RescueMed Financial, LLC

Background

RescueMed Financial, LLC specializes in Revenue Cycle Management (RCM) with a primary focus on air and ground Emergency Medical Services (EMS). The company's mission is to bridge the gap between purpose and payment while maintaining a strict focus on compliance.

Key Strategic Focus

RescueMed Financial offers comprehensive billing solutions designed to streamline processes, enhance revenue, and ensure accuracy and compliance. Their services include:

• Data Gathering: Collaborating with ePCR vendors to automate the import of billing data into the billing system.

• Verification: Reviewing ePCRs and associated documentation to confirm completeness and accuracy, including insurance and demographic verification.

• Charge Assignment and Coding: Utilizing certified coding professionals to assign appropriate charges and ICD-10 codes, ensuring precision without relying on AI.

• Claim Submission: Managing electronic and paper claim submissions with a 98.5% first-pass clean claim rate.

• Appeals: Addressing denied or underpaid claims with a 75% success rate in overturning decisions at the first level of appeal.

• Reporting and Analytics: Providing customizable reports and analytics for informed decision-making and strategic planning.

• Documentation Training: Offering tailored training sessions to improve documentation practices, available in-person or virtually.

• Audit Services: Conducting comprehensive reviews to ensure accuracy, compliance, and revenue optimization.

• Accounts Receivable (AR) Cleanup Services: Addressing outstanding receivables to restore financial stability and improve cash flow.

Financials and Funding

As a newly established entity, specific financial details and funding history for RescueMed Financial are not publicly disclosed.

Pipeline Development

RescueMed Financial focuses on enhancing its service offerings in EMS billing and revenue cycle management. The company is committed to continuous improvement and adaptation to industry changes, ensuring clients receive the most effective and compliant billing solutions.

Technological Platform and Innovation

RescueMed Financial employs the Traumasoft practice management system, a leading ambulance-specific billing software. This platform facilitates efficient claim processing, with most claims processed and submitted within two business days.

Leadership Team

Marie Johnson, MA, CAC, CAPO, CACO, CADS
President & Chief Executive Officer

Marie Johnson brings nearly 30 years of experience in healthcare revenue cycle management, with over 20 years dedicated to the air and ground ambulance industry. She holds multiple certifications, including Certified Ambulance Coder (CAC), Certified Ambulance Privacy Officer (CAPO), Certified Ambulance Compliance Officer (CACO), and Certified Ambulance Documentation Specialist (CADS). Marie's expertise encompasses ambulance coding, insurance data management, and compliance, driving financial stability and operational excellence for her clients.

Leadership Changes

There are no recent significant changes or appointments within the company's leadership team.

Competitor Profile

Market Insights and Dynamics

The EMS billing industry is characterized by complex reimbursement processes, stringent compliance requirements, and the need for specialized expertise. Efficient revenue cycle management is crucial for EMS providers to maintain financial health and operational efficiency.

Competitor Analysis

Key competitors in the EMS billing sector include:

• Rescue One Financial: Specializes in debt management and consolidation services, focusing on consumer debt solutions.

• Financial Rescue LLC: Offers marketing services for debt settlement programs and law firms, providing solutions for various financial concerns.

• RescueMD: Manufactures skin repair products, operating in the personal products industry.

While these companies operate in related financial services sectors, RescueMed Financial's specialization in EMS revenue cycle management distinguishes it within the industry.

Strategic Collaborations and Partnerships

RescueMed Financial collaborates with ePCR vendors to build integrations that automate the import of billing data, enhancing efficiency and accuracy in the billing process.

Operational Insights

RescueMed Financial's distinct competitive advantages include:

• Industry Expertise: Decades of EMS-specific experience combined with innovative approaches.

• Proven Results: Demonstrated ability to deliver exceptional financial outcomes for clients.

• Customer-Centric Focus: Commitment to understanding and fulfilling client needs through transparency, collaboration, and tailored solutions.

Strategic Opportunities and Future Directions

RescueMed Financial aims to expand its client base by leveraging its expertise in EMS billing and compliance. The company is focused on continuous improvement of its services, staying abreast of regulatory changes, and adopting innovative technologies to enhance revenue cycle management for EMS providers.