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Early Out Process. SRMC Non Profit Facility Riverdale, GA 376 Beds 18,122 Inpatients per year 3530 Newborns per year 76,376 Outpatients per year 74,212.

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Presentation on theme: "Early Out Process. SRMC Non Profit Facility Riverdale, GA 376 Beds 18,122 Inpatients per year 3530 Newborns per year 76,376 Outpatients per year 74,212."— Presentation transcript:

1 Early Out Process

2 SRMC Non Profit Facility Riverdale, GA 376 Beds 18,122 Inpatients per year 3530 Newborns per year 76,376 Outpatients per year 74,212 ED visits per year 2200 Employees 550+ Physicians Inpatient Acute Rehab LTAC Payer Mix

3 What and When? What is Early Out? Identify which accounts you want to outsource and when Report for insurance adds Charity/Indigent processing Any upfront processes you need to ensure are done, (POS collections)

4 WHO ? Vendor choice RFP (request for proposals) Technology-dialer, recording References Rates (blended?) Follow-up schedules/protocols/discounts, make sure they have your policies and procedures Insurance filing capabilities Tour Facility Drop Ins Should be transparent to patient, payments should be sent to you

5 HOW ? Programming challenges Timing of placements and files Include appropriate people and departments (I.T., Accounting, Pt Access, Medical Records)

6 GOOD OR BAD ? Vendor Accountability Report Cards Month End Meetings Monitor accounts turnover timing Monitor Invoices (insurance v/s patient $’s) Benchmarks

7

8 Balancing ? Reconciliations How frequent and to what extent Placements Transactions (payments, adjustments, refunds) Total Receivables

9 QUESTIONS


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