health tech eligibility services
DESCRIPTION
Improve your self pay cash, reduce bad debt by using HealthTech\'s eligibility data services. Absolutely no risk to your facility or physician group.TRANSCRIPT
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Serving community hospitals for 40 YearsServing community hospitals for 40 Years
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HealthTech:
Eligibility Services
Innovative data services to help
reduce your bad debt exposure
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Serving community hospitals for 40 Years
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HealthTech: Our Mission
Comprehensive breadth of services to address community hospital’s financial and operational needs
Solutions provided through innovative technology that can be delivered cost effectively
Results in measurable cost savings/revenue improvements for our clients
HealthTech’s mission is to be the premier technology partner to community hospitals.
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Serving community hospitals for 40 YearsServing community hospitals for 40 Years
Eligibility Services - overview
HealthTech review all facilities Self Pay patients for retroactive eligibility
o Patients are often qualified at another facility at a date later than your facilities DOS
o Provides a backup (failsafe) to your onsite eligibility service
Service provided on periodic basis - monthly
Service provided on contingency basis – no risk to facilityo if we don’t discover any eligible accounts no payment
Facility is provided with list of eligible accounts to bill
Results typically take less than a day from date of submission
HealthTech IT staff can assist with data extract
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Serving community hospitals for 40 YearsServing community hospitals for 40 Years
Eligibility Services – key financial benefits
Reduced bad debt expense
Increased cash collections
Higher Medicare DSH revenue (where applicable)
Backup to onsite eligibility program
No financial risk to provider
Service done periodically – reduces timely filing issues
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Serving community hospitals for 40 Years
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Revenue Recovery
Retroactive eligibility services for Self Pay patients
AR Liquidation / Reduction Products
Hospital
Physician
Outsourced BO
o Hospital
o Physician
Physician Billing /Collections
HealthTech: RCM Product Offerings
Revenue Cycle Management Technology Solutions
Business Intelligence Software
o Synapse Software Suite
Collection Management
Business Intelligence
Claim Analytics
o myClaimIQ genie
ED Claims analysis
Missing implant charges
Correct data elements in claim
Medical necessity
o ClaimIQ ProFee
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Serving community hospitals for 40 Years
Results: Significant incremental ROI from reimbursement
gains, reduced DSOs and increased cash flow
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HealthTech Approach:
Correct cash focused
Cash collections
Revenue optimized
Technology critical efficiency
Centralized & scalable
Highly specialized functions
Current Revenue Cycle Model:
o Facility based
o AR Day focused
o Lack of scale in operations
o Limited use of technology
o Low level specialization
Differentiated Approach to Revenue Cycle
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Serving community hospitals for 40 Years
HealthTech: Comprehensive Service Offering
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Operations
Consulting
Interim Staffing
Mgmnt Services
Ops Review
Rev Cycle
Collections
Interim Staffing
Outsourced BO
A/R Recovery
Supply Chain
GPO
Outsourced Services
Consulting
Technology
BI
Claims Analysis
Collection
Software
Operations Management: provides (i) operations, clinical and case management consulting, (ii) outsourced management services (but will not employ C-suite executives), (iii) operations assessment services, and (iv) interim executive staffing solutions, including interim CEO’s, CFO’s and CNO’s.
Revenue Cycle Management: provides (i) billing & collections services, (ii) outsourced business office management, (iii) accounts receivable recovery services and (iv) interim business office executive staffing solutions for hospitals and physician practices.
Supply Chain Management: provides (i) GPO services, (ii) supply chain assessment and consulting services, and (iii) outsourced supply chain management.
Technology Solutions: provides (i) business intelligence software, (ii) claims analysis software, and (iii) collections management software, through its Synapse Software Suite.
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Serving community hospitals for 40 YearsServing community hospitals for 40 Years
HealthTech – contact details
For more information, contact us today at:
800-228-0647 or email