Synergy Billing Launches Revenue Recovery Service with No Long-Term Contract to Convert At-Risk Funds to Revenue for Community Health Centers
DAYTONA BEACH, Fla., Sept. 5, 2018
DAYTONA BEACH, Fla., Sept. 5, 2018 /PRNewswire/ -- Synergy Billing announced today that the company is launching the Synergy Revenue Recovery Service. The launch took place at the Community Health Institute of the National Association of Community Health Centers in Orlando. The service offers Community Health Centers the opportunity to avoid timely filing and bad debt write-offs by partnering with Synergy billing. It was met with intense interest by attendees at the conference.
"Bad debt is a virus that infects Community Health Centers. It starts as a denial, an unpaid claim for health care services," said Synergy Billing Founder and CEO Jayson Meyer. "Once a claim is denied, the work needed to appeal that denial is time-consuming and complicated. Each day that passes, the money is more likely to end up lost to payer timely filing requirements."
Meyer went on to say that most problems stem from staff turnover, badly configured billing software, clearinghouse issues, and ever-changing payer rules and requirements. This results in Accounts Receivables, money that is lying around waiting for someone to take action. Often, the Health Center's billing staff has little time to devote to the investigation necessary to recover the funds.
The Synergy Billing Approach
Synergy Billing's Revenue Recovery Service is a performance-based service that lowers A/R and converts at-risk dollars into found money. The company's method is simple and straightforward: do whatever it takes to prevent bad debt write-offs. The oldest, most collectable balances are prioritized. Each month Synergy Billing runs a report of balances that are approaching timely filing and reworks each claim with the nation's leading FQHC billing experts.
There is no long-term contract and no risk to the Community Health Center to engage Synergy Billing to recover revenue that the Center thought to be lost. For more information, visit the company's web site at www.synergybilling.com or contact Ronnie Reeves at Ronnie@synergybilling.com.
Synergy Billing provides revenue cycle management to a special niche in health care known as Federally Qualified Health Centers (FQHCs). These community health centers act as a safety net for the nation's most vulnerable populations. Services provided to these clients including medical billing, credentialing, and extensive training on a variety of critical topics. Synergy Billing was founded by entrepreneur M. Jayson Meyer, who is nationally recognized as an expert in maximizing revenue in health care. Most FQHCs report collection rates of less than 75 percent, while Synergy Billing clients enjoy collection rates of more than 90 percent.
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SOURCE Synergy Billing LLC