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About TVM
Four years in development, TVM was founded by Dr. Dean Mersky, a practicing dentist for 26 years. While attending a business course at UCLA, he heard a simple phrase that opened his mind to a new way of thinking: "Do that which you do best, and do it well." As a result, he asked himself three questions:
What is it that we do best?
What are we doing now that doesn't contribute to what we do best?
What is the financial impact of the answers to the above?
How do we reduce the time we spend on activities not directly related to revenues, and use technology to reduce overhead?
Upon reflection, the answers became quite clear. First and foremost, he was in the business of providing patient care. Everything else was either a distraction to the service, a loss of productivity, an avoidable expenditure, or any combination of all three. It became painfully clear that any activity or time spent that did not directly contribute to revenue generation or wealth accumulation needed to be redirected to better satisfy the notion that "Time is Money."
TVM is an acronym for the Time Value of Money. Simply put, it refers to our daily productivity, where productivity is the net result of revenue generation and revenue depletion. As doctors, we produce revenues while our administrative activities deplete them. Practice administration, though necessary, yields negative productivity. But there is much more to the Time Value of Money than that. We also must address the value of the revenues we generate. How do we maximize their value over time? And how do we maximize the value of revenues we have earned but not yet received, our accounts receivable?
TVM was founded to answer all these questions. First we developed products and services that:
Increase productivity by decreasing administrative distractions
Increase profitability by decreasing administrative demands
Level daily cash flow with tax deferred dollars
Turn AR into tax deferred cash in an effort to realize greater value over time
TVM products were developed to help medical and dental practices become more profitable. This pathway to greater profitability utilizes advanced database technology that can reduce staffing needs, and automate data entry. We can replace nearly all aspects of manual patient and insurance billing, posting, and claim management with automated state of the art Web based services. Moreover, with TVM, all insurance and patient payments will be processed in the safety of a $1 billion bank facility.
TVM was founded on the principle that our only reason to exist is to provide technology driven solutions that help our clients leverage their cash position, reduce their overhead, and increase their opportunity to accumulate wealth. With that in mind we have developed core products such as:
Forward Funding: Tax deferred revenues equal to the net value of each days total billings deposited directly to your bank account daily, including both patient and insurance portions. Patent Pending.
Claims Management: Comprehensive claims administration and billing that when combined with Forward funding will cost up to 50% less than what most physicians now pay for only a billing service.*
Accounts Payable Management: Eliminates time consuming handling of payable documents by automatically reconciling the data presented. Ultimately, businesses are able to manage by exception, and automatically order electronic payments to further increase productivity and decrease overhead.
That’s leveraging the Time Value of Money.
TVM, bringing velocity to business
*Not available in dentistry.
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