Financial Management Services
As the uninsured and underinsured patient population increases, so are Healthcare Bad Debts and Charity care. As a result Healthcare Institutions must insure that their operations throughout the entire organization optimize Revenue Recognition and Cash Flow. This requires the right technology combined with implementation of a strategic plan, efficient and effective operations, appropriate technology deployment and ongoing support and education. Inteck’s Financial Management Services (FMS) Division provides the assistance needed throughout Finance and Patient Financial Services areas.
Inteck’s Financial Management Program
accomplishes the following goals:
- Improve Financial Performance by utilizing IT
- Increase Revenue and improve Cash received
- IT Systems Optimization
- Eliminate manual spreadsheets and system work-a-rounds
The benefits of Inteck’s program include:
- Provides a comprehensive, integrated Program that fully pays for itself quickly. The additional cash collected more than offsets any cost of using Inteck’s expert staff
- Denial Management/Managed Care Contract Monitoring and Payment Review program
- Establishes a Benchmarking Process which provides
Key Performance Indicators and Metrics for the revenue cycle management process - Implements a Receivable Management System, which includes pre and post conversions
- Aged A/R assistance and retroactive zero balance review
- Provides access to Interim Staffing, whenever necessary
