New Collaboration to Increase Payer Reimbursements and Patient Access
LITTLETON, Colo., Dec. 15, 2022 (GLOBE NEWSWIRE) — Vivos Therapeutics, Inc. (“Vivos” or the “Company”) (NASDAQ: VVOS), today announced the creation of a new strategic collaboration with Nexus Dental Systems (“Nexus”), which Vivos expects to generate new revenues starting immediately.
Vivos and Nexus believe their alliance will significantly impact the way medical billing is done in the industry, ultimately leading to increased payer reimbursements and improved patient access to vital treatments.
Medical billing and reimbursement have long been a pain point for healthcare providers and patients alike. The complexities of insurance claims and the slow reimbursement process have often created barriers to accessing necessary care. In an effort to address these challenges, Vivos Therapeutics and Nexus Dental Systems have come together to streamline the billing process and enhance patient access to Vivos’ innovative treatments.
Through this new collaboration, Vivos and Nexus aim to leverage their combined expertise to optimize the billing and reimbursement procedures, leading to faster processing times, higher reimbursement rates, and overall improved financial health for healthcare providers. This strategic partnership is expected to result in a new revenue stream for Vivos, further solidifying its position as a leader in the healthcare industry.
By working closely with Nexus Dental Systems, Vivos Therapeutics expects to not only increase its bottom line but also make a positive impact on patient care. With improved payer reimbursements, healthcare providers can focus more on delivering quality care to their patients, without being burdened by administrative hassles. This collaboration marks a significant step towards creating a more efficient and effective healthcare system for all.
Effects on Individuals:
Individuals can expect to see improved access to Vivos Therapeutics’ treatments, as healthcare providers are able to navigate the billing process more seamlessly. This means patients may receive the care they need faster and with less financial burden, ultimately leading to better health outcomes and overall satisfaction.
Effects on the World:
On a larger scale, this collaboration between Vivos Therapeutics and Nexus Dental Systems has the potential to set a new standard for medical billing practices in the healthcare industry. By demonstrating the benefits of streamlining billing processes and increasing payer reimbursements, other companies may follow suit, resulting in a more efficient and patient-focused healthcare system worldwide.
Conclusion:
The strategic collaboration between Vivos Therapeutics and Nexus Dental Systems marks a significant milestone in the healthcare industry. By working together to optimize medical billing practices, these companies are not only driving new revenues but also improving patient access to vital treatments. This partnership sets a new standard for healthcare providers and paves the way for a more efficient and effective healthcare system for all.
