LeonardoMD Collaborates with Collections Agency Transworld Systems to Provide Fully-Integrated...

Tue Jan 8, 2008 10:58am EST

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LeonardoMD Collaborates with Collections Agency Transworld Systems to Provide
Fully-Integrated Solution

    SANTA ROSA, Calif., and SAN DIEGO, Jan. 8 /PRNewswire/ -- Transworld
Systems Inc., the industry leader in profit recovery, and LeonardoMD, Inc., a
premier provider of web-native practice management and clinical software,
recently collaborated to offer medical practices a completely integrated
solution to streamline the collections process for slow-paying patient
accounts and insurance resolution.  LeonardoMD selected Transworld as the
collection agency to offer its collections service, GreenFlag(SM) Profit
Recovery, to all LeonardoMD clients at preferred pricing.
    "This is an ideal collaboration because not only are both our innovative
services web-based, but we both share a commitment to superior customer
service," said Ken Eissing, Senior Vice President and General Manager,
Transworld Systems Inc.  "LeonardoMD's interface with our GreenFlag service
provides mutual clients with an easy-to-use technology that will streamline
their operations as well as allow them to focus on what they do best --
providing quality medical care."
    The seamless GreenFlag / LeonardoMD interface minimizes internal efforts
and reduces billing costs, subsequently increasing practices' cash flow.
Practices have two options in order to transfer their delinquent accounts to
Transworld Systems to handle the collections -- they can flag them and send
them over with a few mouse clicks, or they can establish pre-determined
parameters for when collections are to begin, and the system will
automatically send them over to Transworld Systems.
    "We've seen tremendous results and saved time in the process," said mutual
client Becky Frias of Gastroenterology Diagnostic Clinic in Pasadena, TX.
"The software interface was easy to set up due to the excellent support we
receive from LeonardoMD.  Now that it's up and running, I don't have to spend
hours entering the data.  To be honest, I'm surprised at the vast improvement
in both patient and insurance collections."
    Transworld Systems also provides the impact of third-party intervention,
while preserving valued patient relationships.  Transworld Systems has
extensive experience in the healthcare industry and has been an MGMA(R)
(Medical Group Management Association) AdminiServe(R) Partner (AdminiServe is
the branded name for the association's preferred supplier network.) since
1998.  Transworld also recently attained the coveted Healthcare Financial
Management Association (HFMA) Peer Review designation.
    "As insurance carriers continue to cut reimbursement and make it
increasingly difficult for medical practices to thrive, forward-thinking
practices are turning to new solutions to fight back," said Kyle Palla, Vice
President of Business Development, LeonardoMD.  "The collaboration between
LeonardoMD and Transworld Systems enables practices to streamline their
collections efforts at a critical time in the revenue cycle.  The LeonardoMD
web-based practice management software and EMR (electronic medical records)
eliminates the IT hassles typically associated with medical collections, and
this alliance demonstrates our commitment to offering new solutions to
automate the revenue cycle."
    About Transworld Systems Inc.
    Transworld Systems Inc.(R), a wholly owned subsidiary of Outsourcing
Solutions Inc.(R), is an industry leader in profit recovery with headquarters
in Santa Rosa, CA, and more than 100 offices throughout the United States and
Puerto Rico.  Transworld and its service brand GreenFlag(SM) Profit Recovery
are redefining the collection industry by providing businesses with better
tools for recovering bad debt and past due accounts.  With a success rate more
than triple the industry average, Transworld has collected $2.4 billion over
the past 5 years for more than 60,000 clients.  Transworld Systems is a
Medical Group Management Association (MGMA(R)) AdminiServe(R) Partner and has
attained the Healthcare Financial Management Association's (HFMA) Peer Review
Designation.  For more information, call Ken Eissing, Senior Vice President
and General Manager, at (314) 576-0022 or ken.eissing@transworldsystems.com or
visit http://www.transworldsystems.com.
    About LeonardoMD
    LeonardoMD is a leading provider of web-based medical practice management
software and electronic medical records (EMR) to thousands of physicians,
billing services, and medical providers across the US in every major medical
specialty.  The LeonardoMD software as a service (SAAS) suite of applications
is delivered over the web through an Internet browser to eliminate the
traditional investment required for servers and IT staff.  LeonardoMD's
products are designed to automate every step of the revenue cycle and patient
care.  Founded in 2000, LeonardoMD is headquartered in San Diego, CA.  To
learn more about LeonardoMD, please visit http://www.leonardomd.com.

Available Topic Expert(s): For information on the listed expert(s), click
appropriate link.
Steven K. Richards
Ken Eissing

SOURCE  Transworld Systems Inc.

Kyle Palla of LeonardoMD, Inc., +1-858-450-6611, kyle.palla@leonardomd.com; or
Ken Eissing of Transworld Systems Inc., +1-314-576-0022,
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