Many hospitals are in an “accounts receivable (AR) hole” due to understaffing or backlogs.
Symptoms include creeping AR days, stalled and untouched aged accounts, expanding DNFB, and uncontrolled denials and underpayments. These problems often appear during or after an electronic health records implementation – which typically exacerbates AR challenges.
If unaddressed, the situation can lead your organization to experience:
- Decrease of cash flow and cash days on hand
- An overwhelmed staff – with little chance of turnaround
- The write off of accounts that could have been collected on
- Inability to recognize underpayment recovery opportunities
Rated a top performer across critical metrics by KLAS®, Jacobus Consulting has proven to have the healthcare knowledge and leading tools and methodologies to accelerate cash and increase revenue for numerous clients. In fact, Jacobus Consulting pioneered the concept of AR recovery and cash acceleration specialists over 20 years ago to extend your patient financial services (PFS) teams with a collaborative and partnered program. Our teams pinpoint opportunities of cash infusion for monies that may have otherwise been written off or uncollected. This strategy of cash acceleration prior to the go live of a new EHR or during a PFS optimization not only spikes cash, but decreases AR, and provides your PFS teams a moment to breathe and learn the new processes in the new system.
Our Healthcare AR Recovery Cash Acceleration Services include:
- Free/no cost AR assessments
- ROI guaranteed/at risk approach
- AR recovery
- Underpayment recovery
- Credit specialists
- Billing specialists
- Cash management support
- Self-pay recovery
- Dictionary/table build
- Insurance specialists
- Training & education
Find out today how Jacobus offers this no risk, ROI-guaranteed offering.
Contact us: firstname.lastname@example.org or 949.727.0720.