Aspen Valley Hospital increases days cash on hand from 73 to 426.
The number of net days in accounts receivable for AVH has dramatically reduced since contract execution. During the clean-up of accounts, we reduced AVH’s number of net days in accounts receivable while decreasing the number of write-offs. While focusing on receivables initiatives, we increased AVH’s number of days for cash on hand while minimizing the number of write-offs.
Health system increases recovery rate by 15%.
After just four months of propensity to pay scoring and segmentation, the new process improved the account resolution process and collected $584,340 in incremental cash. There was also a reduction in bad debt write-off as well as a reduction to the number of patients reaching bad debt. Over the course of 18 months the Premier Health and MedAssist partnership improved cash collections by a combined total of $2.63 million, accelerated the account resolution process, and maintained the high level of patient satisfaction Premier patients have come to expect.
Community hospital transforms uncompensated care into $937K in net revenue in 9 months.
By using data you already own, MedAssist shines a light on key chronic patients within your uncompensated care population and launches a proactive recruitment campaign enrolling patients into the right plan. Our innovative solution, Access Analytics, identifies, secures and maintains enrollees.
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