Breakthrough patient AR performance
Imagine a financial expert with Warren Buffet-type skills running your patient financial services (PFS) department. How would operations look, and what might the approach to performance be?
To begin, conventional PFS processes and metrics would give way to more advanced financial-market standards, rigorous performance oversight, and higher compliance protocols. Patient receivables would not just be seen as accounts for processing, but also in relation to their variable net present value. As such, they would be managed with precision as financial assets relative to their investment grade. Above all, executing across the full range of performance options to generate positive yields and to hit projected patient AR cash flows would be a core operational expectation and PFS department competency.
These principles sit as the centerpiece of the ARxChange. We align the best of today’s revenue cycle with the market’s most progressive financial techniques to deliver unparalleled, breakthrough patient receivables performance.