(PRWEB) June 15, 2011
Velocette Software is pleased to announce that we are now providing our Automated Medicaid Eligibility Verification Service (Velo-Check) service for the Betsy Johnson Regional Hospital of Raleigh North Carolina.
Like most hospitals, the Betsy Johnson Regional Hospital has a significant volume of accounts registered as “self pay”. Our Velo-check process takes all Self Pay registered accounts and checks for Medicaid coverage. This process is performed daily.
A report is sent back to the facility showing all Self Pay registered accounts who do in fact have Medicaid coverage (if any) within 24 hours of us receiving the client list.
On average the Velo-Check process can help hospitals convert between 4-8% of their self pay patients to Medicaid.
The Affordable Care Act of 2010 provides for a significant expansion of Medicaid and increasing number of persons are becoming eligible for this type of medical payment coverage. Our inexpensive and easy to implement Velo-Check service is helping many organizations make better and more appropriate use of Medicaid patient coverage when it is available.
Our Velo-Check service can help your organization reduce the number of self pay accounts it is managing. There are many benefits to reducing your load of self pay accounts: improved cash flow, reduced need to pursue collection activities against non paying self pay accounts, and reduced a/r days.
Velocette Software offers a range of software driven revenue enhancement services and software. Our services are reasonably priced and can help reduce your health care organization’s a/r days and thereby improve your overall cash flow. You can find out more about Velocette software at: http://www.velocette.com