Category: Healthcare
Becker’s Hospital Review Lists IC System as RCM Solution
Becker’s Hospital Review recently published a list of companies offering revenue cycle management (RCM) solutions in the healthcare space. The list stresses the importance of RCM today, particularly given recent regulatory changes and increased scrutiny of the industry from lawmakers. Becker’s Hospital Review is a prominent source of cutting-edge business and legal information for healthcare
Recover Revenue on Healthcare Balances Under $500
Regulations for credit reporting healthcare accounts have changed in recent years. Credit reporting is no longer allowed for a full year after your healthcare accounts becomes delinquent, and accounts under $500 are no longer reportable. But there are a few common misconceptions about the new regulations: ⊗ You can’t place your healthcare accounts under $500 in
Overcoming Staff Shortages in Healthcare
Dental and healthcare offices currently face staff shortages that significantly impact how providers address their AR inventories. The shortages affect many positions, from dental assistants to front office staff and nurses, who scramble to meet high demands with fewer resources. They also impact the back office staff, who must contend with billing matters. As a
Healthcare Collections Still Possible Under New Regulations
New regulations and restrictions concerning credit reporting and the placement of healthcare debt with collection agencies have prompted some providers to stop placing debt with their agencies, especially accounts under $500. The response has led to a decrease in the revenue providers would usually receive from unresolved bad debt sent to their collection partners. Not
Champion-Challenger Collections Model
Competition brings out the best in us. Keep that in mind when considering what to do with your accounts receivables. Having a single, reliable collection agency partner may prove successful. But do you ever wonder if your collections partner could do better? Rather than leaving one partner and finding another, consider a Champion-Challenger model. Engaging
Kristina Gursky Named President of AAHAM Gopher Chapter
Kristina Gursky, IC System’s Vice President of Healthcare Client Success, was recently named President of the Gopher Chapter of AAHAM (American Association of Healthcare Administrative Management). Kristina has a long history with AAHAM. She holds a Certified Revenue Cycle Professional certification through the organization, and in 2020, she was appointed to the AAHAM National Patient
IC System Partners with Rural Health Alliance as Preferred Vendor
IC System is proud to announce a new strategic partnership with Rural Health Alliance (RHA). The partnership makes IC System a preferred vendor for debt collection and patient account receivables, giving RHA members the opportunity to access low collection costs and high agency service levels well beyond what would otherwise be accessible. “We are excited
MN Gopher Chapter of AAHAM Receives Chapter Excellence Award
The MN Gopher Chapter of AAHAM (American Association of Healthcare Administrative Management) has been named 1st Place for the 2022 Chapter Excellence Award. This award was presented to the Minnesota Chapter’s President, Heather Rickgarn. Kristina Gursky, Director of Healthcare Client Success at IC System, is currently the First Vice President of the MN Gopher Chapter and
Find Revenue in Your Late-Stage Healthcare Receivables
If you’re like most mid-size or larger healthcare organizations, chances are you only have a single-tier strategy for your receivables. You place your past-due accounts with one or more collection agencies, and they attempt to recover a portion of the inventory, and that’s where collection efforts end. Many health systems in the industry manage their
When is the Best Time to Send an Account to Collections?
Whether you’re running a small business, healthcare office, or a large corporation, knowing the right time to submit a debt to your collection agency remains tricky. There’s a delicate balance. You shouldn’t send an account to collections too soon, but you also shouldn’t wait too long. So what’s the correct timeframe? Here are some things
