Jacobus Consulting
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Cash Acceleration Services – Improved Cash Collection and AR Cleanup
Jacobus provides deep expertise in all facets of the revenue cycle, including a complete Revenue Cycle Redesign packaged methodology and services. Leveraging this expertise and utilizing SWAT teams, we craft rapid benefit solutions into short-term projects focused on improving cash collections.
AR Cleanup and Accelerated Collections projects involve:
- Analysis of aged receivables to develop a strategic plan for cleanup.
- Assessing and designating accounts into accurate categories – collectable, bad debt, credit balances.
- Rapid identification of accounts that can be collected but are at risk of being written off, with focused attention on high-dollar accounts.
- Aggressively working those accounts to accelerate cash collections.
- Credit balance review and cleanup.
- Automation of many of these processes using Jacobus-developed tools.
In many hospitals, there are millions of dollars of cash sitting in AR, but not moving. An AR Clean up and Cash Acceleration project will move your AR days key indicator lower, drive your cash collections up, and begin to return your AR to a healthy condition.
The benefits of a Jacobus AR Cleanup project include:
- Almost immediate growth in cash collections.
- Cash recovery for accounts mistakenly at risk of write-off.
- A drop in AR days and other key AR indicators.
- Stronger visibility and control on true AR status.
- Regained control over ignored or neglected credit balance accounts.
- Training and knowledge transfer of best practices to your reimbursement staff.
