What We Do
Manage legacy system accounts receivable to improve financial performance.
When an old financial system is replaced, there are typically outstanding accounts receivable (A/R) records that aren’t converted in full line-item detail to the new software. Although keeping the legacy system up and running is an option for collectors to wind down A/R, it is often a more costly approach than archiving due to high vendor support fees on a full-production billing system. HealthData ArchiverTM an industry-leading long-term data storage solution, offers A/R management capabilities ranging from simple transaction posting to automated collection agency management to complete collections functionality.
Comprehensive Management of Collections for Legacy A/R Records Wind Down
Manage more complex A/R wind down after the financial system is decommissioned. With this browser-based application, billing staff can continue collection efforts by refiling 837s* and receiving 835s, managing collector/agency workflows and maintaining predefined interfaces. Provides the ability to send statements as well as post payments, adjustments, memos, and request refunds. Standard reports and extracts can be produced.
*In conjunction with your clearinghouse.
On demand reporting can be utilized to generate reports/extracts, to query data as needed, or to generate standard reports – defined by a selection of tables and fields – that comply with government agency requirements.
So, the value proposition of the HealthData AR Manager it’s straight ahead and pretty simple. Those systems are older, they cost a lot and the cost adds cost to those health systems. We simply want to have a better product that’s inserted in place of that AR system that’s more securely managed. And that builds on a better experience. If we have a better experience for that person who’s in charge of revenue cycle, the whole care experience in the institution is just that much better. So, that’s why we do it.