ACCOUNTS RECEIVABLE SERVICES FOR HOSPITALS AND OTHER HEALTHCARE PROVIDERS
Both medical science and information technology are complexities that can create loss or delay to crucial reimbursement scenarios within a healthcare provider's business office. This creates undesired account aging, elevate days-in-A/R and requires the management focus and expertise that HFM can provide in a revenue enhancement partnership.
PRE-COLLECTION INSURANCE FOLLOW-UP AND EARLY-OUT SELF-PAY SERVICES
Typically, within a hospital’s business office environment, accounts can quickly age to a point where additional staffing and technology are required in order to bring them to a viable resolution. HFM offers Insurance-Pre-Collection and Early-Follow-Up self-pay programs that address the particular financial classes and account parameters that you have identified which require a more customized project management approach. These flexible solutions lower your overall days in accounts receivable and reduce the number of accounts that fall into the bad debt collection buckets, which incure much higher outsourcing fees. HFM's services allow you to keep your own staff and resources focused on the much more viable front-end processes of their patient account queues.