Hospitals and health systems across the country continue to be plagued by staffing shortages that impact their ability to resolve accounts receivable (AR) and drive a healthy bottom line. As those accounts age, they become less collectible over time. One of the best solutions for resolving aged accounts is outsourcing those accounts at the right time to the right revenue cycle management (RCM) partner.
Meduit’s white paper Overcoming Hospital & Health System Staffing Shortages: Leveraging outsourcing to resolve aged insurance AR tells the story of a nonprofit health center in the Midwest that did not have sufficient staff to work their aged insurance AR, so they engaged Meduit to work outstanding accounts at 120 days and older.
Following completion of the initial project, the health center again found itself behind in resolving aged insurance accounts because of staffing issues. To address this challenge, the health center again partnered with Meduit to work accounts at 120 days and beyond. In total, Meduit resolved $17.5M in receivables for the health center, ensuring their financial health and ability to deliver quality patient care.
Learn more about leveraging outsourcing from Meduit to resolve accounts in a timely manner and drive cash to your bottom line.