff, those claims that have had no payer response in a specific time period.

AOC also gains efficiency by utilizing an automated feature of BackOffice that uses AOC’s electronic remittance data to accurately reallocate misapplied patient copays. This eliminates zero balance claims from having an overpayment on one charge line and a short pay on another. This automated function ensures that AOC patients receive accurate statements and significantly reduces the manual intervention needed for AOC staff to maintain accurate financial records, making their billing process more fluid and manageable.

“We love the granular level of detail and the filtering capabilities prevalent in BackOffice’s Exception Manager. Our staff is presented only with those claims that require our attention, while all other claims are scrubbed, sent to the payers for adjudication, paid and posted without us touching the claim or remittance” said Katherine McMichael, AOC’s business manager. “Encoda’s advanced business logic allows for significantly faster payment posting, rather than hand-keying the remittances that were tripping up our billing software’s electronic poster.  Ms. McMichael concluded, “Implementing Encoda BackOffice and Maestro Analytics has drastically reduced our workload and decreased our overdue receivables.”

In addition to providing timely access to important financial metrics, Encoda Maestro Analytics has enabled AOC management to monitor billing staff performance. AOC has identified opportunities for group and individual staff training. Maestro Analytics provides performance metrics which AOC uses to create measurable baseline activity goals for each staff member.

“We are thrilled to be working with AOC as they are a preeminent provider of Orthopedic care in the Southeast United States”, said Michael Kallish, CEO of Encoda. “Just a few months after go-live on Encoda BackOffice and Encoda Maestro Analytics, AOC is realizing increased efficiencies and an improved revenue cycle process. We will continue to work with AOC senior management and billing teams to further optimize their use of the Encoda platform in order to increase reimbursement and reduce costs.”

About Alabama Orthopedic Clinic (AOC)

Alabama Orthopedic Clinic’s mission is to assure patients with musculoskeletal conditions that they will receive prompt and effective treatment with the best technology available, in a manner that is compassionate and understanding of their needs. AOC is a full-service orthopedic clinic specializing in foot & ankle, hand, interventional pain management, joint replacement, pediatric, physical medicine & rehabilitation, spine care and sports medicine. From surgery to therapy, AOC has the facilities and staff to meet all orthopedic needs.  To learn more visit www.alortho.com.

About Encoda, LLC

Encoda is a leader in healthcare reimbursement automation and revenue cycle management technology and services that empower medical business offices to cost-effectively collect the most money in the shortest time possible. Encoda clients significantly improve their rejection and denial management processes, reduce days in A/R, and receive a level of transparency into their billing cycle via Encoda Maestro Analytics dashboard reporting that other solutions on the market do not provide.

To learn more about Encoda BackOffice, Encoda Maestro Analytics or Encoda’s Revenue Cycle Management Services, please contact us at info@encoda.com, 813.337.0107 or visit encoda.com.

 

For more information, please visit www.encoda.com, email info@encoda.com or call 813-337-0107.

 

Encoda Acquires Revenue Cycle Management Services Division from Microwize Technology

TAMPA, Fla., December 18, 2018 – Encoda LLC, a leading healthcare reimbursement automation and revenue cycle management services and technology company, announced today that it has acquired the revenue cycle management services division of Paramus, NJ based Microwize Technology, Inc.

Founded in 1997, Microwize Technology is a physician services organization whose services include revenue cycle management, healthcare IT, hosting services, physician credentialing, and EMR/EHR user implementation and training.  Microwize is also a top-rated value-added reseller for Greenway Health™, eMds, Medisoft©, and Lytec®.  With the acquisition of Microwize’s revenue cycle management division, Encoda adds experienced billing staff and certified professional coders to its RCM team, while also increasing its national footprint to now include a fourth regional office. 

The Microwize billing team and client base will now benefit from Encoda BackOffice™, a cloud-based, patented technology which enables medical billing professionals to work claim rejections and denials faster and more profitably, as well as the Maestro Analytics platform which monitors, measures and manages staff productivity and insurance reimbursement 24 hours per day, 7 days a week.  Encoda’s Revenue Assistance Program is powered by Encoda BackOffice and serves as a significant point of difference in a highly competitive revenue cycle management industry.

We are excited to welcome Microwize’s employees and clients to the Encoda organization,”said Michael Kallish, Encoda’s President and CEO.  Kallish went on to say, “we believe that Microwize’s clients will be very happy with Encoda’s revenue assistance program, as well as with the financial and operational performance, transparency, and results, that the Encoda BackOffice and Maestro Analytics platforms will deliver to each client”.   Robert Gabriel, President and CEO of Microwize Technology stated, “we are very enthusiastic about Encoda’s BackOffice solution and plan to introduce it to current and future Microwize’s clients that not a part of the RCM division.”

About Microwize Technology

Microwize Technology Inc. is a top-rated Value-Added Reseller (VAR) for Greenway Health™, eMds, Medisoft©, and Lytec®.  Microwize provides EMR/EHR software sales, support, implementation, and training, IT and hosting services, and consulting services. Medisoft and Lytec are registered trademarks of eMDs.

About Encoda, LLC

Encoda is a leader in healthcare reimbursement automation and revenue cycle management technology and services that empower medical business offices to cost-effectively collect the most money in the shortest time possible. Clients significantly enhance their revenue cycle management performance by licensing the patented, cloud-based Encoda BackOffice™ platform or contracting for billing services through the Encoda Revenue Assistance Program™.

For more information, please visit www.encoda.com, email info@encoda.com or call 813-337-0107.

Encoda Hires New Vice President of Sales and Marketing

Samuel Ambrose to lead Encoda’s next phase of strategic sales and marketing growth.

TAMPA, Fla., October 17, 2018 –  Encoda LLC, a leading healthcare reimbursement automation and revenue cycle management company, has hired Samuel Ambrose to direct the company’s sales, marketing, and business development initiatives. In this new role, Ambrose will manage the current sales and marketing team to expand knowledge and continue raising visibility of the company. Ambrose will also partner with medical billing and EMR software companies and the fast-growing segment of specialty specific managed service organizations to bring Encoda’s high-impact, cloud-based revenue cycle management software to their valued physician clients.

Encoda, founded in 2006, specializes in helping physician practices grow top and bottom line revenues, while dramatically decreasing labor costs. Its patented flagship application, Encoda BackOffice™ is an enterprise rejection and denial management, and payment posting solution that helps centralized billing offices automate manual processes and eliminate the workflow gap between today’s practice management systems and clearinghouses, in turn increasing billing staff productivity and boosting payment velocity.

Ambrose stated, “I am thrilled to be a part of the Encoda management team and eager to lead the company’s sales, marketing, and business development efforts while helping our current and future clients collect the most amount of money, in the shortest amount of time, as cost effectively as possible.”  Ambrose went on to say, “most medical software companies say they can save you time and make you more money, but Encoda can actually show you how to do this with a quantifiable return on investment, which makes this opportunity incredibly exciting.”

Sam brings more than 27 years of sales, marketing and business development experience to Encoda, including over 10 years in SaaS, practice management, electronic healthcare record and medical device companies such as Modernizing Medicine, Pulse Systems, and PositiveID. Sam is a proud alumnus of the Florida State University where he earned both his bachelor’s and master’s degrees from the College of Communication.  Sam currently serves as a director for the Florida State University Alumni Association’s National Board of Directors and will be the Association’s Chairman of the Board during the 2019-2020 fiscal year.

Michael Kallish, CEO of Encoda stated “Sam brings a unique, hybrid skill set to Encoda as he has both sales and marketing leadership experience, which fit extremely well with our current organizational needs. He also has relevant experience in creating brand awareness and generating profitable revenue with both large and small medical practices, managing sales opportunities through their life cycle, and developing strategic business partner channels.”

About Encoda, LLC

Encoda is a leader in healthcare reimbursement automation and revenue cycle management services that empower medical business offices to cost-effectively collect the most money in the shortest time possible. Clients significantly enhance their revenue cycle management process by licensing the patented, cloud-based Encoda BackOffice™ platform or contracting for billing services through the Encoda Revenue Assistance Program™.

For more information, please visit www.encoda.com, email info@encoda.com or call 813-337-0107.

Encoda LLC Streamlines Billing Operations for JWM Neurology

Encoda BackOffice software enables JWM to expand billing production without adding new hires.

TAMPA, Fla.Aug. 21, 2018 Encoda LLC, developer of patented medical billing technology that powers the nation’s most innovative and efficient medical business offices, implemented their flagship Encoda BackOffice™ platform at JWM Neurology. The solution enabled JWM to increase billing production without replacing its existing billing software and without hiring additional staff, which the fast-growing medical group was slated to do prior to partnering with Encoda.

JWM Executive Director, Herschal Jacquay, said “Encoda has proven to be an invaluable partner, enabling us to keep billing and collections expenses in check with a provider to billing staff ratio of 8 to 1, all while maximizing revenue.”

JWM Business Office Manager, Ruth Davis, stated, “We used to run several reports and review claims one at a time, jumping back and forth between our clearinghouse and billing system. Encoda enables us to work more efficiently now. We have everything needed to review, correct and resubmit claims on one screen. Claims transmit automatically through the day instead of waiting to be submitted or refiled, and we no longer wait on remits “lost in space”. All claim edits and notes made in Encoda BackOffice update automatically to our billing software, which reduces our workload tremendously.

Encoda CEO, Michael Kallish, added, “Encoda BackOffice is a perfect fit for JWM, which operates four tax-IDs across Greenway Health’s Prime Suite and Intergy billing systems. With Encoda Maestro Analytics desktop and mobile applications, JWM management can monitor and measure billing staff productivity and practice performance from anywhere at any time.

Founded in 2006, Encoda has been streamlining the revenue cycle workflows for forward thinking medical groups and medical billing companies nationwide.  In addition to licensing its patented application, Encoda routinely conducts Revenue Cycle Performance Reviews (Revenue-CPR) to identify inefficiencies in a medical provider’s revenue cycle process and uncover costly practice revenue leaks prevalent in today’s challenging healthcare reimbursement environment.

About JWM Neurology

JWM Neurology PC is a premier specialty group of 54 neurologists, sleep medicine physicians, and advanced practice providers serving patients in 11 Central Indiana locations.  JWM treats patients with all types of neurological conditions and sleep disorders.

About Encoda, LLC

Based in Tampa, FL, with offices in Blue Bell, PA, and Carrollton, GA, Encoda is a leader in healthcare reimbursement automation and services that empower medical business offices to cost-effectively collect the most money in the shortest time possible. Clients significantly enhance their revenue cycle management process by licensing the patented, cloud-based Encoda BackOffice™ platform or contracting for billing services through the Encoda Revenue Assistance Program™.

For more information, click here to contact Encoda.

Encoda BackOffice™ Helps Fuel Explosive Growth for Intensivist Billing’s RCM Business

Leveraging Encoda’s advanced technology, Intensivist boosts reimbursement for its 155 medical providers

TAMPA, Fla.June 29, 2018 /PRNewswire/ — Encoda LLC, developer of a patented medical billing solution that powers the nation’s most innovative and efficient medical business offices, implemented their Encoda BackOffice™ platform at Intensivist Billing. Using Encoda’s advanced technology to drive greater revenue cycle management (RCM) performance, Intensivist has since added 56 providers while adding just four new medical billers to its staff.

Connie Carey, CPC, Director of Billing for Intensivist Billing, said, “Whether processing claims, posting remittances, or running reports, jumping back and forth between our billing and clearinghouse software was an agonizing process. Thanks to Encoda BackOffice, which works with our billing software, our productivity has skyrocketed! We now bill for 155 providers with a staff of 12.”

Encoda CEO, Michael Kallish stated, “Intensivist Billing has taken full advantage of Encoda BackOffice™ and has become an incredibly efficient services organization. RCM companies know that physician billing is a complex and tedious endeavor that requires innovative and cost-saving technology, and that’s what we offer. Our solution uses advanced business logic to streamline the entire billing process.”

Encoda has been streamlining revenue cycle workflows for medical groups and medical billing companies nationwide since 2006. Encoda’s cloud-based, denial management, posting, and analytics platform works in concert with existing billing software to significantly improve staff performance, circumvent traditional clearinghouse limitations, and boost reimbursement. Encoda’s fully integrated solution typically reduces client labor efforts by 30-40%, allowing their staff to focus more on patient service rather than performing the mundane, repetitive tasks associated with claims processing.

In addition to its patented RCM application, Encoda offers a variety of RCM services. Encoda’s Revenue Cycle Performance Review (Revenue-CPR) identifies inefficiencies in the revenue cycle process and uncovers costly practice revenue leaks prevalent in today’s complex healthcare reimbursement matrix. Learn more at PracticeRevenueLeak.com.

About Intensivist Billing
Intensivist Billing is a division of The Intensivist Company, a physician-owned, physician-led ICU-centric services company. With a focus on critical care billing, Intensivist Billing provides a comprehensive menu of management services to solve the ever increasing clinical, financial data, and billing service needs of critical care physicians. These services include revenue cycle management, billing education, revenue stream analysis, and financial analysis.

About Encoda, LLC
Based in Tampa, FL, with offices in Blue Bell, PA, and Carrollton, GA, Encoda is a leader in healthcare reimbursement automation and services that empowers medical business offices to cost-effectively collect the most money in the shortest time. Clients significantly enhance their revenue cycle management process by licensing the patented, cloud-based Encoda BackOffice™ platform or contracting for billing services through Encoda’s Revenue Assistance Program™.

For more information, call 813-337-0107 or submit your request here.

Encoda Establishes Charitable Partnership With The Children’s Cancer Center

Encoda will support the center’s efforts to serve families of children who are battling life-threatening diseases.

TAMPA, FL.  May 31, 2018 /PRNewswire/ — Encoda LLC, a leader in healthcare reimbursement automation and developer of patented medical billing technology, is partnering with the Children’s Cancer Center to help support children with cancer or chronic blood disorders.

Encoda will provide financial, and hands-on, support to help these children, and their families, as they face the biggest challenge of their lives. This is a natural extension of charitable help for Encoda, whose team members have participated annually in the Corporate FunRun in support of the Leukemia and Lymphoma Society, an organization that also fights blood cancers.

To support their 24 support programs and services, the Children’s Cancer Center hosts several major annual fund-raising events, including their Gelatin Plunge, which will be held on June 16th, 2018. In this exciting event, participants will plummet down a slide into a pool filled with 2,000 gallons of orange gelatin! To participate in Encoda’s fund-raising efforts for the Children’s Cancer Center, click Take the Plunge!

Encoda has been streamlining RCM workflows for ambitious medical groups and medical billing companies nationwide since 2006. Encoda’s cloud-based denial management, posting, and analytics platform works in concert with existing billing software to significantly improve staff performance, circumvent traditional clearinghouse limitations, and boost reimbursement from insurance companies.  In addition to offering its patented RCM application, Encoda conducts Revenue Cycle Performance Reviews (Revenue-CPR) to identify inefficiencies in clients’ revenue cycle processes and uncover costly practice revenue leaks prevalent in today’s challenging healthcare reimbursement environment.

Patty O’Leary, CEO of Children’s Cancer Center said, “We are excited to have Encoda join us in our mission to support these wonderful kids. They deserve every bit of help they can get at a time they should be enjoying their childhood instead of battling cancer.”

Encoda CEO, Michael Kallish stated “Many organizations conduct research. What really touched us about the Children’s Cancer Center is they provide hands-on love and care for the children, and their families, when they need it most. We are fortunate to have this opportunity to partner with such a unique and impactful organization.”

About Children’s Cancer Center

The Children’s Cancer Center is a non-profit organization dedicated to serving children who have cancer or chronic blood disorders, and their families, by giving them the emotional, financial, and educational support they need to cope with life-threatening illnesses. With over 24 programs and services currently helping over 1,000 families, support is offered to all the family members during every step of their difficult journey.

About Encoda, LLC

Based in Tampa, FL, with offices in Blue Bell, PA, and Carrollton, GA, Encoda is a leader in healthcare reimbursement automation and services that empower medical business offices to cost-effectively collect the most money in the shortest time possible. Clients significantly enhance their revenue cycle management process by licensing the patented, cloud-based Encoda BackOffice™ platform or contracting for billing services through the Encoda Revenue Assistance Program™.

For more information, please call 813-337-0107 or submit your request here.

 

Encoda Client Honored by MGMA for Superior Performance

Efficient revenue cycle management and billing processes are key to a medical group’s financial success.

Encoda BackOffice streamlines billing operations and reduces insurance reimbursement to 15 days.

TAMPA, FL.  March 29, 2018 /PRNewswire/ — Encoda LLC, developer of a patented medical billing solution that powers the nation’s most innovative and efficient medical business offices, implemented their Encoda BackOffice™ platform at Dermatology Associates of Southwest Louisiana to help streamline their insurance billing efforts. The results have been outstanding for the 6-provider group, which has received Superior Performance recognition from MGMA for two straight years.

Encoda has been streamlining revenue cycle workflows for ambitious medical groups and medical billing companies nationwide since 2006.  Encoda’s cloud-based, denial management, posting, and analytics platform works in concert with existing billing software to significantly improve staff performance, circumvent traditional clearinghouse limitations, and boost reimbursement from insurance companies. Encoda’s fully integrated solution typically reduces client labor efforts by 30-40%, a benefit that has allowed Dermatology Associates’ staff to focus more on patient service rather than mundane, repetitive tasks associated with claims processing.

In addition to its patented BackOffice RCM application, Encoda offers medical billing through its Revenue Assistance Program. The healthcare technology company also conducts Revenue Cycle Performance Reviews (Revenue-CPR) to identify inefficiencies in the billing process and uncover costly practice revenue leaks that are prevalent in today’s challenging healthcare reimbursement environment. These Revenue-CPR reviews allow medical groups to capture lost revenue and maximize future reimbursement.

Dermatology Associates’ Practice Administrator, Lisa Conner said, “MGMA has recognized us for Superior Performance two straight years, and we were among the few to be honored in two categories (Profitability and Cost Management and Productivity, Capacity and Staffing). Encoda played a big part in our success, helping us streamline billing operations and reduce insurance reimbursement to only 15.2 days. Encoda BackOffice allows us to create automated rules to catch issues specific to certain claims and payers and prevent them from reoccurring. Corrections we make in Encoda automatically update to our GE Centricity Practice Solution® billing system, saving us a lot of time.”

Encoda CEO, Michael Kallish stated “Lisa Conner is an asset to her practice and to Encoda. We are thrilled to see Lisa and the Dermatology Associates team receive this well-deserved recognition.”

About Dermatology Associates of Southwest Louisiana

The physicians of Dermatology Associates of Southwest Louisiana treat all conditions and ailments of the skin, hair, and nails and have a special interest in the treatment, and prevention, of skin cancer. The group offers specialized services, including Mohs Surgery, Ultraviolet Light Therapy, and some cosmetic dermatology services.

About Encoda, LLC

Based in Tampa, FL, with offices in Blue Bell, PA, and Carrollton, GA, Encoda is a leader in healthcare reimbursement automation and services that empower medical business offices to cost-effectively collect the most money in the shortest time possible. Clients significantly enhance their revenue cycle management process by licensing the patented, cloud-based Encoda BackOffice™ platform or contracting for billing services through the Encoda Revenue Assistance Program™.

For more information, please visit www.encoda.com, email info@encoda.com, or call 813-337-0107.

 

Encoda LLC Announces Acquisition of MedCo Data’s RCM Division

Encoda corporate headquarters in Tampa, FL

Leader of healthcare reimbursement automation accelerates expansion

TAMPA, Fla., June 13, 2017 /PRNewswire/ — Encoda LLC, developer of patented technology that powers the nation’s most innovative and efficient medical business offices, has acquired the revenue cycle management services division of Tampa, FL-based MedCo Data, LLC. This acquisition offers the joint companies, and their clients, immediate benefits as they synergize to help medical groups and billing service providers improve their revenue cycle performance.  With the acquisition, Encoda moves its national headquarters to Tampa, FL and will maintain its software development and technical support office in Blue Bell, PA and its RCM services office in Carrollton, GA.

Founded in 2006, MedCo Data has been servicing the automation and billing needs of dermatologists and other single specialty groups throughout the U.S.  MedCo Data RCM clients primarily use the Nextech EMR and practice management platform.  As it has with previous acquisitions, Encoda will deploy its flagship Encoda BackOfficeTM software for these new clients, streamlining their claims reimbursement process.  MedCo Data will continue to run its managed IT services and digital marketing division independently.

With the acquisition, Encoda adds experienced billing associates, certified professional coders, and a talented data analytics team passionate about finding and eliminating medical practice revenue leak.  These “data sleuths” are excited to gain access to Encoda’s powerful Maestro AnalyticsTM platform used to monitor and measure performance of medical revenue cycles and billing staff.

MedCo Data CEO, Dan Rodgers, said “It’s rare that two companies, growing without collaboration for years, can discover they share closely aligned goals and culture. Together, we are stronger, and our clients will benefit under guidance from this seasoned, multifaceted leadership team.  Encoda’s software goes well beyond automating claims and remittance management by circumventing the cumbersome PM/clearinghouse format that most physicians use.  Being a part of this revolutionary change has our team very excited about joining the Encoda family.”

Michael Kallish, Encoda’s CEO, stated, “This acquisition is a merger of two companies that share a common mission to significantly improve the financial health of medical practices nationwide. We welcome MedCo Data’s Dan Rodgers as Encoda’s President, and we are thrilled to add his talented staff to our team.  We, and our financial partner, Clearwell Group, encourage other high-performance revenue cycle management companies to contact us and learn how they too can benefit by joining Encoda.”

About MedCo Data
Tampa, FL-based MedCo Data is a leading provider of healthcare IT and RCM services with a staff of certified professional medical auditors (CPMA), certified professional coders (CPC), and data analysts. Using comprehensive metrics and in-depth analytics, MedCo Data helps healthcare providers maximize their revenues.

About Encoda, LLC
Based in Tampa, FL, with offices in Blue Bell, PA, and Carrollton, GA, Encoda is a leader in healthcare reimbursement automation that empowers medical business offices to cost-effectively collect the most money in the shortest time possible. Clients significantly enhance their revenue cycle management process by licensing the patented, cloud-based Encoda BackOfficeTM platform or contracting for services through Encoda’s Revenue Assistance ProgramTM.

For more information, please contact Encoda.

 

Encoda LLC Announces Expansion Plans With Capital Investment From Clearwell Group

Revenue cycle management software and services leader, Encoda LLC, receives strategic investment from Tampa based Clearwell Group.

TAMPA, Fla., May 30, 2017 /PRNewswire/ — Encoda LLC, developer of patented technology that powers the nation’s most innovative and efficient medical business offices, will expand its U.S. operations with funding from investment partner Clearwell Group, LLC. Encoda will use the proceeds to add sales and marketing resources, continue its acquisition of medical billing companies, and accelerate the development of new products and services.

Encoda will advance the capabilities of its Maestro AnalyticsTM platform, which monitors and measures revenue cycle and billing staff performance, and will integrate additional practice management systems with Encoda BackOfficeTM to enable more medical groups, medical billing companies, and PM/EMR vendors to take advantage of its technology.

Encoda BackOfficeTM piggybacks onto a medical group’s billing system, protecting their investment in existing software while conferring them all its patented functionality, which includes transacting directly with payers and responding programmatically to thousands of HIPAA-mandated ANSI X12 codes. Such functionality was largely ignored by the healthcare IT sector as software development diverted away from billing when the government intervened with $17B in subsidies for the adoption of EHR. Encoda’s BackOffice is a truly unique platform that drives a significantly better bottom line for its clients.

“Encoda revolutionized the RCM process, greatly increasing margins for their clients,” explained Clearwell Group Principal, Ryan Cortner. “Co-founder Bill Cox, Michael Kallish, and their team are true innovators in healthcare technology. We are thrilled to make this investment in Encoda.”

Michael Kallish, Encoda’s Chief Executive Officer, stated, “Our team is excited to partner with Clearwell Group as we seek to dramatically expand our business. Clearwell provides the capital, experience, network, and support to help us take Encoda to the next level.”

About Encoda, LLC
Headquartered in Tampa, FL, with offices in Blue Bell, PA, and Carrollton, GA, Encoda is a leader in healthcare reimbursement automation and services. The company’s objective is to enable medical business offices to cost-effectively collect the most money in the shortest time possible. Encoda clients can significantly enhance their billing and collection efforts by licensing the patented, cloud-based Encoda BackOfficeTM platform or contracting for services provided through Encoda’s Revenue Assistance ProgramTM.

About Clearwell Group, LLC
Clearwell Group is a family office based in Tampa, Florida. The goal of Clearwell Group’s direct investment efforts is to build a family of businesses and continue the legacies started by great family entrepreneurs. Our principals have over 35 years of investment experience covering hundreds of individual investments in dozens of industries. We welcome family businesses into our family and work to build lasting, well capitalized, meaningful businesses and brands.

For more information, please email info@encoda.com.