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Account Decisioning Tools
Connance’s Account Decisioning Tools enable prioritization of efforts in early out and later stage collection efforts.
Collect more cash, faster and at a lower cost by working smarter in your business office.
Connance’s Account Tools evaluate any self-pay account, and assign it to the most effective collection treatment in your operation based on expected cash value and collection difficulty. Business Offices can focus on maximizing their “ROI”, setting in place the most appropriate collection routines for their patient mix.
Invest collection effort against higher value accounts that need motivation to pay. Don’t invest constrained resources against accounts that will cure on their own or will never pay. Maximize community benefit through proactive and fair screening of all accounts. Accelerate documentation processes with proven analytics.
Connance’s Account Tools answer questions like:
- Which of your accounts with patient responsibility have the highest cash value? Which have the lowest?
- What collection strategy is most cost effective for this account?
- How long should this account be worked internally before being sent to a third-party extended collection team?
- Does this account qualify for my facility’s charity policy or should it be classified as bad debt?
All Connance’s tools rely on analytics that have been specifically built for healthcare providers and their agencies. They have been developed and tested using the experience of business offices and late stage collection teams and agencies from around the United States. Connance’s analytics tools are effective with all self-pay accounts, even those non-traditional households that lack credit cards, mortgages or other traditional financial transaction history.
Contact us to explore the value of adopting these models in your specific situation.
Single Connection Brings Suite of Solutions
All of Connance’s solutions are accessed through a single data interface. Once you’re connected with Connance, you have access to the entire suite of tools and services we offer. This simple and straight forward connection can be implemented by your IT team or by Connance.
Compliance, Privacy and Security
Connance research and products are designed and maintained to ensure full regulatory compliance with the Health Insurance Portability and Accountability Act (HIPAA). Connance's physical, administrative and technical measures ensure the confidentiality, integrity and availability of all protected health information. Connance does not own any individual or identifiable patient financial or medical information nor does it sell such information as part of its business solutions.
Obtain more information about any of our solutions, please contact us at 781-577-5099, or via email at sales@connance.com.
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Connance tools are designed to address your full patient population, even those who lack credit bureau files. Typically, upwards of 40% of accounts with patient liability lack files at traditional credit bureaus.
Use Connance account decisioning tools to increase cash and lower operating costs. Contact Us