Our Medical Receivables Funding Network's comprehensive collection department specializes in the purchases of “esoteric” medical receivables -- receivables aged over 120 days -- on a one-time basis, for either cash up front, or a cash payment with participation on the back end collections. Its team of collection specialists has the ability to recover third party receivables that have aged up to six years.
With a special affiliation, our Network Affiliate does more than download client data and start calling payors, as most companies do. Instead, it analyzes the receivables portfolio to determine where the problems lie and attack them. With this information, various options exist: rebill, arbitrate or litigate where necessary and of course, follow up by telephone and written and electronic reminders.
Our Network Affiliate can also work as consultants to our clients, analyzing the clinical and financial records, strategizing the most expedient approaches to clean up aged accounts while assisting the in house staff in preventing unnecessary delays and denials with current accounts.
When necessary, our Network Affiliate provides written appeals, to achieve optimal results, in a non-adversarial manner by combining the knowledge of clinical and financial procedures, criteria, records, etc. from the perspectives of both payor and provider.
Our Network Affiliate specializes in the one-time purchase or collection of 120-day old receivables:
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Medicare
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Medicaid
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HMO/Commercial
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Workers Compensation
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No Fault
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Personal Injury
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Self Pay (through appropriately licensed affiliates in various states and regions)
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Trade Receivables
By utilizing our Network Affiliate's collection services, clients are able to reduce expenses and increase cash flow today by unlocking a valuable, but often illiquid asset - their accounts receivable.
For this Special Collections or One-Time Purchase Program, we will need the following from you:
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Executive Summary of Your Background (eg., type of practice, location, operating or not, etc.)
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A detailed aged receivable run, by payor and by patient, including any payments, adjustments and write offs. Click here for sample Aging Report format.
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Summary of gross billings and collections for the last six months
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Fee schedule and procedure codes for the seller’s practice