transparent. Let patients know that if you submit a bill for $14,000
to the insurer, the insurer will pay you, let's say, $4,000. Of that
$4,000, the patient might be responsible for a $2,000 deductible.
Their plan might cover 80% of the remaining $2,000, so they'd owe
an additional $400.
Ms. Willoughby shudders to think what her facility's finances would
look like if patients couldn't finance their portions of the bill. "They
wouldn't look so good," she says. "It would definitely increase our
billing time and greatly delay us receiving our money. It would also
create a paper trail where we have to generate bills for them and then
send collection letters."
Good luck with those collection letters. You'll need it. The percentage
of collections on patients with balances greater than $5,000 is said to be
1 0 0 • O U T PA T I E N T S U R G E R Y M A G A Z I N E • A P R I L 2 0 1 9
" I sleep better at night ever
since I started working with
Echelon. My ASC's fi nancial
performance has never
been stronger."
~ Mr. H., ASC Owner
Call (888) 964-0506 today to accelerate your cash fl ows too.
How to Receive Tomorrow's Collections Today
Mr. H., an ASC owner in South Florida, had a problem:
Low cash fl ow. Many of the patients treated at his facility had
insuffi cient or no insurance at all, resulting in an increase in:
• Letters of Protection (LOPs) and Medical Liens cases
• Contested No-Fault Insurance Receivables
In some cases, he was waiting years to receive reimbursement.
"These cases were literally killing my business's cash fl ow,"
so he decided to partner with Echelon Medical Capital,
among the largest medical receivable funding companies in
the country. Echelon assigns value to each case, immediately
funds the medical provider, and gets paid back when the case
settles or the claim is paid. Echelon advanced cash to the
center for its out of network insurance claims as well. The cash
fl ow needs of Mr. H were solved for good.
Better Than a Bank
™
EchelonMedicalCapital.com
