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Cash Acceleration

“The re|solution team was so helpful and had so many good ideas that they quickly gained the trust of the full-time staff. Everyone was happy to have them on board and soon realized the value of their expertise.”

John Wilker, Chief Financial Officer

Portneuf Medical Center

Immediate Cash Other benefits include: 

• Reduced days in A/R
• Improved bottom line
• On-site training
• Proprietary reporting tools
• Improved management information
• Sustainable results
• Peace of mind

Real Life Results

Carson Tahoe Regional Medical Center (“CTRMC”) is a 140 bed facility just south of Reno, Nevada. With over 30,000 patient visits per year, CTRMC had a negative adjustment to their net Accounts Receivable of nearly $6,000,000 when their management embarked on a process to find any and all opportunities for cash and bottom line improvement.

re|solution was engaged in November 2006 and assigned all insurance accounts over 90 days. During the first quarter of the engagement, cash collections were 40% higher than cash collections for the same quarter in the prior year.

In addition, re|solution provided added services for CTRMC’s business office staff, such as training in billing and follow-up techniques and a detailed revenue cycle assessment at no additional cost. The hospital administration was ecstatic about the increased cash flow. The improvements identified and implemented by re|solution were continued after the engagement ended.

Methodology 

• Experienced and knowledgeable analysts work your aged accounts
• On-site training and mentoring of your staff insures long-term improvements
• Inefficiencies identified and recommendations made for customized process improvements
• Safety net of re|solution resources provide post engagement support
• Post engagement quarterly benchmark reports verify your success