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In today's economy, effectively managing your self pay receivables is more important than ever.
Benefits of a SCI, Service Concepts & Initiatives partnership:
- increased self pay cash receipts 24-27% - increased cash flow - reduced days in A/R - lower bad debt expense - increased charity care eligibility for patients - maximum account resolution - improved financial performance - lower FTE costs - improved patient satisfaction and service - no net increase in expense
Problem
Healthcare organizations today are faced with an overwhelming number of both operational and financial challenges; the number of uninsured patients across the country continues to rise, employers are shifting costs to the employee resulting in an increase in self pay receivables and higher deductibles for the employees, the number of uninsured patients across the nation continues to grow. The healthcare industry as a whole is experiencing limited human and technological resources and because of this many accounts are being overlooked and neglected resulting in decreased recoveries and ultimately negatively impacting the healthcare facilities’ bottom line.
Solution
Servicing a national client base that includes healthcare systems, hospitals and specialty life science groups, SCI, Service Concepts & Initiatives is your complete self pay revenue cycle partner. We offer an array of services to help manage your active self pay receivables and improve your patient and community relations.
SCI understands the importance of maximizing the recovery of dollars for your organizations but not at the expense of your patient relations. We understand that your patients are your clients and need to be treated in the most professional and ethical manner. At SCI our goal is to deliver the highest quality of service and recovery rates at the lowest cost to our clients while forming and preserving sensitive patient relationships.
SCI is complete with state of the art technology, industry expertise and dedicated personnel. We strive to provide the most economical and customized self pay solutions with your healthcare facility’s unique culture in mind.
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