TherapySource Closes Deal for Multi-Location Clinic

BIRMINGHAM, Ala. — SourceMedical, a leading provider of outpatient information management solutions, announced that it has entered into an agreement to install TherapySource, its leading clinical documentation system in all of Therapy Partners' Rehabilitation facilities.

TherapySource is a clinical and administrative solution developed specifically for physical, occupational and speech therapy clinics. It enables facilities to strengthen their ability to capture and manage more comprehensive, accurate clinical documentation at the point of care. Built to handle multiple sites across the enterprise, TherapySource streamlines and automates clinical and financial processes, including scheduling, registration and clinical documentation. The automated coding and compliance features of TherapySource allows clinicians to spend less time on administrative processes and more time on providing quality patient care.

Therapy Partners previously used an older version of billing software designed for medical practices. After several years of struggling with a very slow, inefficient and expensive to maintain system, they decided to research software companies that could make the business more efficient and profitable.

"It was time to enhance our business office and clinic efficiencies in order to improve our bottom line and join the industry movement toward an integrated electronic medical records and billing system. We found TherapySource had the most comprehensive solution that addressed the specific needs of the 21 clinics in our practices,” said CEO Jim Hoyme, PT, MBA.

"TherapySource has proven to be a low risk, high return solution for therapy practices. The billing is so efficient that ROI usually happens within a few months after installation," said Ralph Riccardi, president and chief operating officer of SourceMedical's Therapy Division.

Source: Therapy Partners Inc.