Debt Collection for Hospitals
Simon's possesses fifty years of experience in revenue cycle management and understands the intricacies of the modern healthcare industry, its billing processes and the technology used to facilitate all of it. Simon's representatives will handle your inpatient, outpatient and emergency room accounts that have fallen behind or remain unresolved by utilizing specialized tools and procedures for collection on these debts.
Simon's is eager to address the individual and unique concerns that a given hospital may have regarding their accounts receivable and shoring up their revenue cycle. Early treatment and consistent monitoring of your collection accounts by Simon's will allow your people to get back to doing what they do best, making the efforts of your billing department easier to manage as the in-house collections work decreases.
Simon's Agency can also offer support in the early stages of your A/R by offering a full suite of pre-collections services and offers specialized collections service for many areas of dedicated healthcare organizations.
According to the American Hospital Association, “Uncompensated Hospital Care Cost Fact Sheet,” January 2014, U.S. Hospitals provided $45.9 billion in uncompensated care in 2012 of which hospitals only were able to recover 15.3% (ACA International’s Top Collection Markets Survey, 2013) which is leaving a huge sum of money on the table. The collectability of this money will only increase as national policy is increasing the number of insured Americans each year – a fact that will benefit your bottom line as more and more payments can be worked out with the insurer.