ProAction Revenue Management LLC
2700 Court Street, Suite 8
Syracuse, New York 13208
Phone (315) 218-1882 / Fax (315) 218-1881
How We Do It
Revenue management is spouted all the time by health care finance consultants,
but sometimes the meaning of what we do isn't clear.
What ProAction Revenue Management can do for your organization is threefold.
First, we can bring people in who can take a portion of your
old receivables and work them through your computer system, or we can bring them
back to our headquarters through a data transfer and handle it there.
Second, we can help you bring in temporary workers through an
agency, train them, and lead them so that your facility doesn't have to deal with
them in any way, only through our leadership.
Third, we can provide leadership to come in and work with your
own people, verifying that they're trained properly and ensuring that your office is
up to date on all admission, billing and collection processes.
Fourth, we can offer solutions by reviewing your revenue cycle and billing
processes for maximum efficiency.
Through all of these efforts, you will see an increase in the amount of cash coming
in each month, as well as a reduction in the accounts receivables balance. We aren't
miracle makers; we just understand the diligence it takes in collecting money from
insurance companies and other payers.
We also have worked hard to establish
relationships with many insurance companies, so that when we call they'll take our
phone calls. We have seen in some facilities cash jump as much as 50%, although
usually we'll range from an average of 15% to 25% in increased cash collections within
the first 90 days.
If there are receivables that are truly uncollectible, you will be informed of that
so you can make the proper decision as to how or when you wish to adjust them.
Furthermore, we are affiliated with and work in conjunction with health care financial
consultants who have successfully worked with health care providers to optimize
their business operations, restructure their debts and reorganize them. We also work
closely with a Medicaid application service agency that would streamline your Medicaid
applications so that you will receive all the revenue that you are entitled to receive