The healthcare industry has evolved rapidly to overcome the recent unprecedented challenges. While the industry grows beyond the traditional healthcare model, venturing into the foray of telehealth, there are challenges when collecting consumer payments. Lack of proper management of your revenue cycle may make you lose payment. In addition, any leading healthcare debt collection agency can help you overcome such challenges and improve efficiencies.
Our company provides a smooth healthcare debt collection service. We're a reputed firm with long-term market experience. Meanwhile, the agents have an in-depth understanding of payer billing rules, audits, recoupments, appeals, denials, and more. Meanwhile, our state-of-the-art technology and expertise help maximize revenue collection.
A typical revenue cycle consists many steps, including claims generation, payment posting, insurance collections, and many more. We ensure that each of the steps is seamlessly executed to ensure 100% medical bill collection through our healthcare debt recovery services. Our expertise, multichannel collection approach, and commitment to compliance adherence make us stand out as a healthcare debt collection agency in all states.
What Makes Vital A Distinguished Medical Debt Collection Agency
We have staff dedicated to make a complete medical billing collection as a part of our healthcare debt recovery services. They are motivated individuals, trained to ensure that all stages of your revenue collection are executed seamlessly.
We ensure flawless patient experience by experienced professionals during the collection phase. This increases your retention rate and help you earn customer loyalty.
Our impeccable claim processing and submission often leads to approval at the first attempt. It significantly minimizes the denial rate.
We ensure 100% quality assurance through the representative scorecard, monitoring, and call recording. In addition, our quality assurance software ensures 100% call audit and real-time feedback.
Our standard medical collections services involve sending automated notices and messages to the patient. It often results in fast claim processing and better revenue cycle management.
Our dynamic self-cure and web-based payment solutions enable your patients to quickly and easily make guaranteed payments.
Paying a medical bill for a few days can affect your credit score. A medical bill affects the credit score when the medical collection agency gets involved. It's best to initiate payment in order to lower credit scoring.
When a healthcare debt collection agency contacts you, you must;
Paid medical collection debts will no longer come up on the credit score. Earlier, healthcare debt could appear on credit reports after six months; this timeframe has now been extended from six months to one year, allowing consumers to address their debt before it goes to the credit reports.