MEDICARE BAD DEBT SERVICES
HPS provides a full range of Medicare Reimbursable Bad Debt services from initial bad debt log preparation to retrospective reviews with expertise in crossover, charity and self pay bad debts.
With our unparalleled research capability and Stingray™ software, we can estimate how much additional reimbursement you are owed on previously filed cost reports and provide a customized Medicare Reimbursable Bad Debt analysis.
The RCM software from major providers doesn’t have the granularity and functional processes to identify and collect the final 3-5% of reimbursable revenue. Capturing those incremental dollars requires a significant knowledge of the dynamic changes to Medicare and Medicaid, a close working relationship with all of the individual financial intermediaries, direct access to Medicare and Medicaid EDI feeds and access to data analysis engines to make faster and more informed recovery determinations.
Additional complicating factors are that the necessary data to make these nuanced determinations comes from several departments, staffing requirements are increasingly demanding given turnover and the inability to bring full time and often timely focus to this effort.
THE HPS SOLUTION:
+ HPS is the only firm in the country to have the highly sought after HFMA Peer Reviewed designation for its Reimbursable Medicare Bad Debt Solution
+ Broad knowledge of state specific bad debt issues and deep …domain experience to support log through audit
ARE YOU LEAVING MONEY ON THE TABLE?
+ HPS provides comprehensive Medicare Bad Debt Services, ranging from initial bad debt log preparations to retrospective reviews.
- HPS can analyze your collections policies to optimize Bad Debt claims reported for the respective Cost Reporting year.
- Our expertise in crossover, charity, and self pay bad debt will uncover the maximum reimbursement payments you are entitled.
DISCOVER LOST REIMBURSEMENT
+ Stingray™ automatically aggregates and reconciles millions of lines of patient data from all relevant sources giving you results in a fraction of the time it takes to conduct a manual review.
+ Stingray™ reconciles 100% of your accounts from a bad debt perspective to give you transparency into bad debts you have already submitted, dollars yet to be .claimed, and audit ready dollars for current listings.
+ Stingray™ identifies Out of State Medicaid and Managed Medicaid Bad debt
+ Utilizing the Stingray™ technology maintains a consistent approach to your bad debt year after year. Having a repeatable process saves time and money in the future, and minimizes audit adjustments.
MAXIMIZE YOUR OWN REIMBURSEMENT
Schedule a Stingray™ demonstration and let HPS share with you how our Revenue Intelligence Platform can best integrate into your internal processes for Medicare Reimbursable Bad Debt and increase your recovery – TODAY.