Zotec Partners, a medical billing and practice management company based out of Indianapolis, Ind., has entered into an exclusive revenue cycle management agreement with Medical Administrative Professionals (MAP).
MAP is the management organization behind Diversified Radiology of Colorado (DRP) in Denver. DRC, a practice that includes 55 radiologists, had previously handled all billing services in-house.
“Diversified Radiology is in the business of delivering high-quality diagnostic imaging services, and this strategic decision allows us to lower our business costs, gain access to up-to-date revenue cycle and analytics technology, and focus on our core clinical strengths,” Kip McMillan, MAP CEO, said in a prepared statement.
Steve Collins, Zotec’s vice president of business development, said in the same statement that this new agreement will be beneficial for DRC when working with its hospital partners. DRC will also learn more about its patients, he added.
“With our patient experience tools such as opt-in text messaging and direct-from-smartphone payments, Zotec not only provides self-pay accounts with the ability to easily make payments, but through analysis we can show DRC critical information such as patients’ propensity to pay, and develop follow-up strategies based on these trends,” Collins said in the statement.
Back in March, Zotec Partners announced a similar agreement with Toledo Radiological Associates (TRA).