Healthcare Revenue Collection Cycle – Insurance Denials Management Guide Launch

Revco Solutions, LLC has launched a report titled “7 Things To Confirm About Your Healthcare Collection Agency.” It offers readers a detailed explanation of the essential criteria that medical practices need to be aware of to maximize their financial potential and minimize unnecessary losses.

More details can be found at https://revcosolutions.com/6-things-to-confirm-about-your-collection-agency

The newly published report covers a range of topics from insurance and industry-specific support, to recovery rates and procedures. The Revco website is full of expertly curated content to help inform and educate clients across a range of sectors.

According to Single Care, medical debt is a growing problem in the US. Surveys suggest that around 25 percent of Americans have trouble paying for the healthcare they need with many taking out loans on unfavorable terms to settle debts incurred through treatment.

The company recommends implementing insurance denials management of outstanding accounts. This can prevent unpaid bills from reaching bad debt status, the collection of which should be seen as a last resort in the revenue cycle of healthcare businesses.

Other preventive measures include pre-registration call campaigns, early out self-pay AR management, presumptive charity scoring, and Medicaid billing and enrollment.

The Revco guide also discusses medical debt, advocating for the integrity of collection procedures. Most unpaid bills are a reflection of unintentional financial issues with the necessity of treatment forcing many people to let accounts fall into arrears. The ACA Pledge outlines a commitment to seeing patients as partners and that financial resolution should be pursued with dignity and respect.

About Revco Solutions, LLC

The company was formed in 2019, bringing together two established agencies – Professional Recovery Consultants and Credit Bureau Collection Services – to officially rebrand as Revco Solutions, LLC in 2020.

A spokesperson says, “Take your accounts receivables to a new level with a new name in collections. We employ a long-tenured staff who are afforded the training, resources, and support to bring their best selves to every interaction with your consumer base.”

With the release of its new guide, Revco Solutions affirms its growing reputation as a collection agency with integrity and expertise, providing the healthcare sector with vital revenue preservation services.

For more information, please visit https://revcosolutions.com

Revco Solutions, LLC
Revco Solutions, LLC
https://revcosolutions.com/
info@revcosolutions.com
+1-855-202-0113
2700 Meridian Parkway
Suite 200
Durham
United States

comtex tracking

COMTEX_396316841/2764/2021-11-03T18:35:07