News: Press Releases
MedSave USA Forms Strategic Partnership With Magna Legal Services
4/30/2009
(April 30 - Hauppauge, NY) MedSave USA, a leading national provider of medical record retrieval services, announced today that the company has forged a strategic partnership with Magna Legal Services of Philadelphia.
"The services offered by MedSave and Magna create a natural synergy," noted Jeff Baker, President at MedSave. "And while MedSave is a leading provider of record retrieval services, Magna is a recognized provider of court reporting, jury research and trial presentation support services."
Mr. Baker observed that the partnership strengthens each company's positions
and service offerings. "Our clients now can work seamlessly through us to access
services provided by Magna, and the same is true for Magna's clients."
Peter Hecht, Vice President of Business Development for Magna, added, "Our
alliance with MedSave permits both companies to offer a broad array of litigation
support services to our respective clients. In this economic climate, it's
a welcome solution for all parties."
Record Retrieval Service Providers See Medical Records Going Digital
3/6/2009
There has been a well-publicized push by the Obama administration to computerize medical records," noted Jeff Baker, MedSave USA's president. "This initiative will benefit providers and their patients, and will result in a more accurate, cohesive body of medical records for all patients in the United States," he added.
President Barack Obama recently announced that acting in conjunction
with Congress, he was prepared to "make the immediate investments necessary
to ensure that within five years, all of America's medical records are computerized."
Although MedSave management expects that some records may experience a lag
in the transfer to a digital format, the company still applauds the huge undertaking.
"As a medical record retrieval service, our employees interface daily with
hundreds of providers who deliver hard-copy records because no requirements
exist for electronic medical records," Mr. Baker stated. "We absolutely recognize
the positive impact a comprehensive health IT system will have in the U.S."
Harvard Study: Electronic Record Use Reduces Malpractice Claims
3/6/2009
According to a recent study, use of electronic health records may help reduce hefty malpractice settlements for physicians and insurance companies.
The study, which was conducted by Harvard researchers, found that 6.1% of physicians with electronic records had malpractice settlements, compared to 10.8% without electronic records.
"The results of this study indicate that preventing medical malpractice claims may be another compelling reason for physicians, practices and policy-makers to forge ahead with efforts toward universal adoption and optimal usage of electronic health records," said Steven Simon, a professor at Harvard Medical School and the lead author of the study, which was published in the November 24 issue of the Archives of Internal Medicine.
The researchers believe that electronic records decrease malpractice claims
because they offer easy access to a patient's history, which leads to fewer
errors, and clear documentation of care in the event of a legal battle.
"This study proves out the essential value brought by the use of electronic
medical records," noted Jeff Baker, President of MedSave USA.
"As a provider of medical record retrieval services, we at MedSave USA can
attest to the fact that hard copied records offer less integrity than their
electronic counterparts. But this study only scratches the surface; there are
a myriad of reasons supporting the implementation of comprehensive health IT
system in the U.S., including improved healthcare, fewer medical errors, greater
economy, and the generation of new jobs," he concluded.
MedSave Notes Upswing in Outsourcing Demand
4/15/2009
In an economy where job cuts are increasingly becoming the norm, MedSave USA announced today that the company has added a total of at least 80 new positions.
"We have already hired more than 80 associates who will take on assignments in Knoxville, Tennessee, Springfield and Boston Massachusetts, as well as in Philadelphia, Pennsylvania," noted Jeff Baker, President of MedSave's record retrieval division.
Baker attributes the company's growth to the recognition that outsourcing record retrieval services to his firm is more cost effective than maintaining in-house labor for both the insurance and legal industries.
"This increase in requests for record retrieval appears to be an economic trend that confirms the cost-effectiveness of outsourcing this service," he noted. "And the selection of MedSave USA as the provider of these services is a testament to our excellent customer service and our superior IT solutions," he stated. "Even in this volatile economic climate, it's clear that both our market and our partner providers recognize the efficiency and cost-effectiveness that MedSave offers." Mr. Baker added that MedSave offers clients other strategic business solutions for reducing costs, increasing operational efficiency and improving quality control.
The Case For Outsourcing Record Retrieval
8/22/2008
Today's economic climate requires that insurance carriers remain nimble and responsive to market conditions. This model permits insurance firms to move quickly, reduce loss adjusting expenses, and resolve claims expediently. The strategy, overall, allows carriers to experience enhanced profitability. One of the keys to this nimble approach is that of outsourcing, a growing trend among leading carriers throughout the U.S. Outsourcing medical record retrieval, for example, is a key example of one way to reduce LAE and minimize the cycle for claims settlement. Research shows that when record retrieval is outsourced rather than managed through carriers, the cycle for claims settlement is condensed, LAE is minimized, and insureds report a better claims experience due to an expedited process. "When record retrieval is outsourced, insurers are free to deploy their resources toward developing and sustaining core competencies and are free of the administrative and economic burden of supporting this infrastructure," observed Jeff Baker, President of MedSave USA, a leading record retrieval company. Baker notes that there are some specific capabilities that a carrier should look for in an outsourcing partner: the ability to handle a critical mass of claims that matches the client's needs in multi-state operations; automated processes to reduce costs and increase productivity; defined program goals that conserve client assets online data analysis for immediate access and interpretation of activity and results. If survival in the insurance industry means being nimble, choosing the right outsourcing partner can be the difference between mere survival and real success.
MedSave Grows, Relocates to Accommodate Expansion
8/25/2007
MedSave USA, one of the nation's leading providers of healthcare cost containment and medical record retrieval services, announced that the company's recent business growth has resulted in a move to a larger facility. "We're pleased to note that our relocation was prompted by a dramatic growth in our business," observed Jeffrey Baker, President of MedSave USA. "Although MedSave's business has grown incrementally in the past decade, recent advances in our technology have helped our business to grow exponentially just in the past year," he noted. "We can now offer our clients exclusive, unprecedented advantages, like real-time seamless integration of programs," he concluded. MedSave's move to Hauppauge, Long Island, means that the company now occupies a building with more than 15,000 square feet, tripling the 5,000 square footage of its original offices. MedSave also has more than doubled its staff, and expects to add more employees as its growth continues.