Telfonix.com Forms a Partnership, and Creates Somatikos.

January 8 2004--Our new partnership with the Lapwing family will give us a presence within the Florida Counties of Sarasota, Charlotte, and Manatee. Telfonix.com will bring their medical billing experience to the table, which will enhance the product offerings of Somatikos. "Telfonx.com is now conducting Full Practice Management for 2% of all chiropractic practices within the greater Jacksonville market, and plans to build on its success in this market following through an aggressive marketing campaign and opening up additional satellite offices throughout Florida" states Lisa Abbruzzino.    

     Telfonix.com processes on average $400,000/month in insurance claims for doctors throughout Florida, with gross monthly revenues averaging $21,000/mth. "Right now we are trying to catch our breathe because of the unexpected success that Telfonix has had in just four short months. Our goal is to work with our current doctors and provide them with the best customer service and maintain our industry low 1% to 7% rejection rate, while gradually growing the business. Our forecast is to process $750,000/month in medical claims by years end" said Lisa Abbruzzino.
     Telfonix offers a Data Center Program, which provides the perfect mix of technology, service, and health information management for our billing companies and their clients to meet today and tomorrow's HIPAA challenges. Telfonix (through IAMS) has partnered with AT&T to develop and deploy a complete HIPAA requirement health information solution. HIPAA requires that all healthcare organizations (billing companies, healthcare providers, clearinghouses, etc.) adhere to new standards for security and privacy of patient information. To meet only some of the HIPAA security requirements, you would have to invest thousands of dollars. The IAMS Data Center Program with AT&T's secure data center technology brings reliability, availability and security together in one program.
     The Telfonix total software solution puts doctors ahead of the competition and gives them the advantage in this growing industry. Reimbursement Manger® is a state-of-the-art and user-friendly software. It is dynamically designed for the unique needs of the billing company and the physician in mind. The design and implementation of Reimbursement Manger® is based on the experience drawn from thousands of billing companies and physicians.

     Claims – Through their relationship with ENS (one of the largest clearing houses), Telfonix.com is able to offer our clients unlimited claims processing, without a set-up fee, at a significant discount. Also, this discounted fee gives Doctors the ability to track their electronic claims through the approval process.

     Chiropractors – Telfonix.com has been able to successfully penetrate this market because of our Hipaa compliant system, our turn around time on claims, additionally our low rejection rate. However, the main reason chiropractors are choosing Telfonix.com is simple. The Telfonix.com pricing structure includes the processing of all soap notes. This is a time consuming process for Chiropractors, and Telfonix has risen to the challenge. If a company utilizes our template (geared towards their needs), we will type and enter all of their soap notes.

     Frank Abbruzzino stated "We have gone beyond than just providing you with a software solution with Reimbursement Manager®. Telfonix provides doctors with an entire environment that puts you far ahead of any competition". Telfonix can offer clients a solution that is flexible, convenient, and also fulfills the many security requirements mandated by new federal law. No other company offers you this complete solution. Many medical software companies have just altered their software to meet the new transmission standards, then claiming they are HIPAA compliant. For more information on Telfonix, visit one of their two web sites at www.telfonix.com or www.telfonixmedicalbilling.com




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