With a large national footprint and a 99% facility satisfaction rate, IPG partners with leading health plans, surgeons and surgical facilities to deliver high quality care to patients while maximizing partnering facilities ability to perform more procedures in a lower cost, high quality setting. Below are solutions and results for our facilities key challenges.
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Challenges
Attaining appropriate reimbursement to optimize the facility’s utilization and profitability. -
Solutions
IPG collaborates with our health plan partners to align incentives and ensure the appropriate reimbursement to enable the facility to perform more profitable, higher acuity cases. -
Results
Improved profitability and case volume. -
Challenges
Financial infrastructure to manage risk while limiting the considerable overhead required to perform the procedure. -
Solutions
IPG assumes the full cost of the device as well as the financial and patient collections risk for the device, therefore freeing up valuable cash and infrastructure investment normally required to perform these procedures at the more cost-effective facility. -
Results
Improved cash flow with no device risk for high cost and other implants. -
Challenges
Procuring and managing multiple service lines for high cost implantable medical devices - each of these service areas requires ever-increasing expertise to acquire devices, secure health plan authorization, bill correctly and collect for reimbursement. -
Solutions
IPG alleviates the risks and manages the uncertainty around patient authorization, coding and billing, and relieves the facility from obtaining reimbursement for the device. -
Results
Management and support to streamline the process and ensure rapid processing and payment turnaround times. -
Challenges
Recruiting surgeons to perform procedures at the more cost-effective facility while also offering physicians and patients access to best-in-class implantable device technology. -
Solutions
IPG assists surgeons to ensure they understand all their site of care options when scheduling surgeries and works directly with manufacturers to supply the device to the facility for the procedure, making it easy to expand service offerings and increase facility profitability by adding new implantable technologies managed by IPG. -
Results
Attraction of new surgeons with access to best-in-class implantable device technologies. -
Challenges
Achieving higher profitability while making it easier to maintain independence and grow in a market where facilities are often being forced to consolidate due to the complexities of health care administration. -
Solutions
IPG collaborates with their health plan partners to analyze and identify optimal facilities to shift procedures to and alleviate any barriers the facility may have to be able to perform those procedures – (e.g. reimbursement, surgeon recruitment, cash outlay, equipment etc.). -
Results
Increased profitability and independence by shifting high dollar, high acuity profitable procedures to partnering facilities without the need to outlay the cash or build administrative infrastructure.
TESTIMONIALS
“Southern Bone & Joint ASC has found our relationship with IPG to be very beneficial to our center…it allows us to do cases in our center which would have been otherwise impossible because of the use of high cost implants. Being able to do these cases in our state of the art outpatient surgery center is significantly lowering costs for the patient while getting orthopedic specific care.”
– Dr. George M. Ballantyne, Chief Financial Officer,
Southern Bone & Joint dba Georgia Bone & Joint Surgery Center