Learn how to regain millions of dollars in revenue in Recondo Technology’s webinar featuring real customer case studies, including how Avera Health and The Queen’s Medical Center have collectively reaped over $7 million in cash improvements.
Denver, CO — May 21, 2018 — Hospitals that are straining to follow up with a mounting volume of outstanding claim balances are urged to register for Recondo Technology’s upcoming live webinar, “Drive cash flow improvements by ending claim status quo,” on Wednesday, May 30th from 10 to 11am Mountain. Register for the webinar today at: https://register.gotowebinar.com/register/6658816531300554497
Learn how real hospitals are ending the “claim status quo”
Faced with continually adding more full-time employee hours to make phone calls, send faxes and log into payer websites just to make a dent in an ever-growing volume of claims to follow up on, 33-hospital and health system Avera Health decided to automate the process instead.
Hear directly from Mary Wickersham, Vice President of Central Business Office Services at Avera Health on how her team freed up a $2.1M bottleneck by automating claim status follow up. Mary will discuss the challenges the business office was facing, and why she determined automation would alleviate the backlog of claims. As attendees will hear firsthand, the results speak for themselves.
- $2.1 million reduction in aged AR accounts over 90 days
- 30 percent to 52 percent overall reduction in aged accounts
- 50 percent reduction in credit balances
- 26 percent increase in closed claims
Additionally, learn how another top hospital system, The Queen’s Medical Center has used claim status automation to reap $5 million in cash flow improvements, including reducing monthly untimely write-offs from $1.5M to $19K, while removing 80 percent of claims from any need of human intervention.
If you’re a hospital financial professional who is interested in learning how to deploy proven automation tools to boost your bottom line, be sure to register for and attend this free webinar.
About Recondo Technology
Recondo’s cloud-based solutions deliver industry leading automated, accurate, and actionable financial clarity to all participants within the healthcare revenue cycle. Recognized by Black Book Research as one of the top three leaders in revenue cycle management software, Recondo empowers more than 900 hospitals with solutions that connect providers, payers, and patients to ensure proper payments across the care continuum. The company’s patented software and expertise streamline operations and allow providers to be paid more, faster, and at a cheaper cost. Recondo brings efficiencies and cost savings to patient access through to payment processing—a continuum today where inaccuracy and inefficiencies currently cost U.S. healthcare a staggering $480 billion per year.
Amendola Communications for Recondo Technology