Indianapolis. Ind. (PRWEB) January 24, 2013
Senex Services Corporation has considerable experience with healthcare revenue cycle management, and offers clients analytic solutions to solve their toughest challenges. The Company knows that approximately 80% of clients’ self-pay collections are generated from 30% of healthcare accounts. By using the Company’s proprietary analytic tools, Senex is able to leverage socio-demographic information to effectively and efficiently classify, segregate and liquidate client accounts.
Companies that utilize Senex and its resources for healthcare revenue cycle management have their accounts analyzed in comprehensive methods that result in streamlined revenue cycle management. Senex partners with healthcare organizations to implement proprietary analytic methods that result in reduced costs in-house as well as the ability to return the clients’ focus to patient care. Clients are meant to focus on healthcare, and Senex analytic solutions make that focus easier to achieve.
Senex’ analytic tools are a comprehensive method of search and recovery of funds that are often lost or overlooked from charity care or insurance claims. The Company supplies the personnel and resources to leverage socio-demographic information against healthcare organizations’ charity care forms. During this search, the Company also recovers the considerable denied or missed claims made to insurance companies. This methodology reduces costs to healthcare providers and pressure on personnel while also recovering funds that healthcare organizations often calculate toward losses.
Following the search and recovery of accounts, Senex’ analytic solutions initiates the scoring and segmenting of healthcare organization’s accounts. The Company has over 13 years of experience in the healthcare ARM industry, which initiates their suitability for healthcare revenue cycle management. This extensive experience means that Senex has amassed a combination of bad debt volume and collection experience, which is compounded with the Company’s proprietary ranking system that classifies, segregates and liquidates accounts in a seamless manner.
As an extension of the client, Senex offers oversight, reporting, control and the freedom to recall patient accounts when utilizing Senex’ proprietary analytic solutions. These solutions are able to uncover that approximately 30% of healthcare organizations’ total bad debt should be classified as charity care. As well, utilizing Senex’ staff means that the usual minimum of 20% of accounts that are sent to agencies will not require additional follow up by internal staff, but the Company will alleviate those issues.
Senex’ clients experience efficient classification, segregation and liquidation of healthcare accounts. Organizations rely on the innovative analytic solutions created and implemented by Senex to alleviate issues and develop solutions to revenue cycle management challenges. When the Company advances their proprietary techniques, the positive results in healthcare account management are limitless.
Senex Services Corporation is an Indianapolis, Indiana based company that provides innovative revenue cycle services and analytics to healthcare organizations. Since 1998, Senex has consistently worked to maximize performance, provide critical capital and streamline collection processes. For more information concerning Senex, please call 317/613-3000 or visit http://www.senexco.com.
Moncur Associates 877/966-6287 http://www.moncurassociates.com