SlideShare ist ein Scribd-Unternehmen logo
1 von 1
Downloaden Sie, um offline zu lesen
PROSOURCE
RESULTS
During the first eight months of
partnering with ProSource the
client was able to decrease total
outstanding A/R with an increase
in payments.
•	42% decrease in total A/R
•	44% decrease in A/R days
•	Increased payments by
44% over the same period
the previous year prior to
transitioning to ProSource
•	85% decrease in total
insurance receivables 181+
days
•	A/R 181+ days decreased
from 14% to 3%, virtually
eliminating timely filing
write-offs to payers
An Array Services Group Company
©2013 ProSource Billing, Inc. All rights reserved.
250 14th Avenue East • Sartell, MN 56377
888-340-7243 • www.prosourcebilling.com
Case Study – Day 1 Billing
Challenging economic conditions have negatively impacted healthcare
accounts receivable (A/R). ProSource Billing, Inc. provides a total solution
for Day One billing needs for many healthcare facilities of varying size,
patient type, location, and community demographics.
Our services are customized to meet the unique requirements of our
healthcare clients and are designed to improve recovery results beyond
standard Day One billing programs, allowing healthcare facilities to
succeed in various economic conditions.
ProSource also provides:
• Preregistration				 • Self Pay
• System Conversion			 • Payment Monitoring
• Insurance Billing & Follow up		 • Denial Management
BACKGROUND:
Since opening in 1935, a healthcare organization has grown
to be one of the Midwest’s largest and most trusted
specialty healthcare providers. For 75 years, it has been
providing the healthcare, education, and advocacy
people need to make informed, responsible decisions.
In April 2012, this client with 27 locations turned over
its Business Office to ProSource.
SITUATION ANALYSIS:
The client turned to ProSource for its experience
and versatility in complete business office
solutions including Day One billing. ProSource’s
expertise in revenue cycle management is
structured to effectively increase recovery rates,
and mitigate loss with payer timely filing limits.
PSB112A
PROSOURCE
The Professional Outsourcing Solution
AN ARRAY SERVICES GROUP COMPANY

Weitere ähnliche Inhalte

Was ist angesagt?

Webinar: Bad Data's Effect on Population Health PerformanceArcadia webinar da...
Webinar: Bad Data's Effect on Population Health PerformanceArcadia webinar da...Webinar: Bad Data's Effect on Population Health PerformanceArcadia webinar da...
Webinar: Bad Data's Effect on Population Health PerformanceArcadia webinar da...Modern Healthcare
 
Webinar: Why Hospitalists are Important to Managing Population HealthLp cogen...
Webinar: Why Hospitalists are Important to Managing Population HealthLp cogen...Webinar: Why Hospitalists are Important to Managing Population HealthLp cogen...
Webinar: Why Hospitalists are Important to Managing Population HealthLp cogen...Modern Healthcare
 
Healthcare is a Business
Healthcare is a BusinessHealthcare is a Business
Healthcare is a BusinessRobert Robinson
 
HRSA requirements for a compliant sliding fee scale
HRSA requirements for a compliant sliding fee scaleHRSA requirements for a compliant sliding fee scale
HRSA requirements for a compliant sliding fee scaleCompliatric
 
How are physicians paid?
How are physicians paid?How are physicians paid?
How are physicians paid?Robert Robinson
 
Turning data into decisions - HealthCare Pivots, llc
Turning data into decisions - HealthCare Pivots, llcTurning data into decisions - HealthCare Pivots, llc
Turning data into decisions - HealthCare Pivots, llcwheatstem
 
2016 Indexed Figures for Qualified Plans
2016 Indexed Figures for Qualified Plans2016 Indexed Figures for Qualified Plans
2016 Indexed Figures for Qualified Plansbenefitexpress
 
2018 Healthcare Outlook #5
2018 Healthcare Outlook #52018 Healthcare Outlook #5
2018 Healthcare Outlook #5Guidehouse
 
Physician Revenue - Getting paid for the work you do
Physician Revenue - Getting paid for the work you doPhysician Revenue - Getting paid for the work you do
Physician Revenue - Getting paid for the work you doRobert Robinson
 
Medicaid EHR Incentive Webinar - September 24, 2014
Medicaid EHR Incentive Webinar - September 24, 2014Medicaid EHR Incentive Webinar - September 24, 2014
Medicaid EHR Incentive Webinar - September 24, 2014MassEHealth
 
FCC Telehealth Grant Process
FCC Telehealth Grant ProcessFCC Telehealth Grant Process
FCC Telehealth Grant ProcessKC Digital Drive
 
How valuable is a patient referral management software to primary care physic...
How valuable is a patient referral management software to primary care physic...How valuable is a patient referral management software to primary care physic...
How valuable is a patient referral management software to primary care physic...GaryRichards30
 
Transforming Health Care Delivery
Transforming Health Care DeliveryTransforming Health Care Delivery
Transforming Health Care Delivery_GuideWell
 
Affordable Care Act Timeline
Affordable Care Act TimelineAffordable Care Act Timeline
Affordable Care Act TimelineCBIZ, Inc.
 
Sharon Levine on integrated care - the role of multispeciality medical practi...
Sharon Levine on integrated care - the role of multispeciality medical practi...Sharon Levine on integrated care - the role of multispeciality medical practi...
Sharon Levine on integrated care - the role of multispeciality medical practi...The King's Fund
 
MU Hardship Exceptions
MU Hardship ExceptionsMU Hardship Exceptions
MU Hardship ExceptionsBen Quirk
 
Blue Cross Keystone 65 among the finest plans for you
Blue Cross Keystone 65 among the finest plans for youBlue Cross Keystone 65 among the finest plans for you
Blue Cross Keystone 65 among the finest plans for youdiscount64
 
Health data exchange made easy
Health data exchange made easyHealth data exchange made easy
Health data exchange made easyBethany Williams
 

Was ist angesagt? (20)

Webinar: Bad Data's Effect on Population Health PerformanceArcadia webinar da...
Webinar: Bad Data's Effect on Population Health PerformanceArcadia webinar da...Webinar: Bad Data's Effect on Population Health PerformanceArcadia webinar da...
Webinar: Bad Data's Effect on Population Health PerformanceArcadia webinar da...
 
Webinar: Why Hospitalists are Important to Managing Population HealthLp cogen...
Webinar: Why Hospitalists are Important to Managing Population HealthLp cogen...Webinar: Why Hospitalists are Important to Managing Population HealthLp cogen...
Webinar: Why Hospitalists are Important to Managing Population HealthLp cogen...
 
Healthcare is a Business
Healthcare is a BusinessHealthcare is a Business
Healthcare is a Business
 
HRSA requirements for a compliant sliding fee scale
HRSA requirements for a compliant sliding fee scaleHRSA requirements for a compliant sliding fee scale
HRSA requirements for a compliant sliding fee scale
 
How are physicians paid?
How are physicians paid?How are physicians paid?
How are physicians paid?
 
Turning data into decisions - HealthCare Pivots, llc
Turning data into decisions - HealthCare Pivots, llcTurning data into decisions - HealthCare Pivots, llc
Turning data into decisions - HealthCare Pivots, llc
 
2016 Indexed Figures for Qualified Plans
2016 Indexed Figures for Qualified Plans2016 Indexed Figures for Qualified Plans
2016 Indexed Figures for Qualified Plans
 
2018 Healthcare Outlook #5
2018 Healthcare Outlook #52018 Healthcare Outlook #5
2018 Healthcare Outlook #5
 
Physician Revenue - Getting paid for the work you do
Physician Revenue - Getting paid for the work you doPhysician Revenue - Getting paid for the work you do
Physician Revenue - Getting paid for the work you do
 
Medicaid EHR Incentive Webinar - September 24, 2014
Medicaid EHR Incentive Webinar - September 24, 2014Medicaid EHR Incentive Webinar - September 24, 2014
Medicaid EHR Incentive Webinar - September 24, 2014
 
FCC Telehealth Grant Process
FCC Telehealth Grant ProcessFCC Telehealth Grant Process
FCC Telehealth Grant Process
 
How valuable is a patient referral management software to primary care physic...
How valuable is a patient referral management software to primary care physic...How valuable is a patient referral management software to primary care physic...
How valuable is a patient referral management software to primary care physic...
 
Transforming Health Care Delivery
Transforming Health Care DeliveryTransforming Health Care Delivery
Transforming Health Care Delivery
 
Affordable Care Act Timeline
Affordable Care Act TimelineAffordable Care Act Timeline
Affordable Care Act Timeline
 
Natasha Gulati Resume
Natasha Gulati ResumeNatasha Gulati Resume
Natasha Gulati Resume
 
Sharon Levine on integrated care - the role of multispeciality medical practi...
Sharon Levine on integrated care - the role of multispeciality medical practi...Sharon Levine on integrated care - the role of multispeciality medical practi...
Sharon Levine on integrated care - the role of multispeciality medical practi...
 
MU Hardship Exceptions
MU Hardship ExceptionsMU Hardship Exceptions
MU Hardship Exceptions
 
UHS metrics
UHS metricsUHS metrics
UHS metrics
 
Blue Cross Keystone 65 among the finest plans for you
Blue Cross Keystone 65 among the finest plans for youBlue Cross Keystone 65 among the finest plans for you
Blue Cross Keystone 65 among the finest plans for you
 
Health data exchange made easy
Health data exchange made easyHealth data exchange made easy
Health data exchange made easy
 

Ähnlich wie ProSource Decreases Client A/R 42% With Increased Payments

Crowne Capabilities
Crowne CapabilitiesCrowne Capabilities
Crowne CapabilitiesChappy5
 
PPACA: Staying Compliant & Strategic
PPACA: Staying Compliant & StrategicPPACA: Staying Compliant & Strategic
PPACA: Staying Compliant & StrategicCBIZ, Inc.
 
What Healthcare Reform Means for Your Practice
What Healthcare Reform Means for Your PracticeWhat Healthcare Reform Means for Your Practice
What Healthcare Reform Means for Your PracticeSmall Business Majority
 
Hollern and associates products and services overview
Hollern and associates   products and services overviewHollern and associates   products and services overview
Hollern and associates products and services overviewDana Hollern
 
OpenSpan for Healthcare in Claims and Customer Service
OpenSpan for Healthcare in Claims and Customer ServiceOpenSpan for Healthcare in Claims and Customer Service
OpenSpan for Healthcare in Claims and Customer ServiceFrank Wagman
 
prosource_casestudy_selfpay_psb105a
prosource_casestudy_selfpay_psb105aprosource_casestudy_selfpay_psb105a
prosource_casestudy_selfpay_psb105aJeffray Szczodroski
 
Revenue cycle management updated
Revenue cycle management   updatedRevenue cycle management   updated
Revenue cycle management updatedSS Billing Services
 
The ABCs of Healthcare IT for 2014
The ABCs of Healthcare IT for 2014The ABCs of Healthcare IT for 2014
The ABCs of Healthcare IT for 2014Health Catalyst
 
HealthCare Reform Roadmap
HealthCare Reform RoadmapHealthCare Reform Roadmap
HealthCare Reform RoadmapPaul (E) Kilzer
 
Our Services
Our ServicesOur Services
Our ServicesPATHS LLC
 
American CareSource Holdings, Inc. - IR Presentation
American CareSource Holdings, Inc. - IR PresentationAmerican CareSource Holdings, Inc. - IR Presentation
American CareSource Holdings, Inc. - IR PresentationRedChip Companies, Inc.
 
Healthcare business transformation cut sheet
Healthcare business transformation cut sheetHealthcare business transformation cut sheet
Healthcare business transformation cut sheetVeronica McKee
 
eBook - Seven Revenue-Driving Best Practices
eBook - Seven Revenue-Driving Best PracticeseBook - Seven Revenue-Driving Best Practices
eBook - Seven Revenue-Driving Best PracticesNextGen Healthcare
 
What services does a medical billing company provide mgsi
What services does a medical billing company provide   mgsiWhat services does a medical billing company provide   mgsi
What services does a medical billing company provide mgsiMGSI - Medical Group Services
 

Ähnlich wie ProSource Decreases Client A/R 42% With Increased Payments (20)

Cardon Outreach 2016
Cardon Outreach 2016Cardon Outreach 2016
Cardon Outreach 2016
 
Crowne Capabilities
Crowne CapabilitiesCrowne Capabilities
Crowne Capabilities
 
PPACA: Staying Compliant & Strategic
PPACA: Staying Compliant & StrategicPPACA: Staying Compliant & Strategic
PPACA: Staying Compliant & Strategic
 
What Healthcare Reform Means for Your Practice
What Healthcare Reform Means for Your PracticeWhat Healthcare Reform Means for Your Practice
What Healthcare Reform Means for Your Practice
 
Hollern and associates products and services overview
Hollern and associates   products and services overviewHollern and associates   products and services overview
Hollern and associates products and services overview
 
OpenSpan for Healthcare in Claims and Customer Service
OpenSpan for Healthcare in Claims and Customer ServiceOpenSpan for Healthcare in Claims and Customer Service
OpenSpan for Healthcare in Claims and Customer Service
 
prosource_casestudy_selfpay_psb105a
prosource_casestudy_selfpay_psb105aprosource_casestudy_selfpay_psb105a
prosource_casestudy_selfpay_psb105a
 
Vanan rcm
Vanan rcmVanan rcm
Vanan rcm
 
Vanan rcm
Vanan rcmVanan rcm
Vanan rcm
 
Revenue cycle management updated
Revenue cycle management   updatedRevenue cycle management   updated
Revenue cycle management updated
 
The ABCs of Healthcare IT for 2014
The ABCs of Healthcare IT for 2014The ABCs of Healthcare IT for 2014
The ABCs of Healthcare IT for 2014
 
HealthCare Reform Roadmap
HealthCare Reform RoadmapHealthCare Reform Roadmap
HealthCare Reform Roadmap
 
American CareSource Holdings
American CareSource HoldingsAmerican CareSource Holdings
American CareSource Holdings
 
Health Care Reform
Health Care ReformHealth Care Reform
Health Care Reform
 
Our Services
Our ServicesOur Services
Our Services
 
American CareSource Holdings, Inc. - IR Presentation
American CareSource Holdings, Inc. - IR PresentationAmerican CareSource Holdings, Inc. - IR Presentation
American CareSource Holdings, Inc. - IR Presentation
 
Healthcare business transformation cut sheet
Healthcare business transformation cut sheetHealthcare business transformation cut sheet
Healthcare business transformation cut sheet
 
eBook - Seven Revenue-Driving Best Practices
eBook - Seven Revenue-Driving Best PracticeseBook - Seven Revenue-Driving Best Practices
eBook - Seven Revenue-Driving Best Practices
 
What services does a medical billing company provide mgsi
What services does a medical billing company provide   mgsiWhat services does a medical billing company provide   mgsi
What services does a medical billing company provide mgsi
 
Firstsource Healthcare Cloud – Provider Solutions
Firstsource Healthcare Cloud – Provider SolutionsFirstsource Healthcare Cloud – Provider Solutions
Firstsource Healthcare Cloud – Provider Solutions
 

ProSource Decreases Client A/R 42% With Increased Payments

  • 1. PROSOURCE RESULTS During the first eight months of partnering with ProSource the client was able to decrease total outstanding A/R with an increase in payments. • 42% decrease in total A/R • 44% decrease in A/R days • Increased payments by 44% over the same period the previous year prior to transitioning to ProSource • 85% decrease in total insurance receivables 181+ days • A/R 181+ days decreased from 14% to 3%, virtually eliminating timely filing write-offs to payers An Array Services Group Company ©2013 ProSource Billing, Inc. All rights reserved. 250 14th Avenue East • Sartell, MN 56377 888-340-7243 • www.prosourcebilling.com Case Study – Day 1 Billing Challenging economic conditions have negatively impacted healthcare accounts receivable (A/R). ProSource Billing, Inc. provides a total solution for Day One billing needs for many healthcare facilities of varying size, patient type, location, and community demographics. Our services are customized to meet the unique requirements of our healthcare clients and are designed to improve recovery results beyond standard Day One billing programs, allowing healthcare facilities to succeed in various economic conditions. ProSource also provides: • Preregistration • Self Pay • System Conversion • Payment Monitoring • Insurance Billing & Follow up • Denial Management BACKGROUND: Since opening in 1935, a healthcare organization has grown to be one of the Midwest’s largest and most trusted specialty healthcare providers. For 75 years, it has been providing the healthcare, education, and advocacy people need to make informed, responsible decisions. In April 2012, this client with 27 locations turned over its Business Office to ProSource. SITUATION ANALYSIS: The client turned to ProSource for its experience and versatility in complete business office solutions including Day One billing. ProSource’s expertise in revenue cycle management is structured to effectively increase recovery rates, and mitigate loss with payer timely filing limits. PSB112A PROSOURCE The Professional Outsourcing Solution AN ARRAY SERVICES GROUP COMPANY