What Disruptive Quality Means to Me & ClaimPay MD

"A disruptive quality about my opportunity is that right now is revolutionary timing for a rapidly changing Industry. The Healthcare  is now one of the top growing Industries, bringing in billions of revenue each year. With updates on Regulations & Laws, Electronic Data & Security Breeches, Insurance Policies & Payment Procedures, to ICD-9 Coding advancing into ICD-10, and electronic health records exchange and patient powered care-we all see in the news that there is a lot of change going on in Healthcare and this can be quiet an Head Ache & costly for Medical Providers.  In order to keep up with the consistently changing trends in this market, there is a lot of training to do.   Innovation in the Healthcare Industry is an  advancing evolution and outsourcing,  has become a new resource for the medical world. With headlines reading that outsourcing is the new choice many providers are making- to cut costs and get rid of their in-house billing department right now is the perfect time to start up ClaimPay MD.. This is a new and trendy innovation that helps create a new value and market in network with this ever growing Industry.  And this will eventually disrupts the existing market of in-house billing and replace the value network by displacing that earlier technology of using in house administration, and becoming a new technology outsource for the future."    

by *Toni Lauren Vossen October 7th, 2015 

"Pitch Deck"

Management Team

I am going to get the business started, and secure clients for myself through marketing and word of mouth. As ClaimPay* becomes established, I will hire staff as needed. i will provide the proper training and equipment needed for each hired on to also start a home based office. This will open the doors to a variety of people to join today's working class and help boost the local economy. With the experience and knowledge I have gained from previous employment, I will be of great support to the struggles many see within the billing cycle. I will follow a complete step by step structured guide line that is set with in the binding laws and regulations of Washington State, Department Of Health, and HIPPA's Privacy Practices. 

Customer Problem

ClaimPay* is a resolution specialist providing services to Medical Doctors, Physical Therapists, and Doctors of Chiropractics, who are paying out more than they are bringing in. Our services solves any billing issues with CPT or ICD-10 coding, data entry, claim submissions, claim follow ups, and collection accounts and will quickly gets you paid. Guaranteed or the next month of services will be free.

Products & Services

ClaimPay* will provide end to end billing needs, such as, patient intake, scheduling, data entry, coding, insurance verification, claim submission, payment posting, collections, and analytical reporting. We will offer customized service options, allowing you to make the right fit for you company's needs. There will be constant contact and open communication with the providers administration and with the patients. Our dedicated and supportive staff will be their to assist in the fine details of the entire billing process. Reducing headaches and easing the tension within your office. Our job is to get you paid for the services provided as quickly as possible. Providers will benefit from our services from the notable growth rate in there services paid for, which brings their net worth up, and their ability to concentrate more attention to the patients needs, and their plan of care.

Target Market

ClaimPay* is a home based office that is located in Kelso, WA. Serving the greater part of Cowlitz County and surrounding areas. 
Our targeted market is any medical providers who wants to outsource their billing department to cut costs and increase profits considerably. 
Our goal is to contract with local providers to improve revenue with in our community.

Customers

Our customers will be smaller medical offices who are seeing a shortage in account receivables from payments from insurance company's due to error rejections, denials, and ineffective follow ups from the in house billing departments and have a high average of unpaid aged accounts. We will increase profitability within one month guaranteed.

Sales & Marketing Strategy

ClaimPay* will have prices that will beat all competition and services of today's going rate for outsourced billing companies. The services we provide will be top priority for every customer we contract with. I will advertise on social media, become affiliates with the local medical associations and attend chamber of commerce meeting to get the word out. You will be happy with our services and see a boost in profits by the end of the first month guaranteed or the next month of our services are free.

Business Model

First rate, top of the line communication between the clients and insurance agency, along with highly detailed, organized and effective management skills ClaimPay* will gain 100% of its clients trust with fast and timely responses and quick turn around time for payments. At a considerably lower cost than having an in-house billing department and all competitors locally.

Competitors

Locally there is only one outsourced Medical Billing Office, that I have found and other than that there are several up north. The biggest issue will be selling my services to offices that are already using in house billing department and getting them to be willing to switch to an outsourced billing company.

Competitive Advantage

With a highly detailed and efficient mind set ClaimPay*s goal is to preform top notch service with error-less claim submission allowing a fast turn around time for payments, at an extremely lower cost than all competitors. We want to gain the trust of our customers by showing them that outsourcing really is the best option for their billing needs. 
We use the best technology and the highest reviewed clearing houses found, as well as, actively research the going rates for services provided and adjust our prices, to lower than any of our competition. The point is to gain the trust of providers, so that they continue to outsource billing needs to us, which will allow ClaimPay* to thrive and grow into a more nationally known company. 
It is known that more than 50% of home workers are able to put 25% more time and effort in to the job to get it done, and that will be shown consistently by the improvements in your company bank accounts.