Cutting cost through innovative purchasing services
		Hospital Workers' Compensation
		IPS has designed its programs to meet the unique processes of Workers' Compensation billing and reimbursement programs with a carve-out payment for implants. By contracting with IPS, the provider is no longer responsible for claim submissions to Workers' Compensation for medical devices. More importantly, IPS takes responsibility for payment to the manufacturer. Thus, hospitals may have devices available to surgeons at no cost. IPS can interface directly with hospitals and other healthcare providers to create a streamlined and consistent Workers' Compensation claims submission system with no disruption to the ordering or shipping processes currently in place. IPS contracts with hospitals to assume their Workers' Compensation billing for implants with no cost to the hospitals IPS provides hospitals with an experienced procurement and billing program for their implant needs IPS pays the implant manufacturer and collects reimbursement for its services
		Benefits to Providers
		Benefits to Providers with the IPS Workers' Compensation billing program: Eliminates "Accounts Receivables" headaches caused by delayed or no payment for implants Increases cash flow by freeing up money currently tied up in implant orders Reduces loss through well-managed process Strengthens hospital-surgeon relationships
		The IPS Process
		IPS will provide the interface with the manufacturer for the hospital's implants and submit the hospital's reimbursement claims directly to the Workers' Compensation carriers, enabling the hospital to free up cash flow and administrative personnel. IPS contracts with hospitals to assume their Workers' Compensation billing for implants and collection of reimbursements without any additional costs to the hospitals. IPS provides hospitals with the benefits of its expertise in pre-authorization, billing and collections for implantable products, reducing the financial exposure of healthcare facilities threefold: Eliminating the need for hospitals to outlay cash for purchases of implants, thus increasing cash availability Decreasing the financial risk attendant to the collection process Streamlining the process of making implants available to surgeons and their patients who need them
		Strong Leadership
		The IPS Senior Management Team has significant experience in the following areas: Health Plan-provider contracting Hospital implant billing and financial management Billing systems, third party reimbursement and collections Implant purchasing contracts Operational planning and program development Health care law IPS is located in Philadelphia, Pennsylvania.
502 West Germantown Pike, Suite 750 Plymouth Meeting, PA 19462 info@implantpurchasing.com   © 2005- Implant Purchasing Solutions		Getting Started: The Steps
		IPS can assume or create a Workers' Compensation billing process, while simultaneously integrating its procedures into an existing implant ordering process in a seamless fashion: IPS presents services and performs provider analysis to determine program needs IPS presents findings and tailors program to meet the provider's specific goals Contract between IPS and provider is finalized IPS begins implementation phase Workers' Compensation Implant Billing and Reimbursement program is operational usually within 30 days or fewer With IPS providing Workers' Compensation Implant Billing and Reimbursement services, the hospital's resources will not be constraining access to state-of-the-art technology. Surgeons and their patients can be assured that their hospitals can obtain the most advanced devices. IPS is the solution to the pressing need to make surgical implants accessible and affordable to hospitals and physicians, and to their Workers' Compensation patients.