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Medical Billing Software to Streamline Billing Efficiencies for Nearly 300 Providers

SMITHFIELD, UT. & ORLANDO, FL.—July 30, 2009—CollaborateMD, a leading provider of hybrid SaaS practice management and medical billing software for physician offices and third-party billing services, today accepted the appointment of exclusive medical billing software provider for Larsen Billing Service, the largest midwifery billing service in the United States. Once fully implemented, the utilization of CollaborateMD is expected to significantly lower Larsen’s operating costs based on the CollaborateMD suite of solutions replacing the three disjointed, labor intensive billing systems previously used.

“CollaborateMD is by far the most cost-effective solution on the market - for us as a billing service and for our clients,” said Christine Larsen, Larsen Billing Service President. "We believe that this is the single most important business decision we have ever made, and we are confident that because CollaborateMD is a company with great vision, we will never have a need to look elsewhere.”

In order to optimize financial workflow for their customers, Larsen plans to utilize the full CollaborateMD suite of integrated revenue cycle management solutions which includes, but is not limited to electronic claim submissions, real-time eligibility, electronic remittance advice, electronic patient statements, claim review/scrubbing powered by 3M Health Information Systems, and document imaging and storage. These modules will decrease the amount of time Larsen employees spend compiling reports, gathering claim data from payers, and resubmitting rejected claims, resulting in accelerated cash flow and net profit improvement.

“When Larsen approached us with the goal of optimizing their workflow to maintain and grow their business, we knew our solution would be the perfect fit to meet their short- and long-term goals,” commented Eric Rosselot, CollaborateMD vice president of sales. “Helping our customers lower costs is always a key objective, but working with them to improve net profit to be reinvested in continued growth is even more in line with our Company mantra.”

About Larsen Billing Service
Larsen Billing Service has been serving home-birth midwives and birth centers since 2002. They are the largest midwifery billing service in the country, catering to more than 250 clients in 32 states. They are pioneers in a complex industry, advocating for insurance companies to recognize the midwifery standard of care. Larsen Billing Service not only handles the medical billing needs of their clients, they also educate them regarding business issues in general. For more information, please visit www.larsenbilling.com or call 866-726-8522.

About CollaborateMD
CollaborateMD has been helping medical practices and billing services optimize clinical and financial workflow for increased revenue and net profit improvement since 1999. Serving thousands of providers nationwide, CollaborateMD offers the healthcare industry a HIPAA-compliant, 100% Java, hybrid SaaS practice management and medical billing software application, which easily integrates with several leading EHR and laboratory solutions, and offers ePrescribing and secure patient-to-provider communications. For more information, visit CollaborateMD.com, Blog.CollaborateMD.com, or call 888.348.8457.

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