The Challenge
Hospitals have lost more than $620 billion due to uncompensated care since 2000, and the problem is on the rise. The loss is often due to uninsured or unbilled accounts, as well as eligibility related rejections due to coverage issues. But, did you know that 5-10% of these self-pay accounts that are written off as bad debt actually have billable insurance coverage, and 67% of those denials are recoverable?
Insurance Discovery Solution
Our Insurance Discovery Solution helps healthcare providers by discovering and validating available insurance coverage for patients, eligibility denials, and coverage related to clearinghouse rejections. This means a boost in timely collections and giving your patient’s peace of mind.
We provide end-to-end billing and revenue cycle management services with a team of billing experts that will manage your billing workflow and provide you with additional revenue from discovered coverage – at no risk!
Which Accounts Need Insurance Discovery?
Uninsured/Charity
Case/Undisclosed by Patients
Unbilled/DNFB
(Discharged, Not FInal Billed)
Eligibility Rejections Without Recourse
How It Works
Our Insurance Discovery Solution helps you find previously unidentified coverage, and at no risk!
- Uninsured accounts are uploaded to the Insurance Discovery Solution, and the automated process begins
- Machine learning, deep data mining and probabilistic analytics identify undisclosed coverage
- Patients demographics, insurance profiles, and their benefits are verified to determine if the discovered information is applicable
You won’t see a bill from us until we discover insurance against uncompensated accounts, payer is billed, and revenue is generated.
Infinx is the healthcare company that preserves revenue through the entire payment lifecycle by reducing the friction that exists in your healthcare revenue cycle.
BENEFITS TO YOU
Our Insurance Discovery Solution Fits Anywhere In Your RCM Workflow, And Is Flexible:
Reduce Bad Debt
Reduce bad debt risks for accounts identified as self-pay or charity
Improve Cash Flow
Save both time and cost by reducing backend collection efforts. Get paid timely, improve your cash flow, and aging metrics
Recover Directly From Payers
Recover in full directly from payers for coverages discovered
Increase Patient Satisfaction
Ensure your patients aren’t compromised and their quality of care isn’t diminished due to unpaid medical bills
“Our 60- and 90-day inventory decreased by 38% and 22%, respectively. Those are some eye-opening results.”
VP of Revenue
Hospital in Texas
Our Results
15%
Success Rate
15%
Savings in Collection Efforts
10%
Reduction in Self-pay Write-offs
7%
Additional Insurance Payments
*during quality checks
