Things Change
Conditions preventing patients from meeting their financial obligations aren’t always permanent. Because they couldn’t pay in the past, doesn’t mean they can’t pay now. Millions of dollars are written off each year for patients whose financial situations have changed or will change. Frost-Arnett can help identify those patients and recover additional revenue previously thought lost.
Identify and Monitor
How do we do it? Two ways. First, we review accounts that have been written off. Considering state-dictated statute of limitations and the number of years currently open on your Cost Report, we examine all accounts that have been written off. Using advanced algorithms and machine learning, Frost-Arnett uses hundreds of different financial indicators to identify patients who now likely have the ability to pay. Second, Frost-Arnett monitors the accounts for three years, identifying when likely financial ability to pay changes. Once identified, Frost-Arnett utilizes the same collection process we’ve become famous for to recover the once lost revenue!
Our process has historically produced a 20% increase in bad debt recovery.
There are ZERO upfront costs.
There is no change to your existing bad debt processes.
Our program is Medicare compliant.