Cutting-Edge Technology Rescues

Small BalanceAccountsBy30%

Asseen in...

Small balance revenue recoveries have emerged as a critical solution for healthcare organizations grappling with the challenges of uncollected accounts receivables (AR). With rising costs and limited resources, hospitals and healthcare providers often face the difficult decision of either abandoning revenue tied up in small balance accounts or expending significant efforts and administrative costs to recoup them. However, innovative solutions like CorroHealth's REVIVEplatform are transforming the process with an effective path to reclaiming valuable revenue

CorroHealth, a trusted leader in healthcare revenue recovery, understands healthcare organizations' challenges in managing small balance accounts Their advanced technology, analytics, and expertise provide a comprehensive automated solution that allows hospitals to address small balance accounts effectively. By partnering with CorroHealth, hospitals can leverage their expertise and technology to maximize returns without overwhelming existing billing staff

Small balance ARaccounts for a mere one to five percent of revenue, yet, they can consume a significant portion of an organization's ARdepartment's workload? 55 to 60 percent. These accounts typically remain unworked, and the root causes of delays are left unaddressed due to limited staff availability As a result, hospitals risk losing revenue that could be collected with the right approach and support.

Jon Guiliani, Senior Vice President Revenue Cycle Management at CorroHealth, emphasizes the impact of small balance revenue recoveries on financial health: "Small balance accounts may seem insignificant individually, but collectively, they represent a substantial amount of revenue that healthcare organizations often overlook. By implementing an efficient and automated system like CorroHealth's, hospitals can significantly improve their financial performance and enhance the quality of care they provide."