 Aged Receivables Clean-up—This is a one time intensive project
where receivables over a certain age
(typically 180 days
old), are turned into cash. This turnover of aged accounts
produces cash for the hospital from accounts that are normally
written off as denials or uncollectible. Through a system
of framing (working the largest and newest balances first)
we are able to maximize the speed and amount of cash recovered
for the hospital. The fee is based solely on results and
is determined by the number of accounts, account size, total
dollar value, progressive aging, and data integrity.
Extended Business Office (Early-Out)—This service is a
seamless extension of your current business office that
ensures even cash flow and helps keep overhead to a minimum.
You can keep the insurance denials and self-pay from becoming
write-offs by transferring receivables to Assurance Health
Care for management once they reach a certain age (typically
120 days old). Our experienced staff works directly with
Medicare, Medicaid, Blue Cross, Tri-Care, and other commercial
carriers to correct, resubmit and follow up on all unpaid
claims. We post receipts, adjust for insurance contractual
allowances, and send patient balance statements while payments
are made directly to the hospital.
Revenue Cycle Compression—Performance-based restructuring
of in-house revenue and your data stream results in a dramatic
increase in cash flow and a reduction of days in accounts
receivable. |
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