Increasing the Odds in Getting Paid for Patient Transports
November 23, 2011 - Run Time 12:10
Guest: Ryan Reid, Senior Accounts Receivable Consultant, Transworld Systems, Inc.
To the ambulance administrator or person who does patient billing, the aging report is a key measure to cash flow management in running a healthy ambulance service business. Given tougher than usual economic times, ambulance companies are experiencing an increase in private pay and other circumstances with patient transport bills not getting paid, and for many, the non collection percentage continues to go up. There is a solution: Transworld Systems, Inc. - a third part billing and collections company.
Recently signed by PAAW as the newest member benefit in group purchasing, Transworld Systems takes the nightmare out of past due collections. For an average flat fee of $10 per patient account, Transworld manages a series of contacts with better than above average industry results. Bottom line: It might be better to contact them for a minimal $10 charge and big time effort before reporting to your board or supervisor the need for approval to write off that $500 or $2,000 patient transport bill.
For more on Transworld Systems and their new offer for PAAW members, click here.
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