Problematic A/R? | Increasing Profitability | Solving the Problem | Your A/R Solution
Governmental payors are predictable and self pay accounts have a life of their own. As a result, the greatest opportunity to impact a hospital’s cash flow and bottom line typically lies within its commercial and managed care business. While there will always be some difficult payors and contracts, steps can still be taken to minimize the effects of inappropriate contractual adjustments, denials or bad debt write-offs. Left unchecked, these factors all contribute to a high percentage of unpaid claims over 90 days and will subtract from your profitability and cash position. Chapin can prevent these percentages from adding up. We can help you develop your baseline measurements. And through our Accounts Receivable Management program, we can work as an extension of your staff to optimize revenue cycle performance and cash collections. Simply put, we will collect more cash faster.
Chapin’s years of experience with commercial and managed care payors are put to the test for you. We understand both the federal and state legalities associated with each payor and product type and will use this knowledge to your benefit. And our seasoned, specialized professionals — all insurance industry and health care provider insiders — have the background needed to accomplish the tasks necessary to support your accounts receivable management.
Chapin Adds to your Bottom Line
For further information about Chapin's customized solutions, contact Rick LaForge (rlaforge@chapinrcm.com).
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