Financial Recovery Systems, L.L.C., an integral part of your Revenue Cycle Management and member of the AAHAM
WHAT YOU SHOULD KNOW
F.R.S. specializes in recovering denied, aged, stalled, unpaid, underpaid insurance claims, and re-billing for health care facilities and physician practices.
F.R.S. recovers millions of dollars annually for our clients throughout the country.
F.R.S. only charges for dollars that are recovered as a direct result of our efforts.
F.R.S. even collects on what others have returned as uncollectible.
F.R.S. has never failed to recover money for any of our clients within 30 days of assignment.
There are no upfront costs or risks to have our experts review your accounts for lost revenue and money that has been left on the table.
F.R.S. does not get paid until after you do!!
F.R.S. adds REVENUE to your bottom line.
Q: Wouldn't it be more economical to put systems in place to handle these types of claims internally?
A: No, studies show you will spend more in salary and benefits and still not have the years of experience and expertise you need to handle these time consuming claims and get the results you need. Further, the balances of these troublesome claims are transferred to the patient and eventually written off to bad debt.
Q: Don't these type of claims indicate a problem with staffing, education, and systems?
A: No, all facilities big and small have these type of claims. They are a byproduct of insurance companies accomplishing their goals. Remember, these type claims actually represent a very small portion of a facility's overall revenue cycle.
Q: Are all claims collectible?
A: Obviously not, but, every claim must be researched and evaluated. Some denials are justified, but many collectible accounts do get transferred to self pay and written off when they are still recoverable with the right expertise, specialization and resources.
Q: Is outsourcing an expense that should count against my budget and department?
A: No, that notion is an outdated paradigm. Outsourcing these type of claims is a revenue producing decision. 100% of zero is still zero. If you outsource on a contingency basis and you get results then you are increasing your revenue and bottom line without increasing your staffing.
Q: Can I choose which accounts I want to assign to F.R.S., or can F.R.S. help me decipher the best way to capture these type of accounts?
A: Yes to both, you are in control of what accounts are assigned to F.R.S.
Q: Can F.R.S. access our system electronically?
Q: Can F.R.S. handle just our underpayments if we have a system in place for Denial Management?
DON'T LEAVE MONEY ON THE TABLE!
MAKEF. R. S. A PART OF YOUR REVENUE CYCLE
WE'VE GOT APPEAL!!
Financial Recovery Systems, L.L.C., an integral part of your Revenue Cycle Management