KeyBridge CAP Turns Healthcare Self-Pay Accounts into Revenue
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Cash Acceleration Program Eliminates Headaches for Providers by Giving them Ability to Collect Payments Faster LIMA, Ohio--(Business Wire)-- KeyBridge Medical Revenue Management (www.keybridgemed.com) announces the Cash Acceleration Program (CAP), a new program that helps healthcare providers accelerate payments from self-pay accounts. CAP is designed to simplify payment collections by taking over the process as soon the initial statement is sent. "We`re hearing from a lot of healthcare providers that self-pays have become their fastest growing payer class," said Scott Koenig, KeyBridge president. "CAP provides healthcare providers a valuable resource to get control over an increasing number of self-pay accounts to generate revenue faster without increasing staff workload." With CAP, healthcare providers identify self-pay accounts, send the initial statement and then turn the process over to KeyBridge. This allows healthcare providers to focus on patient care. KeyBridge begins the CAP process by accepting all inbound patient calls and sends subsequent statements. KeyBridge works directly with patients to collect payments. Payment plans, discounts and charity care applications are solicited according to healthcare provider financial policies. As always, KeyBridge generates real-time reports on payments collected and much more throughout the process. "We take careful steps to ensure that every aspect of the payment collections process is patient friendly," Koenig said. "Our team undergoes extensive training to match the business style of our clients and to use communications techniques that preserve patient relationships." Learn more about CAP at http://www.keybridgemed.com/pdf/news_capwebslick.pdf. About KeyBridge Medical Revenue Management KeyBridge is a leading provider of accounts receivable management services, including post-charge-off debt recovery, early-out programs, accounts receivable clean-up, and other services. By strategically implementing cash management programs designed to enhance the revenue cycle, KeyBridge is able to provide its clients improved cash flow while reducing cost of recovery. For more information, visit www.keybridgemed.com. KeyBridge Medical Revenue Management Stacy Wood, 614-540-5520 woods@marketing-works.net Copyright Business Wire 2009
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