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What if you could offset operating losses without costly systems? Parathon is the only company that offers denial and zero balance recovery services COMBINED with client access to our system which exposes root cause issues totally free of charge. With a 65% collection rate on denials over 350 days, Parathon will ensure your hospital sees an increase in revenue without
Parathon offers a sophisticated denial worklists, that enables faster collections and a smarter workflow. Managing denials has never been easier! EMPOWER your team with Parathon. Denial Workflow Can Improve by 76% Increase cash Reduce Underpayments
According to the advisory board, Healthcare organizations suffer an annual loss from denial write offs. This loss can be as little as 1% to as high as 4 to 5% of net patient revenue. Parathon offers denial recovery services that can ensure additional net revenue and avoid write offs on aged or troublesome denials. With
How are zero balance vendors failing? There are many misconceptions when it comes to zero balance reviews. Many hospital executives feel that because they have hired a well-known or reputable vendor they have exhausted all the potential zero balance revenue available. Many have said that their vendor has found very little revenue. The misconception comes
Many times the accounts in a zero balance are ignored or are not a focus to increase revenue for a hospital system. At Parathon, we have a different opinion. We view these accounts as potential lost revenue and have the ability to find out how accurately your payers are paying the bills. This could lead
Parathon’s Annual User Conference is right around the corner! Join us in Las Vegas on March 6th – March 8th and get the opportunity to hear from high-profile executives on leading revenue cycle topics. Click to register or email us to learn more! Check out what we have scheduled for each day of the conference – Download Agenda
Third-party underpayments are exactly what they sound like – payment requests that are only partially paid. When hospitals send out payment requests to third party insurance companies, their billing departments examine the bills, but instead of paying them in full, they only submit enough money to cover part of the balance. Unfortunately, this happens more