News
Beech Street Providers Seeing Green with Latest Round of Interest Checks
About Beech Street
Beech Street Corporation has over 50 years of reliable service in the healthcare industry and has a network of over 400,000 respected doctors, 3,800 hospitals and over 52,000 ancillary network providers.
Beech Street provides cost containment Network Services, URAC accredited and NCQA certified Clinical Services, and healthcare financial Specialty Services.
More information about Beech Street can be found at www.beechstreet.com.
March 17, 2005.
Beech Street Corporation, the nation’s leading independently owned
Preferred Provider Organization (PPO), announced today that more
than $356,000 in interest payment checks was distributed in 2004 to
providers participating in Beech Street’s financial services
product, the Accelerated Payment Program.
“We’re very satisfied with the benefits that we’ve received
through the Accelerated Payment Program,” said Andrew Wilson,
President of Synergy at Saint Joseph’s, Inc. in Atlanta, GA. “Beech
Street has been an excellent partner, and we’re impressed with
their ability to offer such innovative programs to the provider
community.”
Saint Joseph’s, Inc. is one of numerous providers that are
receiving financial incentives by participating in Beech Street’s
Accelerated Payment Program.
The program is made possible through a partnership with FedMed, a
national healthcare financial services organization that develops
products and services for the provider community together with
large payors of healthcare services. The program allows Beech
Street to offer participating healthcare providers invaluable
timely payment on medical claims, with the average payment time
from the date of service being under 30 days.
In addition to accelerated payment, participating providers gain
access to special financial services such as special high yield
investment opportunities, utilization guarantees, interest payments
on medical claims, and insolvency protection.
“More and more providers are realizing the benefits of belonging
to a prestigious network like Beech Street,” said Bill Hale,
President and CEO of Beech Street Corporation. “Participating
providers are now receiving financial benefits for performing the
same services they perform on a day-to-day basis.”
For more information or to confirm your participation in the
program, please call 800.97.BEECH.
