With our specialized focus on the needs of healthcare providers, we have crafted the CLAIMCollect™ module as a part of our proprietary COLLECTPlus™ receivables management platform. This solution helps healthcare providers overcome the many challenges associated with receiving timely reimbursement from third-party payers.
For example, we know that healthcare providers like you receive up to 90% of revenues from third-party payers, with the cost of insurance claim follow up activities approaching $30 per claim. We know it’s taking payers longer to pay these days. Plus, the longer a claim goes unpaid, the more follow up is required. And, with no contractual relationship between you as the healthcare provider and the payer, you have little recourse other than painstaking follow up with the patient and the payer. Still, we know that the key question is not whether insurance companies will pay, but when.
The question then becomes: How can accounts receivable management professionals outsource insurance follow up activities in such a way that maximizes reimbursement, minimizes patient complaints, and costs less than traditional, contingency fee-based pricing models? In a 21st century healthcare environment, answering this question largely determines the financial success or failure of healthcare providers.
CLAIMCollect™: Beyond All Expectations!
With unanswered voice mails and long hold times (and new claims to process every day), insurance follow up is a frustrating process. However, most healthcare providers dedicate two to three times the staff on insurance follow up activities compared to self-pay follow up. These efforts can be very costly.
As an alternative, A/R Allegiance enables savvy A/R professionals to outsource insurance follow up through the CLAIMCollect™ module of COLLECTPlus™. For a small fee per statement between 60–90 days, this revolutionary process includes:
- Up to four (4) timely written reminders that payment is due (appearing like a refile)
- Professionally drafted communications that convey the right message (tailored to specific payers)
- Unlimited management reports via the Dashboard on the COLLECTPlus™ website
- Reporting on the reason for non-payment via the Dashboard
- Unlimited consulting and support to improve your A/R process
With CLAIMCollect™, fewer claims will reach 60 days, and you will realize greater reimbursement rates for claims beyond 60 days. The CLAIMCollect™ module of COLLECTPlus™ will not only motivate payers to reimburse you, but also will greatly improve your process—guaranteed!
Contact us today by phone at 913-338-4790 or via email at info@ARallegiance.com to learn how COLLECTPlus™ can deliver a more efficient and effective A/R management process to your operations.