It’s well known that one of the biggest headaches doctors and healthcare givers have is dealing with the variety of patient healthcare plans in order to maintain a timely and healthy cash flow. Cash flows for doctors have been significantly affected by government programs and insurance companies, forcing many providers into a cash flow crisis. It’s a problem that has compromised not only the financial health of providers, but also the quality of medical care they provide. The result has been a clear and growing need for a system that removes much of the cash flow burden and risk from doctors, replacing it with predictable income for doctors and an efficient support program for patients that ensures the best results for everyone involved. It’s a gap being filled successfully by Texas-based Spine Pain Management.
From the medical provider’s perspective, Spine Pain Management is a medical, management, billing, and collection service, that functions essentially as a medical receivables purchase company. Doctors in affiliated centers contract with SPIN to shift financial risk in the collection of accounts receivables. SPIN pays these providers a percentage of the gross billing up-front, upon completion of each covered medical procedure, giving them immediate and predictable cash flow. SPIN thus assumes the risk and time involved in final collection.
For patients involved in work related injuries or other accidents, SPIN represents a managed support and advocacy program to assist injured patients in receiving the appropriate treatment needed to maximize outcome. SPIN coordinates financial programs with the patient’s doctor, facilitating the selection of optimum diagnostic and treatment procedures.
The focus of Spine Pain Management is, as the name implies, the patient who has sustained traumatic spine injuries, delivering turnkey solutions to spinal health care providers for the necessary treatment of musculo-skeletal injuries resulting from accidents. Promoting early treatment reduces the chance that injuries will escalate.
In the U.S. alone, spine treatment represents an expanding multi-billion dollar market, with rapid growth expected to continue for the foreseeable future. SPIN plans to continue rolling out its well-received business model across the U.S. into major metropolitan cities through affiliates comprised of established spine clinics.
For additional information, visit the company’s website at www.SpinePainInc.com
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