In the extended agreement, Zotec will continue to manage the practice’s revenue cycle, improve cash flow and negotiate contracts with carriers.
MCR is a long-time Zotec client that believes in the company’s proprietary technology and uses the business transparency it provides to optimize revenue, according to David J. Law, executive vice president of sales and marketing with Zotec. He states, “With Zotec’s Comprehensive Zotec Analytics and Reporting (CZAR), MCR has full access to business intelligence capabilities, reporting tools and decision influencing metrics that continue to enhance its cash flow and operations as we move forward.” He also cites that Zotec’s ability to negotiate carrier contracts on behalf of the practice will positively impact its financial success, adding, “We have a proven team of people who are skilled in contract negotiations and they deeply understand the guidelines and idiosyncrasies associated with each payer. With access to vital information and metrics concerning diagnosis claims, claim denials per carrier, and patient bad debt, as examples, we will be able to use this data to negotiate the best rates for MCR.”
To read the press release in full, click here.
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