" With the ACA continuing to be a hot topic in 2017, providers are faced with ever increasing amounts of Self Pay, Co-Pay, and Balance after Insurance in its Accounts Receivables. A decrease in reimbursements has increased the importance of increasing cash anywhere possible in the revenue cycle. Early Out does just that."
MedCo Early Out Features: * Early Revenue Recovery Preventing Higher Rates at Bad Debt Collection * Secure Placement and Payment Transactions * Highly customized Automated Dialer * Ability for Patient to Make Payments 24/7 * Highly Trained and Certified Personnel to the Patient Community * All Calls Recorded and Stored * Calls audited for Quality Assurance * MCA Client Access for TRANSPARENT Real Time Monitoring of Accounts and Collections * Strategic Scoring and Analytics for Account Recovery Management * Customized Reporting to Customer Specification
THE CHALLENGE Like many systems, these facilities were faced with the need to increase Self Pay revenue. Historically, all collection efforts were in-house through a sizable division of the business office. Personnel headaches and the need for increased cash were driving factors for needed change. Click below to find out solutions: