ATLANTA--(BUSINESS WIRE)-- Implantable Provider Group (IPG) is pleased to announce an agreement with Blue Cross and Blue Shield of North Carolina, Inc. (BCBSNC) to provide implantable device management for participating providers in its extensive provider network. IPG will handle device coordination, billing, replacement, tracking and other services for participating providers in BCBSNC’s statewide ambulatory surgery center (ASC) and hospital outpatient network. Opportunities to participate in the new reimbursement model using IPG will be made available through new contracts with BCBSNC. BCBSNC serves more than 3.7 million customers in North Carolina.
“The cost and complexities involved in managing and maintaining implantable devices can be a major barrier to stand-alone outpatient surgical facilities performing routine surgical procedures,” said Lisa Cade, Vice President of Network Management for BCBSNC. “This new relationship will relieve participating facilities of the financial burden of the implant. This makes it simple and affordable for them to offer surgical services and high quality implantable devices across all specialties, from plates and screws used in orthopedics to defibrillators in cardiology. The IPG solution creates a more cost effective as well as convenient solution for both the procedure and the implant.”
“IPG is excited to be working with BCBSNC to streamline the management and delivery of implantable medical devices and eliminate the complexity and financial risks associated with the billing and reimbursement process for providers. This will subsequently give them the ability to either continue to acquire, or begin to acquire the implantable technologies that their physicians desire for the necessary treatment of their patients, without having to take on the financial challenges and risk of reimbursement on the implants,” said Jay Ethridge, President and Chief Executive Officer for IPG.
IPG streamlines the management and delivery of implantable medical devices by working directly with commercial insurance payors, clinical providers and facilities, and medical device manufacturers through its Implantable Device Benefit Management (DBM) program. The DBM program eliminates the complexity and the financial risks associated with the billing and reimbursement processes for providers, ensuring that patients maintain access to innovative life-saving and life-enhancing device-intensive medical therapies.
Founded in 2004, IPG primarily focuses on large, fast-growth device intensive markets, such as cardiology, neurology, orthopedic and spine implants.
Implantable Provider Group (IPG) works with large commercial and worker’s compensation payors to develop market-based solutions that deliver tangible value to payors, manufacturers, providers and patients in the Implantable Device Benefit Management (DBM) space. Through its Device Benefit Management (DBM) program, IPG are able to eliminate the complexity and financial risks associated with the billing and reimbursement processes for providers, ensuring that patients maintain access to innovative life-saving and life-enhancing device-intensive medical therapies. In 2008, and again in 2011, IPG earned the exclusive ranking of one of the nation's fastest-growing private companies in America by Inc. Magazine. Additionally, Atlanta Business Chronicle named IPG one of the 30 fastest growing companies in Atlanta, with the 2011 Pacesetter award. For more information about IPG, call us at 1-866-753-0046, or visit us on the web at www.ipgsurgical.com.
About Blue Cross and Blue Shield of North Carolina:
Blue Cross and Blue Shield of North Carolina is a leader in delivering innovative health care products, services and information to more than 3.7 million members, including approximately 900,000 served on behalf of other Blue Plans. For 77 years, the company has served its customers by offering health insurance at a competitive price and has served the people of North Carolina through support of community organizations, programs and events that promote good health. Blue Cross and Blue Shield of North Carolina is an independent licensee of the Blue Cross and Blue Shield Association. For access to BCBSNC online, visit www.bcbsnc.com.
For Implantable Provider Group
Tracy Paden, 404-227-4580
KEYWORDS: United States North America Georgia North Carolina
INDUSTRY KEYWORDS: Surgery Practice Management Health Hospitals Medical Devices Professional Services Finance Insurance