Financial Performance Turnaround for a Private Multi-Location Cardiology Practice
Enhanced Revenue Solutions by Infinx was engaged by a private, 6-physician multi-location cardiology practice in Central Texas to perform an audit of their entire revenue cycle management system. Following the results of the audit, ERS was charged with implementing a system-wide upgrade as well as instituting an active recovery program to capture uncollected A/R.
ERS implemented a recovery process for existing claims and provided ongoing RCM services including claim submission, coding support, and all A/R follow-up.
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Worked on all existing feasible claims and was able to recover $160,000 in lost billing in the first two quarters
Improved collections from 88% to 94% in the first full quarter and 102% by year-end
Helped the Practice purchase a PET scan machine. The Cardiac PET procedures brought a $700K increase in revenue per quarter, equaling a 12% increase in their overall bottom-line