Certive has introduced one day billing and lost charge recovery solutions to hospitals in Texas with the aim of improving revenue cycle efficiency. With the one day billing solution, hospitals can outsource large volumes of low dollar accounts receivable to Certive to ensure the accounts remain current and maximum cash amounts are collected.
Lost charge recovery services compare a patient's medical record to the detailed bill, enabling a hospital to identify procedures or products utilized in patient care that do not have corresponding charges on a bill. The process additionally compares insurance reimbursement to payer contractual obligations to assess payer compliance.
Through day one billing and lost charge recovery solutions, Certive aims to increase hospital cash flow, reduce aging of accounts receivable and improve revenue cycle efficiency.
The solutions are currently available to hospitals in the Texas market.