FedMed's primary focus is, and has always been, providing the deepest and most stable discounts in the claims cost management industry. FedMed is a healthcare financial services organization that works with large payors of healthcare services to deliver innovative solutions to providers. It is FedMed's goal to provide maximum savings to clients while preserving flexibility. Today's process of managing claims submissions and payments continues to be an administrative and logistical hurdle for hospitals, physicians, and payors alike. FedMed bridges this gap and reduces friction between payors, administrators and providers by offering tangible financial products and services for the provider community. FedMed's strategy is to bring predictability of revenue and cash flow to providers in return for significant discounts to FedMed's payor clients. We have developed a suite of products and services that are designed to enhance the relationship between payors and providers. Over 3,000 Hospitals, 35,000 Ancillaries and 350,000 Physicians currently participate in FedMed's National Provider Network. Our payor clients include insurance companies, third party administrators and self administered employer groups. FedMed contractual savings rates are among the deepest in the industry. Payors gain an opportunity to increase savings with existing participating providers while expanding overall savings through the addition of new providers.
All providers participating in the FedMed program have contractually agreed to provide price concessions in exchange for the services offered by FedMed. Offering a real-time HIPAA compliant solution, the FedMed repricing platform is fully scaleable and multi-tiered. Through the use of the Internet and Electronic Data Interchange (EDI) technology, FedMed provides a seamless process to exchange information and perform transactions quickly and easily. Our repricing solution allows payors the ability to simplify administration while increasing productivity, accuracy and claims turnaround time. Provider Distribution Map The following is a map showing geographical distribution of FedMed's contracted providers:
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