ORLANDO ST. LOUIS–(BUSINESS WIRE)–

Orchid
Medical Inc. announced it has formed a strategic partnership with Medical
Implant Solutions, LLC (MIS) to deliver a program that substantially
reduces the cost of implantable surgical devices to workers’
compensation payers.

The Surgical Cost Containment Program (SCCP) leverages the competency of
both companies. It employs MIS’s experience in controlling
over-utilization of implantable devices and ability to influence the
cost of the medical device through direct contracts with the
manufacturer. SCCP also leverages Orchid Medical’s proprietary OMNI™
system, along with its operational and sales expertise to deliver SCCP
to the payer cost-effectively.

“Our partner program brings the workers’ compensation industry a dynamic
solution for one of the most cost-inflated areas of medical treatment
for injured workers,” said Brian
Carwile, CEO of Orchid Medical, who notes that mark-ups on medical
implantable devices can be up to 300%, creating a major cost driver in
workers’ compensation surgical claims.

Carwile, who has spent the last 10 years delivering ancillary services
to the workers’ compensation market aimed at helping payers contain
costs, said he is excited to bring this synergistic solution to payers.

By uniting MIS’s direct contracting ability, medical expertise, hospital
relationships and billing validation capability with Orchid Medical’s
cost-effective and customer-focused delivery system, SCCP provides
medical implants at considerable savings, and without interrupting
patient care.

With over 30 years as a practicing orthopedic surgeon, George
R. Schoedinger III, MD, CEO of MIS, has devoted himself to utilizing
physician leadership to improve the quality, efficiency and
affordability of health care.

Schoedinger’s medical experience and passion is the force behind MIS’s
business model. The model focuses on reducing unnecessary expense of
implantable medical devices through lowering out-of-pocket costs, and
providing economic validation for both the implant and physician through
prospective and retrospective audits to prevent inappropriate or
incorrect billing.

“The Orchid partnership takes the MIS model one step further by engaging
a cost-efficient delivery system that aligns with my commitment to
reduce the cost of surgery prevalent in workers’ compensation injuries,”
he said.

Photo links

http://estesandcompany.com/images/GeorgeRSchoedingerIIICEOofMIS.jpg

http://estesandcompany.com/images/BrianCarwile-OrchidMedicalCEO.jpg

Orchid
Medical, headquartered in Orlando, Fla., is a nationwide
ancillary healthcare service company specializing in the workers’
compensation market. The company is known for its high level of
efficiency and standards of quality care solutions that expedite
successful outcomes for injured workers. Orchid’s range of ancillary
medical services includes DME,
Orthotics Prosthetics, Home Health Care, Diagnostic Imaging and
Physical Therapy. The company utilizes OMNI™, an advanced
web-based technology that, among other benefits, allows case managers,
adjusters, physicians, etc. to track workloads, cost savings and
turnaround time.

Medical
Implant Solutions, LLC (MIS), based in St. Louis, MO,
specializes in medical
cost containment that meets today’s challenging medical
marketplace through a business model that provides significant savings
in the care of patients requiring medical device implants ? particularly
those with orthopedic surgical needs.

Article source: http://finance.yahoo.com/news/orchid-medical-medical-implant-solutions-193000478.html

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