Providing rapid A/R recovery solutions with industry
leading performance.
About revrecover
Industry leading
accounts receivable
recovery solutions
At HBiZ, our RevRecover services are designed to provide rapid A/R recovery solutions with a focus on denied claims and zero balance review.
Revrecover offerings
Here’s how we support your financial goals:
Early Identification and Action
We focus on quickly identifying Day 1 denials through analytics, allowing for prompt corrective actions. Our evolving use of machine learning aids in recognizing patterns that can preempt future denials, enhancing our proactive approach.
Thorough Review for Accurate Reimbursement
Our team methodically examines zero balance accounts and underpayments, using analytics to uncover inconsistencies and underpayments. Integrated RPA streamlines this process, ensuring thorough and efficient recovery efforts.
Revitalizing Aged Receivables
We prioritize aged receivables based on potential recovery, guided by data analysis. Our approach is supported by machine learning techniques to better target efforts, transforming aged A/R into realized revenue.
Targeted Denial Management
For various denials, we deploy analytics to uncover root causes and trends. We are progressively incorporating RPA to improve the efficiency of the appeals process and applying machine learning insights to reduce future denials.
Efficient Legacy A/R Management
In handling legacy system A/R, we rely on analytics to navigate and analyze data effectively. As we enhance our capabilities with RPA, we aim to streamline the liquidation process, minimizing revenue loss during system transitions.
Streamlining Small Denials
We tackle low dollar denials with a focus on efficiency, using analytics to identify common issues. The gradual introduction of RPA is set to automate certain aspects of the follow-up process, enhancing overall productivity.
Our Approach
Our Balanced
Technology Approach
At Health Business Solutions, we blend expert knowledge with technological advancements. While we continue to enhance our capabilities in analytics, RPA, and machine learning, these tools already play a supportive role in our strategies, bringing additional precision and foresight to our denied claims recovery solutions.
The RevRecover approach outlines a comprehensive and customer-centered method. It emphasizes customization, continuous monitoring, data-driven decision-making, transparency, and collaborative success.
RevRecover Service Line Approach
New Client Activation
Initial Engagement and Assessment
Our primary focus when onboarding a new client is to establish a clear understanding of their specific revenue cycle needs and challenges.
Implementation and Integration
The implementation phase integrates our RevRecover solutions with the client's existing systems and workflows.
Training and Support
We empower our client's team through comprehensive training and support. This ensures the staff are well equipped to work alongside our solutions, maximizing the effectiveness of our partnership.
Performance Reporting and Client Success
Regular Performance Metrics Monitoring
We establish a continuous monitoring regimen of key performance indicators (KPIs) to track the effectiveness of our interventions.
Data-Driven Insights and Adjustments
Utilizing data analytics, we regularly provide insights into the revenue cycle's performance. This data-driven approach allows us to make informed adjustments and improvements, ensuring that our solutions are always aligned with the client's evolving needs.
Transparent and Comprehensive Reporting
Transparency is key in our reporting. We provide comprehensive reports showcase the results and impact of our interventions and also offer a clear view of areas for potential improvement.
