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VeriType is developing software that will improve the billing process for physicians. The software is developed to help make the billing process easier, more accurate, efficient, and compliant with the Health Care Financing Administration (HCFA). HCFA monitors billing practices compliance with government regulations. Fines imposed for noncompliance with HCFA guidelines can reach up to $10,000 per claim. This along with other inefficiencies in the billing process can cost physicians a lot of money. (Moot Corp, 2013)
VeriType’s software is designed to improve the billing process and allow the physicians to worry less about the billing process and focus their attention and time on patient care. VeriType is a unique leader in their market with little to no competition. The founders are rich in experience and knowledge in software design, medical practice, and billing. They have plans to partner with a software giant, such as IBM, for sales and marketing. The company needs to hire a skilled, knowledgeable, efficient, and experienced team in the areas of software development, technical support, financial operations, and distribution. They need to develop highly trained individuals who understand the product as well as skilled and knowledgeable in helping and educating customers. This team needs to be aware of legal implications of the product and have consistently good labor relations. A strong human resource management team seems critical in developing this company as they have major staffing, training & development, and benefits management needs. (Moot Corp, 2013)
Staffing seems to be the most obvious area of need for VeriType at this particular point in time. VeriType is looking to hire a software development team. They have stated that they are interested in hiring five software developers with expertise in specific areas. They also have a need to build a technical support team. This team will need to include online support, phone support, educational
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