Medical billing firm Zotec Partners has signed a revenue cycle management agreement with a company in Denver.
The agreement is with Medical Administrative Professionals, the management services organization of Denver-based Diversified Radiology of Colorado. Diversified Radiology has 55 radiologists and handed its billing in-house for several decades. In the new arrangement, Medical Administrative Professionals will use Zotec's revenue cycle management agreement to monitor data and contribute to the growth of the radiology practice, the firms said.
Cost and effectiveness were the main drivers for Diversified Radiology to switch to outsourcing its billing. Working with Zotec as a billing partner will also give Diversified Radiology access to data and metrics to improve both hospital relationships and patient experiences, the companies added.
