Posts by Victor Cheung
One Solution for EMS to Tackle the Labor Shortage Crisis
It is an understatement to say that EMS’ labor shortage is a dire situation. NBC News describes the situation as ‘crippling’, with one ambulance operator describing it as “We’re not bleeding any longer – we’re hemorrhaging.” The situation may lead to a death spiral. EMS needs money to increase wages and to hire but is…
Read MoreHow to Unlock EMS Profitability by Using Utilization Rate
If you’re running an Emergency Medical Service (EMS) business and want to increase your profitability, then this article is for you. As a provider of all-in-one Emergency Medical Services (EMS) management software, Traumasoft understands how tough it is for EMS organizations to increase profitability. With 12+ years of experience working with 200+ EMS organizations, we’ve…
Read MoreHidden Reimbursement Proceeds Most EMS Organizations Miss Out On
At Traumasoft, we help EMS organizations generate revenue efficiently and increase profitability through the use of technology. In this article, we invited Melissa Wilder from Alternative Claims Management to share their insights on whether “you’re leaving money in your file cabinets”.
Read More9 Overlooked Areas in EMS Operations That Could be Hurting Your Margins
As owners and operators of emergency and non-emergency medical services, we get it. Running an EMS organization is tough business. Profit margins are thin. Your cash flow is often at the mercy of timely Medicare, Medicaid, and private insurer reimbursements, patients who don’t pay their bills, and even municipal budgets. Even if you are diligent…
Read More9 Problems Your EMS Billing Software Should’ve Solved Yesterday
Even to this day, ambulance billing and reimbursement is not a simple and straightforward process. The latest data provided by Page, Wolfberg & Wirth, LLC, using Medicare data provided by Center for Medicare & Medicaid Services (CMS), shows that a full 10% of all Medicare claims filed by EMS organizations were denied. That 10% translates…
Read More2021 EMS Predictions from 17 Top Industry Leaders
As we prepare and plan for 2021, a little foresight from industry leaders can help. Thankfully, 17 EMS industry leaders have agreed to share their insights and predictions on one or all of the following topics:
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