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 from believing that the vendor has navigated the complexity of the revenue cycle.
Zero balance vendors are conducting cursory zero balance reviews not exhaustive ones. The reason they do not conduct exhaustive reviews is due to the fact that they must risk significant money and are required to have technology that can load and validate all relevant contracts and claims. Every contract that affects zero balance must be loaded and married with the proper data, which is not being done by the vendor.
What can Parathon do differently?
Parathon has uncovered the secret to making millions in zero balance reviews. We posses the necessary technology and knowledge to get the job done right and unlock .5-15% of additional revenue in your hospital!
For more information on how your hospital can do this, click the link below to sign up for a white paper!