In 2008, the team at Vendale Services, Inc. was very successful in negotiating, resolving and collecting over $1,000,000.00 for our Work Comp clients. We also maintained a 96% "payment to settlement agreement" ratio throughout the year.
This success is due to our team of collectors negotiating the highest settlement possible based on the merits of each Workers' Compensation case AND dictating the payment terms.
With the other financial classes, our team of collectors work with carriers to get claims processed promptly. EOBs are reviewed to ensure the proper payment was received according to the particular plan and complex reimbursement guidelines. Incorrectly paid claims are resubmitted for additional payment.
In summary, our collection success stems from having dedicated team members that have actual Hands-On experience in the critical areas of front office, medical billing, coding, medical records and payment processing. They know how to calculate and use OMFS, APC, P & I, and other payment
formulas for Work Comp and other financial classes, which is a critical component in maximizing collections. We believe with this combination of skills, it gives our team a definite EDGE in obtaining the highest level of settlement or reimbursement possible on all financial classes for a variety of providers.
We can help improve your collections and generate more Cash Flow for your practice or facility, especially if you have old aged accounts that are not being successfully worked. Call (310) 963-7877 Now!!