Effectively Collect Outstanding Receivables and Reduce AR Days
As labor markets tighten and payor behavior increases the time to collect, many health care organizations are opting to outsource all or a portion of their accounts receivable inventory. Most are opting for at least a partial outsource based on age or balance size to free up internal resources for more high-value accounts. This decision often lowers the average AR days and cost to collect significantly, while increasing overall collectability.
Savista’s approach to AR outsourcing starts with the optimization of our clients’ technology. Without a lengthy technology implementation, we can start driving value faster and minimize the time requirements on your organization. With targeted use of automation and robust inventory segmentation, Savista maximizes efficiency and increases collections. In tandem with existing client reports, our robust performance package allows clients to track our mutually agreed upon KPIs and outlines valuable payor trends and insights. Our expertise has allowed us to collect over $6B in AR for our clients annually.
Our Accounts Receiveables services:
- Reduce cost to collect with flexible staffing models.
- Deploy deep analytics to prioritize account follow through and drive timely resolution.
- Optimize existing technology to maximize collectability.
- Deploy strategic automation to enhance efficiency.
- Deliver regular, clear and robust reporting on performance and inventory.
By the Numbers
Acute care provider small balance recovery for accounts over 365 days:
resolution rate
collection rate (3x industry average)
productivity average
resolution of inventory
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