hospital liens-3rd party liability accounts
DESCRIPTION
Summary Brochure-Hospital Third Party Liability ("TPL") Medical Accounts ReceivableTRANSCRIPT
4% of Emergency Department visits are due to motor vehicle accidents -Center for Disease Control- The majority of MVA patients tend to be self-pay 16.3% of the population is uninsured -U.S. Census Bureau Many patients have higher deductible plans, effectively becoming self-pay patients
Hospital revenue growth is at
a two-decade low…
-Moody's Investors Service report on not-for-profit hospitals-
NOW
Solutions
Self-pay
MVA account
Who we are
We are a provider of immediate and ongoing liquidity in situations where a self-pay patient
has been provided care and treatment as result of injuries sustained in a motor vehicle accident
caused by another’s negligence.
Benefits
Immediate cash flow for self-pay MVA accounts
Payment significantly above the national self-pay reimbursement average
Reduce FTE resources
Points of pain
It takes significant time for these types of accounts to collect with no guarantee that
they will or at what amount
The reimbursement process for these accounts is highly specialized and outside the
typical medical reimbursement process
FTE’s are wasted attempting to manage these accounts
Additional solutions
Your billing and collection processes are followed post sale to avoid the potential
for negative public relations
Increased patient satisfaction when MVA accounts are properly serviced
A secure, web-based portal to monitor every account submitted-we fit into your
existing revenue cycle processes
What we are not
We are not a broker, reseller or consumer debt collection company
How we work to reimbursement
We interface with the patient’s attorney and responsible liability insurance
companies as the underlying personal injury claim works its way through the legal
system; we file appropriate notices where applicable, and continually monitor the
accounts until they resolve
12650 West 64th Avenue 888.478.7111
Unit E #406, Arvada, CO 80004 [email protected]
www.TPLHealthcareSolutions.com
By working with us, you can quickly and easily
monetize your current and future self-pay MVA
accounts.
_____________________
All we need to get started
Our underwriting questionnaire- this requests information about your facility and
the available accounts
Account data-this will include actual data from available accounts
Your facility’s historical collection information for MVA patients, if available
Collection agency recovery reports, if applicable
Copies of any filed notices or correspondence to/from the patients’ attorney
A copy of the admission/consent form - The sale of accounts requires a copy of
the form signed by the patients / guarantors at the time of service that
acknowledges financial responsibility
Data transmission
Please contact us if you have any questions regarding our secured data file transmission:
TPL Healthcare Solutions, LLC Attn: IT Department
12650 West 64th Avenue
Unit E #406
Arvada, CO 80004
303.991.0110 (f)
888.478.7111 (toll free)
Once we’ve completed our initial review of the account verification material, we will
provide you with a financing proposal in less than one (1) week.
Contact us Submit Account Data Receive payment
What a typical MVA account looks like
Self pay
Doesn’t qualify for charity care
Isn’t in a current payment program
MVA related (may be coded as low back, neck pain)
90+ from DOS
ED intake
What accounts must have
Signed financial responsibility documents and completed intake forms
Be within 6 months of the personal injury statute of limitations (normally 2-3 years
from date of accident), unless tolled by the filing of a lawsuit or a tolling agreement
Patient must be represented by an attorney
Accounts that won’t qualify
Patient is deceased
Qualifies for charity care
Patient has private health insurance or qualifies for one or more government
assistance programs (ex. Medicare, Medicaid)
Discharged or subject to a bankruptcy proceeding
In an active and current payment plan
Contractual adjustments (balance billing)
Patient is incarcerated, homeless, or indigent
Forward-flow solutions
Simple process for ongoing purchase of MVA accounts
Patient identified as self-pay MVA at admission / discharge
Data provided via custom dashboard to our secure, online portal
We verify accounts
Payments made on accounts for trailing 30, 60 or 90 day period at your preference
Contact us Today
12650 West 64th Avenue Toll Free: 888.478.7111
Unit E #406, Arvada, CO 80004 [email protected]
www.TPLHealthcareSolutions.com