CASE STUDY:

ESTABLISHING SUCCESS WITH A HOSPICE STARTUP

Advanced Revenue Cycle Management worked with a startup hospice provider to create a successful foundation for billing and collecting. With no previous experience, the new hospice agency faced a complex set of rules and processes to receive its Medicare license and credentials. The provider was nervous about the daunting tasks and hired us after researching specialized hospice billers.
We successfully assisted the hospice agency in navigating through the stressful processes startups face. As soon as accreditation was received, we immediately began processing and collecting on outstanding A/R and worked to implement processes needed for long-term industry success.

CHALLENGES

  • Hospice startups often struggle to get their paperwork done correctly and in a timely manner.
  • Upon certification, startups face immense pressure to get their past billing submitted in order to begin collecting on work performed.

ARCM SOLUTIONS

  • Assisted with electronic billing enrollment.
  • Monitored all Notice of Elections until they were processed and paid.
  • Monitored all Additional Development Requests until they were processed and paid.
“They do it so well that we don’t have to worry about our collections. Everything comes in every month, and we can just focus on patient care.”
- Hospice CEO

RESULTS

  • We greatly reduced the standard wait time for the provider to receive its initial collections after Medicare licensure.
  • Our team established a successful foundation for billing and collecting that allows the startup to focus on delivering high-quality patient care.
  • We collected hundreds of thousands of dollars within a few months easing the financial pains of a hospice startup.

After hiring our team, we drastically improved all aspects of the billing process. In addition to ensuring the client was fully compliant, we added additional team members to actively manage cases and maximize collections. Through our efficient, proven services, Advanced Revenue Cycle Management completely restructured the hospice’s billing system.

“Advanced Revenue Cycle Management had hundreds of thousands of dollars collected within a few months which helped our profit margin tremendously.”
- Hospice CEO

Advanced Revenue Cycle Management is a specialized billing service working solely with hospice providers across the country to maximize collections. Our team of highly-trained expert billers understands the complex nature of hospice billing and strictly adheres to required collection standards. We are fully devoted to providing unmatched billing solutions so that our clients can focus on patient care.