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AdvancedMD Appoints William Stone Vice President and General Manager of Billing Services Partner Program

Thursday, March 11, 2010 General News J E 4
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Former MED3OOO Executive Hired to Take AdvancedMD's Independent Partner Network of AdvancedBillers to a National Level

SALT LAKE CITY, March 11 /PRNewswire/ -- AdvancedMDŽ Software, Inc., a leader in software-as-a-service (SaaS) electronic health record (EHR) and revenue cycle management (RCM) automation solutions designed to optimize medical practices, announced that William H. Stone has joined the executive management team as Vice President and General Manager of Billing Services. Stone will direct all aspects of business development and sales growth related to AdvancedMD business partners, reporting to Eric Morgan, CEO.

Stone will be responsible for launching the new AdvancedBiller partner program designed to provide qualified billing services with marketing, co-selling and lead sharing programs. Unlike most EHR/PM software providers, AdvancedMD has a made a commitment to not compete with its billing service partners, but instead supports them with advanced web-based billing and clinical software combined with sales and marketing support to help them grow.

William Stone joins AdvancedMD with more than 17 years of sales and medical billing operations management experience. Prior to joining AdvancedMD, he was Corporate Vice President, Business Development, for MED3OOO, a leading healthcare management and technology company, servicing physician groups, provider networks, and EMS organizations. During his 11 and half-year tenure at MED3OOO, the company grew from a small medical service provider into one of the nation's largest healthcare management companies in the ambulatory outsource service sector, with more than $137 million in recurring revenue under contract and more than 1,700 employees in 15 operating centers across the country.

Stone has been involved in building healthcare management companies his entire career. After earning his graduate degree in health administration, he helped launch a management company, United Physician Affiliates, providing TPA services to a 1,000 + physician organization in Houston, Texas. The management company was ultimately consolidated into Heritage Health Systems, which is now an operating subsidiary of a Fortune 500 Company, Universal American Corp., a provider of health insurance and managed care products and services to the senior population in the United States.

"I see great potential for rapid growth at AdvancedMD," said Stone."Small medical practices throughout the United States have not had access to affordable, leading edge automation tools to assist in the delivery of healthcare. During my years at MED3OOO, I witnessed the improvements that have taken place among the large healthcare delivery systems. I'm excited to be part of an organization that is well positioned to deliver these types of technologies through partnership with leading medical billing companies throughout the US. Traditionally underserved, independent practices are is increasingly looking to medical billing companies to improve their bottom-lines. Our billing partners' local relationships with physicians, in combination with our web-based technology, is a winning solution."

Morgan added: "The depth and breadth of Bill's industry knowledge, and his experience in helping MED3OOO grow into the nation's largest, privately-held revenue cycle management company will allow us to accelerate the deployment of our AdvancedBiller partner program. We are delighted that Bill chose to come to work for AdvancedMD."

AdvancedMD Resources:

  • Learn about AdvancedMD's AdvancedBiller partner program.
  • Learn about AdvancedMD's  revenue cycle management software for billing services, as well as practice management tools and clinical EHR software for independent practices.
  • View the CEO video about revenue cycle management for medical billing services.

About AdvancedMD Software

AdvancedMD provides a market leading Software-as-a-Service (SaaS) electronic health record (EHR) and practice management (PM) software platform delivered to 13,000 providers and 300 billing service providers nationwide. As a complete Physician Office Optimization solution, the product combines the clinical with the financial to improve workflow and revenue capture. The AdvancedMD solution includes a certified EHR, patient portal, scheduling, electronic eligibility verification, electronic prescribing, and mobile access capabilities for the practice, and sophisticated, efficient claims processing, denial tracking and revenue management for the billing professional. Processing more than 1M claims per month through its clearinghouse, the company is able to identify payer rule changes quickly and continuously adjust the software to reflect those changes, yielding first-pass claim acceptance rates of 95 percent or better, compared to the national average of 70 percent. For more information, please visit www.advancedmd.com.

SOURCE AdvancedMD Software, Inc.

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