St. Louis, Missouri (PRWEB) October 03, 2012
Amerinet Inc., a leading national healthcare solutions organization, announces State Collection Service and American Healthcare Solutions have joined the Amerinet Strategic Alliance for Financial Efficiency (SAFE), a partnership of market-leading companies providing best-in-class revenue cycle and financial performance improvement solutions that support healthcare facilities of all sizes.
“Our newest SAFE partners enhance our ability to provide our members with the most effective approach to end-to-end revenue cycle management and financial performance improvement,” said John Vinarsky, Amerinet vice president, executive resources and office solutions.
“In today’s healthcare environment, providers are facing pressure from multiple sources – increasing costs of care, declining reimbursements, and an increasing shift from third party payers to patient responsibility, among others,” said Steve Beard, chief business development officer, State Collection Service.
These pressures necessitate a strategic approach to receivables management. State Collection Service provides receivables management solutions throughout the revenue cycle designed to the needs of the market. Whether through denials management and a reduction in avoidable loss or generating net back recoveries to improve the bottom line through self-pay or bad debt collections, the value delivered to Amerinet’s members includes:
- Increased cash flow
- Reduced cost of collections
- Decreased bad debt expenses
State Collection Service is a leader and innovator in the receivables industry, and has received national recognition for its quality assurance practices, customer service capabilities, and performance standards. The company carries the HFMA Peer Reviewed designation and is a winner of the Better Business Bureau Torch Award for business ethics and integrity.
“American Healthcare Solutions provides a labor management and dynamic productivity management system that brings practical and sustainable business performance improvements and cost savings to hospitals and other healthcare organizations,” said Stephanie Dorwart, MHA, executive vice president and chief operating officer, American Healthcare Solutions.
American Healthcare’s three-phase comprehensive labor management solution includes productivity benchmarking, implementation and monitoring, bringing $1 - $2 M in cost savings and efficiency improvements for every 50 beds and driving savings historically between 4-8 percent of Total Labor Expenditure. Typical ROI exceeds 10:1
SAFE is a component of Amerinet’s Financial Management Solutions, a comprehensive set of solutions delivering as much as a five percent increase in cash collections. The solutions provide real answers to difficult issues including implementing technology, eliminating administrative waste, facilitating or enforcing standards and constantly changing payment protocols.
Through assessment, implementation and software, providers can make quantifiable, hard-dollar gains in their financial statements including:
- Increased net revenue
- Increased net collection percentage
- Reduced cost of collections
- More cash flow predictability
As a leading national healthcare solutions organization, Amerinet collaborates with acute and non-acute care providers to create and deliver unique solutions through performance improvement resources, guidance and ongoing support. With better product standardization and utilization, new financial tools beyond contracting and alliances that help lower costs, raise revenue and champion quality, Amerinet enriches healthcare delivery for its members and the communities they serve. To learn more about how Amerinet can help you successfully navigate the future of healthcare reform, visit http://www.amerinet-gpo.com.