If you’re like many hospitals, there’s a good chance you’re operating in the red. You may be looking for ways to improve your revenue process for sustainability. Imagine if your old data contained millions of dollars in recoverable assets from claims and accounts you walked away from. Think it sounds too good to be true? Think again! If it’s there, P2A will find it for you.
P2A is the only company that utilizes a revolutionary process to recapture lost revenue from old accounts previously written off as non-collectible, or “zero-balance” accounts.
Our unparalleled success speaks for itself. In just one case alone, P2A found more than $10 million dollars for a hospital by discovering a wrong assumption loaded into a payor system, and the hospital mistakenly assumed that their system and payor system were in sync. Today, P2A finds similar errors across entire hospital systems, freeing up millions of dollars in trapped assets.
There’s no comparison! While RCM companies only scratch the surface, our unprecedented asset recovery system provides a 100% audit of old data going back 5+ years. We go above and beyond what RCM companies provide.
Costly mistakes by insurances companies and other payors can stretch back for decades. It’s not surprising when you realize that approximately 90% of a payor’s claims are processed without a person ever looking at them!
We help hospitals regain their financial health through our one-of-a-kind BI engine and unique asset recovery system. We’re typically able to discover thousands of issues in old data and mistakes from insurance companies, including underpayments.
By re-engineering your past data into a highly useful format, you’re able to monetize trapped assets and increase your bottom line in the future.
We typically discover thousands of issues in claims and mistakes from insurance
companies, including underpayments. By re-engineering your old data into a
highly useful format, you’re able to successfully collect on past bills and increase
your bottom line in the future.
P2A goes above and beyond Revenue Cycle Management companies. We’re the only business in existence with the capability to re-engineer old data, mass audit it, and not only locate past issues, but solve all of them over many years.
Equally as important as collecting on old accounts, you’ll be able to correct those found issues to improve your current billing processes. When you’re able to see 5+ years of billing, payment and contract history all correctly redone through our beneficial process, it provides a platform for better decision making. You’re able to leverage the past short-payment data to renegotiate more favorable contracts with payors in the future.
The best part? Even after the initial audit is complete and claims are submitted for recovery, our system remains firmly in place to provide ongoing benefits for your hospital system. Each day it continues to auto-audit both inbound & outgoing EDI files after payer payment issues are identified. So, not only are past issues fully corrected, but your hospital’s financial bleeding is permanently stopped.