What is Accident Recovery
When you work with MedInform, our recovery specialists bring decades of experience to the table to help your hospital system recoup missed payments that have fallen by the wayside. You treat patients without regard to their ability to pay. Yet, payment for those costly services is significantly delayed or never comes.
Accident victims are often a drain of resources for hospitals. Securing payment can be time-consuming and frustrating. You must deal with angry patients and their attorneys. You’re also required to carry the account as receivables. Add to the mix state and federal regulations mandating that hospitals pursue all third parties before submitting claims to Medicare and Medicaid, and you have a recipe for bad debt. With MedInform, everything is different.
How it Works
MedInform staff work within your hospital system, interacting with you and your staff, answering questions and assisting accident victims. Our staff person provides the one set of hands that follows the process from beginning to end.
We work to find the best possible route to recover payment. Working with the accident victims, often at the hospital, to identify a source of recovery – we bill immediately to expedite payment. However, we never interfere with the provision of health care. Our systems allow us to work anywhere. MedInform creates a unique approach to the needs of each hospital system.
After exploring and documenting the third-party payment collection efforts, we pursue auto insurance, health insurance, and Medicare and Medicaid claims. Finally, when self-pay status is designated, we counsel patients regarding financial aid opportunities.
The Million-Dollar Difference
Can you afford not to have MedInform involved? Consider the results.
- Hospitals working with MedInform typically collect more than $1 million annually from accounts where patients previously were considered self-pay.
- MedInform’s efforts led a level 1 trauma center to recover $6.5 million in a single year.
- Level 2 or lower trauma centers typically see more than $1 million a year when MedInform partners with them.
Questions about how MedInform can help your medical office with Accident Recovery or Itemization Solutions? Contact us today to learn more!
The Million-Dollar Difference
Can you afford not to have MedInform involved? Consider the results.
- Hospitals working with MedInform typically collect more than $1 million annually from accounts where patients previously were considered self-pay.
- MedInform’s efforts led a level 1 trauma center to recover $6.5 million in a single year.
- Level 2 or lower trauma centers typically see more than $1 million a year when MedInform partners with them.
Questions about how MedInform can help your medical office with Accident Recovery or Itemization Solutions? Contact us today to learn more!