Pinpoint the Most Collectable Accounts at the Right Time
Even well-functioning revenue cycle operations oftentimes develop a backlog of aging AR. Low-balance and more complex accounts receivable are put on the backburner in favor of working more collectable, high dollar AR. This can lead to lost revenue and increases in aging KPIs. Also, many hospitals are moving from antiquated patient accounting systems to more advanced technology. Ensuring that legacy AR is worked effectively can have a significant impact on the financial sustainability of the organization during the transition period.
Savista has an experienced team of AR representatives to dig into the aging or legacy AR and drive value. With our robust data analytics, flexible staffing options, and use of targeted automation, Savista can pinpoint the most collectable accounts at the right time to maximize collections and reduce the cost to collect.
When working legacy AR, Savista is familiar with the challenges associated with implementing a new patient accounting system. Our goal during the time is to create peace of mind that the AR is being worked effectively while conversion activities are occurring. Large organization changes like a patient accounting system conversion will always have an impact on the bottom line, but Savista has seen time and time again that effective resolution of the legacy AR can significantly minimize that impact.
Our AR Work Down services:
- Drive collections from aging accounts
- Decrease aging AR
- Minimize the cash impact of system conversions
- Free up resources for conversion preparation
- Reduce cost to collect with a combination of onshore and offshore resources
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