Chief Operating Officer, MEDSPHERE SYSTEMS CORPORATION
Member of the Healthcare Council
Rick Jung is Chief Operating Officer of Medsphere Systems Corporation, a provider of open source IT solutions to the healthcare industry. He is also a member of the Board of Directors of Clinicient and brings over 20 years of experience in building and managing early stage, as well as established, healthcare and healthcare IT organizations. Mr. Jung's work is broadly focused on web-based software solutions driving process improvements at the intersection of the financial and clinical sectors of healthcare. His expertise includes revenue cycle management, clinical and financial product integration, including management (PMIS & EHR), healthcare strategy, sales, marketing, and business development. Mr. Jung has consulted for both healthcare IT organizations and venture capital/PE firms, with a focus on creating significant shareholder value. (This is me - Update Profile)
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Haven't physicians been lending "no-interest" money to payers and patients all along?
September 7, 2007
Doctors Offering No-Interest Loans to Patients | www.nytimes.com
Does anyone else remember the time when your Mother would take you to the Dr. as a child? You'd sit on his knee, have a nice chat, get a shot or other, pick up your lollipop and say goodbye. Not even a copay was exchanged and the practice manager would say, "Don't worry, we'll file all the paperwork for you." Even the deductible or co-insurance was often forgiven. Meanwhile, the insurance company would be sitting on the premium float for a good 90 days or so with the physician having lent the money "interest free" to Blue Cross. Looks like what's old is now being considered new again. Or, is there a twist?
| Study Group Name | No. Members |
|---|---|
| Experts in the Leisure & Lodging Council | 4887 |
| Experts in the Automotive Council | 3422 |
| Economic Experts on Managed Care | 714 |
| Medical Geneticists (US) | 85 |
| Allscripts' Touchworks Users | 55 |
Richard Jung has not participated in any GLG Live Meetings.