Big things are happening in the medical sector. It's one year later and the Obama Administration continues to forge ahead with its controversial healthcare overhaul. Even at press time, opposition is about to come to a head with newly appointed Speaker of the House John Boehner planning to propose a vote to repeal the law known as ObamaCare. Whatever the outcome, change is inevitable in this fast-paced industry. But that's what makes it exciting—even in the print world.
Oxnard, California-based TFP Data Systems' core products have always been tax forms. However, more than 30 years ago, the company realized its core competencies are compliance and maintaining relationships with government agencies. The natural next step was to use this competency in the healthcare market. "We also realized that healthcare was a growing market and it opened up a whole new set of dealers and dealer opportunities," noted Jim Magdaleno, product manager, healthcare.
Today, TFP Data Systems' best-selling medical product is the CMS-1500 laser billing form and companion envelope that is required for all non-institutional insurance billing (which encompasses almost everyone within the medical sector, according to Magdaleno). In addition, the company has HIPAA (Health Insurance Portability and Accountability Act) Essentials on CD-ROM which includes the most popular office forms in healthcare.
That's not all TFP Data Systems can produce. "We provide and support the billing mechanism and front-office medical products that include: CMS-1500 and UB-04, software, ADA statements [and] envelopes," Magdaleno said. "We are in the process of upgrading our eight-page healthcare catalog to 24 pages to capture all the new products in the HIPAA arena such as compliance essentials, labor law posters, HR forms and software and healthcare-related coding products for the front office."
Magdaleno went on to explain what he believes to be one of the biggest problems in this market, and shared the TFP team's solution. "For the sector we serve, it's the billing system and the need to simplify the administrative flow of data to lessen the burden and cost. We do this by working with organizations that support the products we provide to make sure we deliver the most compliant of products to help eliminate the chances of a billing claim being rejected," he stated.