Capture Billing & Consulting, Inc. Continues to Expand in Weak Economic Times

Business Wire, July 8, 2008

Medical billing firm excels in getting doctors' and patients' medical claims paid quickly by slow-paying health insurance companies

WASHINGTON -- Capture Billing & Consulting, Inc., a full-service medical billing company, continues to flourish in today's slowing economy. To accommodate the company's growth, they have recently relocated their Washington, DC-area headquarters to new, state-of-the-art, secure facilities in South Riding, Loudoun County, Virginia. This triples the size of Capture Billing's previous office space. Even with the soft job market, staffing for the company has increased by 20% for the first 2 quarters of 2008 and its mid-year revenue has hit record levels.

The company has developed and offers a specialized system of total management of the medical insurance billing cycle with strict adherence to HIPAA compliance and quality control. Capture Billing has quickly become a rising star in the outsourcing medical billing industry.

Through Capture Billing's innovative system of insurance accounts receivable management, it consistently surpasses Medical Group Management Association (MGMA) benchmarks for better performing practices in regards to how quickly it can collect benefit payments from health insurance companies for its clients. The MGMA is a premier organization for compiling A/R financial data for medical offices.

What makes Capture Billing & Consulting, Inc. so unique is that the company was formed from the perspectives of a practicing physician and medical practice manager, Dr. John D. Farrell, Jr., and Chief Operations Officer Manny Oliverez. Both are intimately acquainted with the hassles and burden of medical billing and know exactly how to navigate through the tangled web of insurance companies to get patients' medical bills paid.

According to Manny Oliverez, "Capture Billing was created in 2004 with a $250 investment to help medical practices recoup money from poor and slow-paying insurance companies. We wanted to assist physicians so they could reinvest in better medical equipment and staff. We want doctors to spend more time with their patients in order to provide higher levels of healthcare instead of worrying if an insurance company was going to pay for the patient's healthcare."

Capture Billing plans to continue expanding its operations and workforce by offering new services to help physicians improve and streamline their insurance billing.