Outpatient Surgery Magazine

Running on Empty - August 2019 - Subscribe to Outpatient Surgery Magazine

Outpatient Surgery Magazine, providing current information on Surgical Services, Surgical Facility Administration, Outpatient Surgery News and Trends, OR Excellence and more.

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financing company because, as Ms. Thomas puts it, "you don't want to put your neck on the line and recommend a lender that's still working through their growing pains and keeps changing up their program every couple of months." A good benchmark to use is 5 years; you want a partner that's been in the industry for at least 5 years, so you know they're not going anywhere, adds Ms. Thomas. 5. Technology and service. Whether it's an easy-to-navigate website or a frictionless iPhone or Android app, consumers now demand these things, so your financing company must be able to provide them, says Mr. Casellas. Seamless technology is also what will ultimately allow you to keep a potential patient who's shocked to find he's responsible for $1,000 or more because of his high- A U G U S T 2 0 1 9 • O U T PA T I E N T S U R G E R Y. N E T • 7 3 " 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. Is Our Patient Financing Plan Right for You? 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

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