Last Updated on August 3, 2012 by DeanR
Synergy Healthcare Resources Franchise Information
Synergy Healthcare Resources is a franchise for a business providing management and billing services to Healthcare companies.
It was founded in 2003 and started franchising in 2008. They are committed in providing the highest level of reliability, productivity, and honesty in claim reimbursement and account management to healthcare communities. They provide training, education, and technology to their employees for them to be able to provide the highest quality of service to their clients.
They provide a level guarantee in their contract, they have been specializing for 25 years in billing, they have a proven track record, they maintain excellent customer service, they meet all HIPAA requirements, and they don’t get their payment until the service you provided to your customer has been paid. They now have two locations in the United Stated and one location that is company owned.
What services do they provide at Synergy Healthcare Resources?
They provide Dedicated Billing Specialists, Coding, Reports, Claims Follow-up, Billing, Statements, Posting, Review, and Regulatory Requirements. So far, they have provided services and specializes in chiropractic, cardiology, critical care, dermatology, emergency medicine, family practice, gastroenterology, general practices, internal medicine, oncology, physical therapy, radiology, and urology just to name some.
They also have Synergy’s Software Solution in the form of Practice Manager X3. This is a software that helps you manage billing services, account collections, insurance billing, practice marketing, managed care, and accounts receivable. It is specifically designed for healthcare communities which mean that they know the requirements of HIPAA and it has been incorporated into the software. Practice Manager X3 comes with proven support, timely support, and experienced support.
What are the benefits that a healthcare community gain from outsourcing these services?
They will be able to eliminate expenses on billing software, it steers you away from the billing and collection process, lessens the expense of staffing, removes your worry on losing billing staff, lessens the costly and unproductive trainings, keeps your focus on patient treatment, establish an effective and timely cash flow, and assures you that you are compliant with the HIPAA billing process.
Cost and requirements on running a Synergy Healthcare Resources franchise
You need to have a net worth of $50,000 to $75,000 and a total liquid asset of at least $10,000 to $15,000. Expect to be investing about $69,000 to $91,300. The cost of Synergy Healthcare Resources franchise fee is $35,000 with an on-going royalty fee that varies. This is for a renewable five year term agreement. You will need about two to four employees to run one location. This franchise can be run from home. They allow absentee ownership.
What is included in the franchise package?
There will be one week training at the headquarters, four months at your location, and an annual conference that lasts three days. You will be receiving newsletters and a toll free phone number. You will be given access to the internet and to purchasing cooperatives. You will also be provided assistance at the grand opening. Expect to be attending meetings and receiving occasional field evaluations. For marketing support, there will be ad slicks, co-op advertising, regional advertising, and national media.
Synergy Healthcare Resources Contact Details
Address: 1150 Eastport Dr. Suite C1 Valparaiso, IN 46383
Phone: (800) 652-3519
E -mail: info@synergyhealthcareresources.com