Why walk away from 3.5 Million?
Our step wise approach achieves better reimbursement outcomes at a lower cost.
Health systems face rising risks from increased payer denial write-offs, bad debt and inefficiencies due to high costs to collect. Benchmarks show that a hospital with a median of 350 beds would have lost $3.5 million to increased denial write-offs from healthcare payers over the past four years.
From guidance and process improvement to training and support, we combine expertise and technology to identify risk and improve revenue retention.
Healthcare Providers Are At Risk!
- Healthcare providers under CIA’s in 2018
- Hospitals at risk of potential closure according to Morgan Stanley analysis
- Health systems are cutting jobs or in constant state of hiring freeze
- Reimbursement is decreasing
- Medicare Loss increased from $807- $1294 in 2 years
Increase In Charges
%
Increase In Payments
%
Administrative Resources
The average size hopsital dedicates 59 FTE’s to regulatory compliance
Of which – 39 tasked with CoP and billing / coverage verification processes
Source: https://www.businessinsider.com/almost-20-of-hospitals-in-the-us-are-in-bad-shape-according-to-morgan-stanley-2018-8
From strategic guidance and process improvement to training and support, we
combine expertise and technology to identify revenue at risk.
Meet Our Experts
dawn crump
Senior Director, Revenue Cycle and Denial Management Solutions
Brian MCGRAW
Co-founder, President and CEO
Denise Wilson
Vice President, Clinical Appeals Services