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At a time when healthcare costs are rising faster than reimbursement, a vast number of revenue transactions remain unpaid because they lack the necessary “clean claim” information or because the provider does not have enough staff to follow up on all open items. When this happens, claims age, become less collectible, and are eventually written off. As a consequence, net revenue declines, profitability suffers, providers continue to cut costs, less patient accounting staff is available, and more claims go unpaid. In contrast to this real “death spiral”, an aggressive and thorough in-source and outsource revenue cycle program frequently results in net revenue improvements in the 3% to 5% range.
Creditek partners with providers to help improve cash flow and net revenue and reduce revenue cycle costs. We have significant experience with all provider types, such as:
Community hospitals and academic medical centers
Academic medical center international programs
Rehabilitation and psychiatric hospitals
Children hospitals
Academic and community physician groups
Emergency services
Homecare and home infusion
Home, hospital, store and physician practice based DME
Hospital outreach and stand-alone laboratories
We are certain that your organization can benefit from the types of results we have delivered for our clients, for example:
Increased net revenue and cash flow by over 20% for a leading academic medical center. Success was achieved through Creditek’s deployment of custom software and processes as well as a combination of on-site and off-site staff.
Managed all outpatient and self-pay receivables for a leading hospital. Project resulted in 35% improvement in recoveries from self-pay receivables and 33% improvement in overall cash position.
Reduce post conversion receivables for a national specialty care provider with multiple operating sites. Creditek deployed over 50 FTEs and completed the project within six months.
Call 800-806-3787, ext 4450 to speak with a Creditek professional today.
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