Workers’ Compensation Case Study
Trusted RCM Vendor Improves Workers’ Compensation Claim Recovery, Greatly Reduces Backlog for Healthcare Network
A leading nonprofit integrated healthcare network in the South was looking to relieve the strain that workers’ compensation claims were putting on their internal staff. The provider did not have the resources available to keep up with the claims.
The healthcare provider partnered with Elevate Patient Financial Solutions® in March 2023, a trusted RCM vendor that had been successfully providing Out of State Medicaid services for them for several years. The ElevatePFS Workers’ Compensation team increased payer discovery for the client using a diverse and targeted method to identify all potential payer sources, pursuing all underpayments with a proactive, low-dollar denial and underpayment approach.
Click the button below to download the full case study and learn how ElevatePFS increased collections for the provider and reduced their backlog account volume, significantly improving the provider’s cash flow. In only 9 months, ElevatePFS resolved 84% of the accounts, valued at $24.5M.
