Positively Optimized Aging Accounts Receivable and Quickly Increased Cash Flow for a National Radiology Group
Discover how a national radiology group billing an average of $43M per month was able to tame their massive A/R by enlisting Infinx’s RCM Platform with AI-driven robotic process automation backed up by expert technicians to manage claim denials and increase cash flow.
In this case study, you’ll learn:
- How using a proprietary prioritization determination engine allows you to evaluate outstanding claims based on recovery propensity and reduce Aged A/R >120 days by 58%.
- Where forecasting the next best actions for follow-up focuses workflow and improves overall performance.
- How the Infinx AR Optimizer Solution (AROS) system worked in tandem with certified technicians, who handled the complex or problematic claims and follow-up, drastically decreased rework and improved collections.
During the initial year, the results were tabulated and evaluated. Our client achieved the following using our RCM Platform and AR Optimizer Solution:
- Overall increase in collections from A/R follow-up and denials was 27.9%
- Additional reimbursements from aged AR >120 days was 53.3%
- Year-over-year improvement of the 120+ A/Rs was 58%
- 90% of denials were addressed in less than 5 days
