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**NEW PRESS RELEASE**
HOSPITAL SURGICAL GUARANTOR SECURES $10 MILLION LINE
Surgical Program Development, Inc. announced that it has entered into negotiations with HNB Capital LLC for a $10,000,000 line of credit. Read the Press Release Here
For over a decade, SPD has been one of the leading hospital and health care revenue solution providers. Our expertise in facility management, surgical program consulting, revenue cycle management, payer contract management, and regulatory compliance, have caused SPD to carve a unique place in the ever changing Health Care sector.
Recently, Hospitals and Surgical Centers have encountered almost insurmountable challenges when dealing with orthopedic and spine surgery, millions of dollars have been lost, if not to poor case management and poor program management, then to the legal fees, and sometimes criminal defense costs associated with as little as one bad element within a program or within a hospital. A quick review of the Wall Street Journal articles over the last few years would paint a clear picture of how dangerous it is to take the details for granted. Bariatric surgery had proven to be a billing and collections nightmare in the Western most states and in Texas. Cardio thoracic surgery has been restricted to pre-identified Centers of Excellence.
Outcome based surgeries, and cost containment for facilities have been cornerstones in our building of programs, as such, every program that we build has the necessary components for becoming a Center of Excellence type program. Financially, SPD has provided innovative solutions by guaranteeing revenue for any of our program cases. In 2007 SPD introduced “the first of its kind” secure, HIPAA compliant, direct response patient management system, we continue to have our own servers, housed in one of the most secure provider locations available in the US.
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Our mission is to build compliant, profitable surgical specialty programs within Hospitals and Surgical Centers. What sets us apart from any other company is that we guarantee increased revenue, and we take the financial loss if we fail to deliver, in other words, we put our money where our mouth is.
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