Bad Debt Recovery
Patient bad debt recovery starts with a solution, a healthcare specific collection agency. Patient bad debt accounts are recollected with trained healthcare call representatives and letter notices that mandate for balances owed to a provider. Providers have the option to reinforce their uncollected bad-debt accounts with credit reporting.
Early Out (Pre-Collections)
Pre-collections ‘Early Out’ is a billing option for your Medical Provider to recollect low age AR. Without credit reporting to reinforce patient remittance for balance owed, pre-collections offers flexibly to the patient to manage their owed dues. Patients can resolve their balance, or set up an automated/manual payment plan with Mnet directly.
Payment Monitoring (Pre-Collections)
Many Medical providers offer financing solutions for patients that set up long-term payment plans with a facility to recollect owed balances. However, facilities may find it difficult to manage large volumes of long-term AR. Payment monitoring acts as an extension to your billing offices and offers a solution for AR management. Patients have flexibility to resolve their balances with call center support, access to their bill online, and several remittance options. Facilities overhead costs are lessened and employee time is increased.
Online Pay-Plan Management
Pay Plan management is an automated payment plan option for patients at the date of service. Patients have the ability manage their dues with an automated monthly remitted payment plan. Duration and increments are agreed upon at your facility, and the patient signs an agreement form with their debit or credit card.
Bad Debt Recovery
Patient bad debt recovery starts with a solution; a healthcare-specific collection agency. Patient’s bad debt accounts are recollected with trained healthcare call center representatives and letter notices that appeal for balances owed to the provider. Providers have the option to reinforce their uncollected bad-debt accounts with credit reporting.
Early Out (Pre-Collections)
Our pre-collections ‘Early Out’ billing alternative is a good option for providers to recollect low age AR. Without credit reporting to reinforce patient remittance for balances owed, pre-collections offers flexibly to the patient to manage the amount still owed. Patients can resolve their balance, or set up an automated/manual payment plan with Mnet Financial directly.
Payment Monitoring (Pre-Collections)
Many providers offer payment solutions for patients that have set up long-term pay-plans with a facility to recollect owed balances. However, facilities may find it difficult to manage large volumes of long-term accounts receivable. Payment monitoring is designed to act as an extension of your billing office and offers a solution for AR management. Patients have the flexibility to resolve their balances with call center support, access to their bill online, and several other remittance options. Facilities overhead costs are lessened and employee time is freed up for other tasks.
Online Pay-Plan Management
Pay Plan management is an automated payment plan option for patients at the date of service. Patients have the ability manage their account with an automated monthly remitted payment plan. Duration and increments are agreed upon at your facility, and the patient signs an agreement form with their debit or credit card.
Mnet Financial Partners with Amblitel to Create Remote Billing Solution for Surgery Centers
Mnet Financial, leading patient collection and payment solutions vendor for the surgical industry, has announced their partnership with Amblitel, industry leader known for increasing surgery center performance through strategic consultation, to offer a complete remote billing solution. This partnership has come about as a response to demand from the medical community for temporary billing assistance during the period of a software conversion or implementation of billing process changes.
Many management groups have been pleased to find that developing a centralized billing center can bring an increase in both patient and physician satisfaction while delivering an increase in financial remittances. "Recent trends in the ASC space indicate that leadership within the community continues to develop efficiency strategies to strengthen their business model by consolidating or changing their software and by centralizing or in some cases by de-centralizing corporate billing locations. One of our main concerns is to ensure steady cash flow during such a transitional period," said Mnet Financial CEO David Hamilton.
"Having trusted partners who can remotely bill claims and collect patient balances is comforting to centers that are encountering changes," addEd Hamilton. The unique aspect of this partnership is that this collaboration offers a high level of experience and skill in working with all of the major software options that are currently used by ambulatory surgery centers and outpatient hospitals throughout the country. In fact, Amblitel and Mnet Financial are not only familiar with billing software for surgery centers but also fully understand the benefits and advantages of each software option.
This partner solution gives surgery centers the freedom to make necessary changes to their billing process or software without the extra burden of a dip in cash flow or increase in the level of bad debt. Without these added burdens during a period of change, surgery centers will find they are able to operate smoothly and with stability and predictability.
Another noteworthy feature of this solution is that even while an ASC is in the midst of a transitional stage, all insurance claims, and deductibles can be billed as well as any outstanding accounts receivables. Mnet Financial and Amblitel also work diligently during this time to complete a financial assessment; then recoup any unpaid self-pay balances that might be due. Patient-friendly reminders, payment plans, coupon books, and auto-debit payment options are also extended to patients to facilitate patient obligations.
About Mnet Financial and Amblitel:
Mnet Financial provides collection services, payment solutions, and medical lien funding for the health care industry. Amblitel provides a single-source solution that allows ASC's to gain greater control of their business by providing a world-class information technology platform and consulting services.
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