Sparrow Health System struggled with aging receivables and turned to Convergent for revenue cycle management. Convergent quickly transitioned and began working older claims, tackling denials through their legal expertise. This helped improve Sparrow's cash flow and bottom line. Convergent also provided process improvements, helping billers focus on current claims and reducing receivables. The partnership strengthened Sparrow's financial position through increased revenue and improved revenue cycle processes.
Pre-admission Screening of Older Adults with Cognitive Impairment: Considerat...wef
Presentation made by Elizabeth Kirkland and Amy S. Powell on the 17th of May 2012 (event supported by the Virginia Center on Aging's GTE Initiative). All rights reserved.
This document provides an overview of Transworld Systems Inc.'s cash flow management services. It discusses their experience helping over 200,000 clients resolve $6 billion in accounts receivable using low fixed-fee pricing. Their approach involves transitioning accounts from initial statements to collection demands in order to create urgency and increase recovery rates for clients.
This document provides an overview of services from Transworld Systems Inc. to help businesses manage cash flow by improving accounts receivable collections. The services include automated follow-up with customers to collect on overdue invoices using increasingly urgent messages. Fees range from $10-30 per account and clients report collection rates over 50% and savings of 30-70% compared to traditional collection agencies.
Wheaton Franciscan Healthcare partnered with Convergent Revenue Cycle Management to improve self-pay collections and patient satisfaction. Convergent more than tripled Wheaton's self-pay collections rates and reduced wait times on phone calls from 20 minutes to 30 seconds. Convergent took over all aspects of Wheaton's accounts receivable management for self-pay balances, allowing Wheaton to focus on other areas while Convergent ensured high quality customer service and collections performance. The partnership has helped Wheaton generate additional revenue and reduce expenses compared to handling collections in-house.
JFK Medical Center hired Convergent to help collect on difficult workers' compensation and motor vehicle accident claims in order to free up resources to focus on other claims. Convergent reduced JFK's accounts receivable days from 64 to 38 days through experienced on-site staff, robust tools for accessing account information, and educational workshops. JFK recognizes the partnership as valuable and attributes their ability to lower accounts receivable to Convergent's people and processes.
JFK Medical Center hired Convergent to help collect on difficult workers' compensation and motor vehicle accident claims in order to free up resources to focus on other claims. Convergent reduced JFK's accounts receivable days from 64 to 38 days through experienced on-site staff, robust tools for accessing account information, and educational workshops. JFK recognizes the partnership as valuable and attributes their ability to lower accounts receivable to Convergent's people and processes.
JFK Medical Center hired Convergent to help collect on difficult workers' compensation and motor vehicle accident claims in order to free up resources to focus on other claims. Convergent reduced JFK's accounts receivable days from 64 to 38 days through experienced on-site staff, robust tools for accessing account information, and educational workshops. JFK recognizes the partnership as valuable and attributes their ability to lower accounts receivable to Convergent's people and processes.
GreenFlag Profit Recovery by Transworld Systems collects more money at a lower cost than typical collection agencies. It has an average recovery rate of 56% compared to 14% for other agencies, and collects money at an average cost of less than 4 cents per dollar versus 33 cents per dollar for other agencies. GreenFlag has over $2.4 billion in recoveries for clients in the last 5 years and has been in business recovering money since 1970.
Pre-admission Screening of Older Adults with Cognitive Impairment: Considerat...wef
Presentation made by Elizabeth Kirkland and Amy S. Powell on the 17th of May 2012 (event supported by the Virginia Center on Aging's GTE Initiative). All rights reserved.
This document provides an overview of Transworld Systems Inc.'s cash flow management services. It discusses their experience helping over 200,000 clients resolve $6 billion in accounts receivable using low fixed-fee pricing. Their approach involves transitioning accounts from initial statements to collection demands in order to create urgency and increase recovery rates for clients.
This document provides an overview of services from Transworld Systems Inc. to help businesses manage cash flow by improving accounts receivable collections. The services include automated follow-up with customers to collect on overdue invoices using increasingly urgent messages. Fees range from $10-30 per account and clients report collection rates over 50% and savings of 30-70% compared to traditional collection agencies.
Wheaton Franciscan Healthcare partnered with Convergent Revenue Cycle Management to improve self-pay collections and patient satisfaction. Convergent more than tripled Wheaton's self-pay collections rates and reduced wait times on phone calls from 20 minutes to 30 seconds. Convergent took over all aspects of Wheaton's accounts receivable management for self-pay balances, allowing Wheaton to focus on other areas while Convergent ensured high quality customer service and collections performance. The partnership has helped Wheaton generate additional revenue and reduce expenses compared to handling collections in-house.
JFK Medical Center hired Convergent to help collect on difficult workers' compensation and motor vehicle accident claims in order to free up resources to focus on other claims. Convergent reduced JFK's accounts receivable days from 64 to 38 days through experienced on-site staff, robust tools for accessing account information, and educational workshops. JFK recognizes the partnership as valuable and attributes their ability to lower accounts receivable to Convergent's people and processes.
JFK Medical Center hired Convergent to help collect on difficult workers' compensation and motor vehicle accident claims in order to free up resources to focus on other claims. Convergent reduced JFK's accounts receivable days from 64 to 38 days through experienced on-site staff, robust tools for accessing account information, and educational workshops. JFK recognizes the partnership as valuable and attributes their ability to lower accounts receivable to Convergent's people and processes.
JFK Medical Center hired Convergent to help collect on difficult workers' compensation and motor vehicle accident claims in order to free up resources to focus on other claims. Convergent reduced JFK's accounts receivable days from 64 to 38 days through experienced on-site staff, robust tools for accessing account information, and educational workshops. JFK recognizes the partnership as valuable and attributes their ability to lower accounts receivable to Convergent's people and processes.
GreenFlag Profit Recovery by Transworld Systems collects more money at a lower cost than typical collection agencies. It has an average recovery rate of 56% compared to 14% for other agencies, and collects money at an average cost of less than 4 cents per dollar versus 33 cents per dollar for other agencies. GreenFlag has over $2.4 billion in recoveries for clients in the last 5 years and has been in business recovering money since 1970.
The document discusses the psychology of waiting in lines for services. It introduces two "laws" - (1) satisfaction equals perception minus expectation, so managing both is important, and (2) it is difficult to make up for a poor initial experience later on. The rest of the document will explore tools for managing customers' perceptions and expectations of wait times, beginning with the idea that occupied time feels shorter than unoccupied time.
The document summarizes Juristec, a company that automates debt collection litigation to efficiently manage high volumes of bad debt. It compares Juristec's solutions to traditional law firms and collection agencies, highlighting how Juristec can collect 20-30% of bad debt through increased litigation of small and late-stage debts. Appendices provide context on rising consumer debt and delinquency rates, demonstrating increased need for effective collection solutions.
Garnett Dezember is the president of Navicor Group, a healthcare marketing agency specializing in oncology and immunology. The agency has grown from 40 to 60 employees over the past year. Navicor won work for Biogen Idec's cancer drug Lumiliximab and has worked extensively on Genentech's cancer drug Tarceva. While preserving its unique culture, Navicor also aims to take on more global projects and ensure patients receive the best possible treatments.
Optimizing ATM Transactions with Intelligent Deposit Webinar for Credit Union...NAFCU Services Corporation
Deposit volumes at ATMs have nearly doubled for many credit unions in the past couple of years. What’s driving this growth and is your credit union taking advantage of it?
Download slides from this recorded webinar for credit unions as we explore state-of-the-art Intelligent Deposit ATM technology and how it benefits credit unions.
Learn more at http://www.nafcu.org/ncr
Spend Less And Recover More with our GreenFlag Services!
We help improve businesses work flow process as it relates to accounts receivables. We systematically help to do the internal follow up on past due accunts for an average of $10 per account, without businesses giving up control or a percentage of their invoicing.
Recover more with GreenFLag
Gae Meminger
Accounts Receivable Consultant
909-890-1834 Ext. 30
gae.meminger@transworldsystems.com
IA Scoor bij je klant. Klantentevredenheid; hoe begin je eraan. Paul Gemmel S...Ikinnoveer
This document discusses key aspects of improving customer satisfaction. It covers 5 sessions on customer satisfaction that address: experiences and segmentation; employees and different channels; errors, complaints, recovery, learning, and improvement; and extra engagement behaviors. The sessions are organized into parts with breaks and evaluations. Case studies are also discussed on how organizations can position themselves to improve collaboration and measure performance. Key elements of the service concept and long-term partnership are examined. The document emphasizes creating a positive service climate through leadership, HR practices, support systems, and employee engagement to improve customer experience and satisfaction.
Valerie E
The document provides an overview of key aspects of vendor due diligence that credit unions should consider. It discusses what due diligence is, its purpose in helping credit unions evaluate vendors and partnerships, and when it should be conducted. Specifically, it outlines areas to focus on such as background checks, contract provisions, mortgage brokers/correspondents relationships, and "red flags" that warrant further scrutiny. The document aims to help credit unions properly assess vendors and manage associated risks.
Edgington, CUCE, BSACS
Valuations lie at the heart of most major corporate transactions—from mergers and acquisitions to financial reporting and litigation. As these transactions become more complex, the need for objective, comprehensive valuations becomes greater. That’s where CBIZ Valuation Group comes in. Since we approach valuation as a science and an art, our clients benefit not only from proven valuation techniques, but also from our highly developed business instincts drawn from years of experience.
What sets us apart from our competition is the expertise and dedication of our professional and support staff. The main goal of our staff is to provide accurate and timely reporting on which the client and any third-party intermediary can rely. Our professionals hold various designations, such as Accredited Senior Analyst (ASA) and Chartered Financial Analyst (CFA), and have significant experience in their respective fields.
CBIZ Valuation Group’s resources and industry knowledge make us one of the most sought-after valuation firms in the United States. With our network of financial and business analysts, appraisers, attorneys, and accountants working for you, you can rest assured that your most important financial transactions are in expert hands.
For more information, visit http://www.cbiz.com/valuationgroup/
LoginClinic Inc. is a leading medical billing services provider that has been in business for over 9 years. They offer a full suite of billing, EMR, transcription, and practice management services. Their medical billing services are designed to maximize reimbursements while reducing overhead costs and improving cash flow for clients. Key benefits include eliminating backlogs, reducing training time, and allowing practices to focus on patient care instead of paperwork.
The document provides an overview of social customer service and strategies for implementing online customer communities. It discusses traditional customer service channels and emerging social channels. It also outlines best practices for online communities, key performance indicators to measure success, and examples of how companies have benefited from social customer service.
24 Asset Management Corp. provides comprehensive default and asset management solutions including early stage delinquency management, collections, loss mitigation, foreclosure services, REO asset management, and more. They have offices on the west, east, and southeast coasts of the United States and offer customizable solutions to clients through their proprietary management platform and experienced staff. Their goal is to provide high-quality services to maximize returns for clients.
This document provides an overview of credit repair services from Vitesse Financial. It discusses how credit reports and scores are used to assess creditworthiness and the importance of good credit. Reasons for adverse credit histories and how credit repair can help improve credit scores by addressing inaccurate or outdated information are explained. Vitesse Financial offers affordable credit repair counseling and consulting to help clients understand and improve their credit reports and scores.
Reducing Readmissions by Putting Patients First - Alex Hejnosz, CipherHealthmarcus evans Network
Alex Hejnosz from CipherHealth, a solution provider company at the marcus evans National Healthcare CNO Summit Spring 2013, on the importance of knowing a patient’s exact problem for better care coordination.
Interview with: Alex Hejnosz, Founding Partner, CipherHealth
Control Your Practice and Your Future. Today\'s revenue cycle encompasses countless activities in your practice. See how ALN can help you manage your revenue cycle and turn your good practice into a great business.
This document discusses several topics related to ambulatory surgery centers (ASCs). It begins by welcoming readers and discussing the benefits of not compromising excellence when evaluating IT systems for ASCs. Systems not designed for ASCs can compromise revenue, costs, and patient care. The document then discusses an upcoming event schedule and introduces the concept of cloud computing, which allows ASCs affordable access to clinical and business software without large upfront hardware costs. It concludes by promoting the products and services of SourceMedical, the largest provider of outpatient IT solutions.
Grant Thornton provides litigation and dispute consulting services including litigation support, expert witness testimony, damage claim assessments, alternative dispute resolution assistance, and intellectual property services. Their professionals have experience in investigating fraud, performing forensic accounting, and conducting due diligence for transactions. They aim to help clients overcome challenges in the legal system through strategic and expert advisory services.
Lokesh Chandrashekar is applying for the position of Accounts Head with over 11 years of experience in accounts and finance. He has a B.Com degree from Mysore University and is Tally certified. Currently working as an Accounts Manager, his previous roles include Senior Accounts Officer and Accounts Officer. He is seeking a position that offers opportunities for growth and recognizes his talents and competencies. His responsibilities would include financial reporting, statutory compliance, inventory monitoring, accounting transactions, and ensuring timely payments and account closures. He aims to contribute his skills and experience to help the organization meet its financial and legal obligations.
Este documento presenta 14 ejercicios de fluidos que abordan conceptos como la presión, el empuje, la densidad y su aplicación en prensas hidráulicas y otros fenómenos relacionados con los fluidos. Los ejercicios incluyen cálculos para determinar la densidad y peso aparente de objetos sumergidos, la altura a la que flotan bloques de madera, la fuerza requerida para levantar estructuras usando prensas hidráulicas y la presión ejercida por un corazón sobre la sangre.
Shelby Blakely offers graphic design, social media, audience engagement, event flier creation, web design, magazine layout, and other creative services to help embed excellence in a company's next hire. She uses her perspective and magic to work together with clients on visual projects across various mediums.
El documento analiza cómo la empresa CULINARIAN COOKWARE podría aumentar sus ventas mediante promociones sin afectar el valor de su marca. Explica que el valor de una marca depende de factores como la lealtad, el reconocimiento y la calidad percibida. Luego, propone que la empresa podría ofrecer promociones como la venta de 2 por 1 o regalar complementos de otras marcas para incentivar las compras sin reducir el valor de su propia marca.
The document discusses the psychology of waiting in lines for services. It introduces two "laws" - (1) satisfaction equals perception minus expectation, so managing both is important, and (2) it is difficult to make up for a poor initial experience later on. The rest of the document will explore tools for managing customers' perceptions and expectations of wait times, beginning with the idea that occupied time feels shorter than unoccupied time.
The document summarizes Juristec, a company that automates debt collection litigation to efficiently manage high volumes of bad debt. It compares Juristec's solutions to traditional law firms and collection agencies, highlighting how Juristec can collect 20-30% of bad debt through increased litigation of small and late-stage debts. Appendices provide context on rising consumer debt and delinquency rates, demonstrating increased need for effective collection solutions.
Garnett Dezember is the president of Navicor Group, a healthcare marketing agency specializing in oncology and immunology. The agency has grown from 40 to 60 employees over the past year. Navicor won work for Biogen Idec's cancer drug Lumiliximab and has worked extensively on Genentech's cancer drug Tarceva. While preserving its unique culture, Navicor also aims to take on more global projects and ensure patients receive the best possible treatments.
Optimizing ATM Transactions with Intelligent Deposit Webinar for Credit Union...NAFCU Services Corporation
Deposit volumes at ATMs have nearly doubled for many credit unions in the past couple of years. What’s driving this growth and is your credit union taking advantage of it?
Download slides from this recorded webinar for credit unions as we explore state-of-the-art Intelligent Deposit ATM technology and how it benefits credit unions.
Learn more at http://www.nafcu.org/ncr
Spend Less And Recover More with our GreenFlag Services!
We help improve businesses work flow process as it relates to accounts receivables. We systematically help to do the internal follow up on past due accunts for an average of $10 per account, without businesses giving up control or a percentage of their invoicing.
Recover more with GreenFLag
Gae Meminger
Accounts Receivable Consultant
909-890-1834 Ext. 30
gae.meminger@transworldsystems.com
IA Scoor bij je klant. Klantentevredenheid; hoe begin je eraan. Paul Gemmel S...Ikinnoveer
This document discusses key aspects of improving customer satisfaction. It covers 5 sessions on customer satisfaction that address: experiences and segmentation; employees and different channels; errors, complaints, recovery, learning, and improvement; and extra engagement behaviors. The sessions are organized into parts with breaks and evaluations. Case studies are also discussed on how organizations can position themselves to improve collaboration and measure performance. Key elements of the service concept and long-term partnership are examined. The document emphasizes creating a positive service climate through leadership, HR practices, support systems, and employee engagement to improve customer experience and satisfaction.
Valerie E
The document provides an overview of key aspects of vendor due diligence that credit unions should consider. It discusses what due diligence is, its purpose in helping credit unions evaluate vendors and partnerships, and when it should be conducted. Specifically, it outlines areas to focus on such as background checks, contract provisions, mortgage brokers/correspondents relationships, and "red flags" that warrant further scrutiny. The document aims to help credit unions properly assess vendors and manage associated risks.
Edgington, CUCE, BSACS
Valuations lie at the heart of most major corporate transactions—from mergers and acquisitions to financial reporting and litigation. As these transactions become more complex, the need for objective, comprehensive valuations becomes greater. That’s where CBIZ Valuation Group comes in. Since we approach valuation as a science and an art, our clients benefit not only from proven valuation techniques, but also from our highly developed business instincts drawn from years of experience.
What sets us apart from our competition is the expertise and dedication of our professional and support staff. The main goal of our staff is to provide accurate and timely reporting on which the client and any third-party intermediary can rely. Our professionals hold various designations, such as Accredited Senior Analyst (ASA) and Chartered Financial Analyst (CFA), and have significant experience in their respective fields.
CBIZ Valuation Group’s resources and industry knowledge make us one of the most sought-after valuation firms in the United States. With our network of financial and business analysts, appraisers, attorneys, and accountants working for you, you can rest assured that your most important financial transactions are in expert hands.
For more information, visit http://www.cbiz.com/valuationgroup/
LoginClinic Inc. is a leading medical billing services provider that has been in business for over 9 years. They offer a full suite of billing, EMR, transcription, and practice management services. Their medical billing services are designed to maximize reimbursements while reducing overhead costs and improving cash flow for clients. Key benefits include eliminating backlogs, reducing training time, and allowing practices to focus on patient care instead of paperwork.
The document provides an overview of social customer service and strategies for implementing online customer communities. It discusses traditional customer service channels and emerging social channels. It also outlines best practices for online communities, key performance indicators to measure success, and examples of how companies have benefited from social customer service.
24 Asset Management Corp. provides comprehensive default and asset management solutions including early stage delinquency management, collections, loss mitigation, foreclosure services, REO asset management, and more. They have offices on the west, east, and southeast coasts of the United States and offer customizable solutions to clients through their proprietary management platform and experienced staff. Their goal is to provide high-quality services to maximize returns for clients.
This document provides an overview of credit repair services from Vitesse Financial. It discusses how credit reports and scores are used to assess creditworthiness and the importance of good credit. Reasons for adverse credit histories and how credit repair can help improve credit scores by addressing inaccurate or outdated information are explained. Vitesse Financial offers affordable credit repair counseling and consulting to help clients understand and improve their credit reports and scores.
Reducing Readmissions by Putting Patients First - Alex Hejnosz, CipherHealthmarcus evans Network
Alex Hejnosz from CipherHealth, a solution provider company at the marcus evans National Healthcare CNO Summit Spring 2013, on the importance of knowing a patient’s exact problem for better care coordination.
Interview with: Alex Hejnosz, Founding Partner, CipherHealth
Control Your Practice and Your Future. Today\'s revenue cycle encompasses countless activities in your practice. See how ALN can help you manage your revenue cycle and turn your good practice into a great business.
This document discusses several topics related to ambulatory surgery centers (ASCs). It begins by welcoming readers and discussing the benefits of not compromising excellence when evaluating IT systems for ASCs. Systems not designed for ASCs can compromise revenue, costs, and patient care. The document then discusses an upcoming event schedule and introduces the concept of cloud computing, which allows ASCs affordable access to clinical and business software without large upfront hardware costs. It concludes by promoting the products and services of SourceMedical, the largest provider of outpatient IT solutions.
Grant Thornton provides litigation and dispute consulting services including litigation support, expert witness testimony, damage claim assessments, alternative dispute resolution assistance, and intellectual property services. Their professionals have experience in investigating fraud, performing forensic accounting, and conducting due diligence for transactions. They aim to help clients overcome challenges in the legal system through strategic and expert advisory services.
Lokesh Chandrashekar is applying for the position of Accounts Head with over 11 years of experience in accounts and finance. He has a B.Com degree from Mysore University and is Tally certified. Currently working as an Accounts Manager, his previous roles include Senior Accounts Officer and Accounts Officer. He is seeking a position that offers opportunities for growth and recognizes his talents and competencies. His responsibilities would include financial reporting, statutory compliance, inventory monitoring, accounting transactions, and ensuring timely payments and account closures. He aims to contribute his skills and experience to help the organization meet its financial and legal obligations.
Este documento presenta 14 ejercicios de fluidos que abordan conceptos como la presión, el empuje, la densidad y su aplicación en prensas hidráulicas y otros fenómenos relacionados con los fluidos. Los ejercicios incluyen cálculos para determinar la densidad y peso aparente de objetos sumergidos, la altura a la que flotan bloques de madera, la fuerza requerida para levantar estructuras usando prensas hidráulicas y la presión ejercida por un corazón sobre la sangre.
Shelby Blakely offers graphic design, social media, audience engagement, event flier creation, web design, magazine layout, and other creative services to help embed excellence in a company's next hire. She uses her perspective and magic to work together with clients on visual projects across various mediums.
El documento analiza cómo la empresa CULINARIAN COOKWARE podría aumentar sus ventas mediante promociones sin afectar el valor de su marca. Explica que el valor de una marca depende de factores como la lealtad, el reconocimiento y la calidad percibida. Luego, propone que la empresa podría ofrecer promociones como la venta de 2 por 1 o regalar complementos de otras marcas para incentivar las compras sin reducir el valor de su propia marca.
We at Brill Mindz have seen the hand growth of enterprises when launching their very first iOS apps. for great performance, inflated security, etc our agile iPad and iPhone App development ways work greatly
El documento presenta una serie de instrucciones para editar un texto sobre tecnología limpia en Microsoft Word. Se pide formatear el texto con ciertas especificaciones de fuente, tamaño y alineación. También se solicita corregir errores ortográficos, reemplazar palabras, mover párrafos de posición y guardar los documentos resultantes con nombres específicos.
Sumador/Restador en Punto Flotante IEEE 745 en el MIPSSNPP
Este documento describe el diseño de una unidad de punto flotante para realizar operaciones de suma y resta en el microprocesador MIPS siguiendo el estándar IEEE 754. Se compone de módulos para manejar excepciones, pre-normalización, suma/resta, post-normalización, conversión entre precisión simple y doble, y redondeo. El diseño se implementa mediante VHDL en un FPGA Spartan 3AN.
This document lists common elements found in music magazines such as a main cover story, pull quotes from interviews, and slogans or buzz words used to promote featured artists. It also mentions including incentives for readers and choosing an image to feature on the cover to highlight the magazine's content.
A fé processada no intelecto crê no que está escritoAntonio Ferreira
O documento discute como a fé processada no intelecto acredita no que está escrito sem considerar sentimentos. Também afirma que é necessária pressão para haver unção espiritual.
Este documento contiene varias felicitaciones de familiares y amigos por el Día de la Madre. Incluye mensajes para Pili, la tía Ainhoa y la madre de Leyre deseándoles un feliz día junto a sus seres queridos, así como una felicitación para el hijo más guapo de sus padres y tíos. También resume brevemente un concurso de pintura de margaritas de 2 metros de altura para decorar un centro comercial, e informa sobre una visita de estudiantes galardonados con los Premios Talento al Parlamento Europeo.
A Dai Brasil ATM oferece caixas eletrônicos privados ("TRAVEL ATM") para saques em moeda local usando cartões nacionais e internacionais, instalados em locais como hotéis, atrações turísticas e centros comerciais. A empresa busca fornecer serviços financeiros para turistas brasileiros e estrangeiros de forma segura e conveniente.
Wheaton Franciscan Healthcare Case Studyjdmathews3
Wheaton Franciscan Healthcare partnered with Convergent Revenue Cycle Management to improve self-pay collections. Convergent more than tripled Wheaton's self-pay collections rates and improved patient satisfaction by reducing wait times on calls from 20 minutes to 30 seconds. Convergent handles all inbound and outbound calls to resolve patient balances in a compassionate manner, allowing Wheaton to focus on clinical services. The partnership has helped Wheaton generate additional revenue and reduce expenses compared to handling collections in-house.
Wheaton Franciscan Healthcare Case Studymattheweswain
Wheaton Franciscan Healthcare partnered with Convergent Revenue Cycle Management to improve self-pay collections. Convergent more than tripled Wheaton's self-pay collections rates and improved patient satisfaction by reducing call wait times from 20 minutes to 30 seconds and lowering call abandonment rates. Convergent handles all collections calls and works closely with Wheaton to continually improve processes. The partnership has helped Wheaton free up cash and improve service quality for patients.
Case study on how we helped a couple deal with the implications of a serious illness to the husband. We saw them through the process of re-assessing their financial situation, making claims to various insurance companies and putting their future finances on a secure footing.
10 Ways to Ensure Optimal Management of Your Practicerweymier
This document provides 10 ways for physicians to ensure optimal management of their medical practice. It discusses the importance of:
1) Billing, collecting, and managing accounts receivable efficiently by billing daily, using electronic filing, and auditing claims.
2) Proactively managing relationships with insurance payers by organizing contracts, monitoring payer performance, and negotiating renewals in advance.
3) Investing in staff by providing training, clear job descriptions, and collaboration to improve performance and patient experience.
Learn how Firstsource totally revamped Memorial Regional Health hospital’s Revenue Cycle system. Leveraging advanced tech and best practices in RCM resulted in a 30% decrease in accounts receivable days and a 65% increase in cash collected.
Transworld Systems is a full-service collection agency that specializes in recovering money owed to healthcare providers. They offer several advantages over traditional in-house collection methods or using percentage-based collection agencies. Their GreenFlag program uses fixed fees rather than percentages, allows clients to closely monitor accounts, and has a track record of recovering 4 times as much money as average. They also help expedite insurance payments through assertive third-party demands. Many clients report significantly improved cash flow and lower costs by using Transworld Systems for their billing and collections needs.
Effective management of customer collection and dispute resolution CGI
The document discusses Logica's SAP collection management and dispute resolution services. It highlights key benefits like proactively collecting receivables, improving customer relationships, reducing days sales outstanding, and improving cash flow. The services support four phases of collection: selecting customers, prioritizing customers, preparing customer contact, and processing receivables. It also integrates SAP dispute management to help track disputes, streamline the receivables process, and resolve issues to improve cash flow and customer relationships. Logica takes a business consulting approach to help organizations effectively manage collections and build better customer satisfaction.
The document summarizes a case study of a mortgage lender that was facing challenges with a backlog of loan underwriting work and increasing volumes that were impacting customer relationships and employee morale. An expert mortgage assistance company was hired to help streamline the underwriting process. They analyzed the client's process, standardized best practices, hired experienced underwriters, and established clear guidelines. This helped reduce underwriting times from weeks to less than 48 hours and improved quality, relationships, and business volumes while lowering costs.
This document summarizes RSM Tenon's pension covenant advisory services. It discusses how most UK defined benefit pension schemes are in deficit, representing an involuntary creditor risk for companies. RSM Tenon helps trustees understand sponsors' ability to fund deficits and schemes, and helps sponsors navigate regulatory requirements during corporate events. The company provides independent covenant assessments involving sponsor financial reviews to help trustees and sponsors make informed decisions.
Our MaxCollect Profit Recovery Service guarantees collecting 41% of past due accounts for as little as 5% of the outstanding balance, helping businesses recover large amounts of money they had written off. The service uses a series of courteous but effective collection letters on the business's letterhead, escalating involvement of an attorney if needed, to accelerate cash flow with a 41% overall recovery rate at a cost of only 5%. Payments are sent directly to the business and detailed reports provided.
Our MaxCollect Profit Recovery Service guarantees collecting 41% of past due accounts for as little as 5% of the outstanding balance, helping businesses recover large amounts of money they had written off. The service uses a series of courteous but effective collection letters on the business's letterhead, escalating involvement of an attorney if needed, to accelerate cash flow with a 41% overall recovery rate at a cost of only 5%. Payments are sent directly to the business and detailed reports provided.
Our MaxCollect Profit Recovery Service guarantees collecting 41% of past due accounts for as little as 5% of the outstanding balance, helping businesses recover large amounts of money they had written off. It uses a series of courteous collection letters on the business's letterhead and potential credit reporting or attorney involvement to motivate payment in a more effective yet less upsetting manner than traditional collection agencies. The service maintains security of funds by having debtors pay the business directly and is largely self-funded through the savings in a business's internal collection expenses.
- Transworld Systems is a collection agency that specializes in medical debt collection and offers services to help creditors recover money owed through a fixed-fee model.
- They claim to have much higher recovery rates than the industry average and traditional collection agencies through early intervention and written demands sent from their many regional offices.
- The document promotes their GreenFlag service, which pursues debt collection for clients through written demands and other methods for a fixed fee per account rather than a percentage of what is recovered like most agencies.
Navigating Disputes: Unveiling Cedar Financial's Approach for Debt Collection...Cedar Financial
Explore this comprehensive guide to navigating disputes in the debt collection industry, specifically tailored for agencies operating in California. Gain valuable insights into the proven Cedar Financial approach, designed to effectively manage and resolve disputes while maintaining regulatory compliance and positive consumer relationships. Download now to equip your agency with the strategies and best practices needed to navigate disputes successfully in the unique context of California's debt collection landscape.
The document provides information about Collective Results, a company that specializes in accounts receivable management. It discusses their mission to improve cash flow and reduce days sales outstanding. It highlights their experienced collection team, technology platform, and client services including real-time access to account details and regular reporting. The document emphasizes their goal of providing superior service to clients.
Greenberg, Grant & Richards is an accounts receivable management company that aims to reduce days sales outstanding, improve cash flow, and increase profitability for clients. The company has over 17 years of experience in collections and employs collectors across six US locations. It utilizes a team of private investigators and technology to aggressively pursue debt collections through negotiation and litigation if needed. The president emphasizes that the company's expertise, professionalism, speed and persistence have led to tremendous success in recovering money owed to clients.
Restructuring for Small and Mid-Sized BusinsesesDavid Johnson
Many small and mid-sized businesses are struggling as a result of the current economic downturn. A firm grounding in the basics of restructuring can help business leaders and their advisors navigate an optimal path for every company.
Unveiling Ingenious Approaches_ Upholding a Favorable Public Image for Debt R...Cedar Financial
Explore innovative strategies employed by debt recovery firms in California to uphold a favorable public image. This insightful PDF delves into the nuanced world of reputation management within the debt recovery industry, offering valuable insights on maintaining trust and transparency. Discover how these ingenious approaches not only navigate the challenges of debt recovery but also contribute to a positive perception in the eyes of the public. Download now to gain a deeper understanding of the methods that shape a positive public image for debt recovery firms in the dynamic landscape of California
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1. Case Study
Sparrow Health System
Sparrow Health System strengthens financial position with
Convergent’s flexible, low maintenance, legal-backed
approach to revenue cycle management.
Sparrow is the largest health system in deliver on their promise of low maintenance
mid-Michigan, with two campuses in Lansing, outsourcing,” said Kevin Sharp, Director of
Sparrow Clinton Memorial Hospital in St. Revenue Cycle for Sparrow.
Johns, and Sparrow Ionia Hospital in Ionia.
Convergent’s unique attorney-led approach to “Our experience with
Issues collections brings legal expertise to problem Convergent has brought
claims, helping to quickly resolve issues and revenue to our bottom
expedite payment.
Like many other hospitals across the country, line, improved our cash
Sparrow Health System struggled with a large flow and reduced denials.
The direct supervisor of the Convergent
volume of aging claims. With back office staff They have delivered on
collectors who work Sparrow accounts is an
already busy working current receivables, the every promise made
attorney, able to put appropriate pressure on
cash potential of these older accounts during the sales process
payers for denied and delayed payments.
remained untapped.
Convergent’s legal department handles the and set out in the
higher value accounts from Sparrow, where contract.”
Eager to generate revenue from inappropri-
their clout and expertise help to ensure prompt
ately denied claims and delayed payments
payment. Kevin Sharp
from non-government payers, Sparrow turned
Director of Revenue Cycle
to Convergent Revenue Cycle Management,
Sparrow’s billers also benefit from the knowl- Sparrow Health System
Inc. for help. Convergent has two decades of
edge and insight of Convergent’s legal team.
demonstrated success helping healthcare
“Convergent regularly gives workshops for our
organizations tackle complex reimbursement
staff to help them understand laws and
challenges such as older receivables. With its
regulations, such as ERISA and state-specific
low maintenance approach to outsourcing and
clean claims laws. With this knowledge, they
a robust staff of legal experts to accelerate
now know when to pursue claims, what to ask,
collections, Convergent was a sound choice
and how to ask. Our billers become much
for Sparrow.
more effective and more confident in working
problem accounts,” said Amy Kremkow,
Answers Manager of Facility Billing.
Convergent began at once working on The relationship between the two
Sparrow’s backlog of claims, tackling the high organizations is more akin to a partnership
volume of mid-value claims aged 180 days than that of a vendor and client, with
and older. With experienced collectors working Convergent looking beyond its own business
on and off site, Convergent made the goals to help Sparrow improve its revenue
transition to outsourcing immediate for cycle processes and reduce the incidence of
Sparrow. “Vendors always promise an easy problem accounts.
transition, but it doesn’t usually work out that
way. I was truly impressed with how seamless
the Convergent transition process was. They
worked with the information we gave them to
888.511.7901 www.convergentusa.com/healthcare Page 1