The health system challenged 20/20 RMP to find additional revenue, thought to have been lost, after efforts by other firms had been exhausted. Patient had been contacted by phone, many of whom did not answer or respond. Time and resources were being used to individually dial and research each payer to determine insurance coverage. The result was an inefficient system that was netting minimal results.
20/20 RMP’s proprietary coverage discovery technology does not limit scrubbing to self-pay classified accounts. The software scrubbed all accounts for incorrect and unknown coverages across all classifications. Result – previously undiscovered revenue discovered post-discharge.
20/20 RMP discovered $2.9 million in additional annual revenue from 42,000 client discharges that were 120 days or greater even after three other vendors were leveraged in prior processes.
The hectic pace of emergency rooms in acute care facilities make them especially vulnerable to missing or inaccurate insurance coverage during the registration/admission process.
This study highlights an affordable and successful post-service, last-in-line remedy of a large health system in Georgia that helped strengthen its financial performance.
By leveraging proprietary coverage discovery technology, 20/20 RMP was able to discover insurance coverage (commercial and government) for unpaid accounts of hospitals, clinics, physician groups, and more.
We assist clients, daily, with recovering lost revenue. If your healthcare organization is ready to seriously look at ways to improve its bottom line, then we are excited to begin a conversation.
Click the button below and reach out today and discover how 20/20 Revenue Maximization Partners can assist in recovering previously lost revenue.
Comprehensive Coverage Discovery Technology
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