Cash Recovery

Cash recovery is spouted all the time by health care finance consultants, but sometimes the meaning of what we do isn't clear.

What Krueger Resource Recovery can do for your organization is threefold.

First, we can bring people in who can take a portion of your old receivables and work them through your computer system, or we can bring them back to our headquarters through a data transfer and handle it there.

Second, we can help you bring in temporary workers through an agency, train them, and lead them so that your facility doesn't have to deal with them in any way, only through our leadership.

Third, we can provide leadership to come in and work with your own people, verifying that they're trained properly and ensuring that your office is up to date on all billing and collection processes.

Through all of these efforts, you will see an increase in the amount of cash coming in each month, as well as a reduction in the accounts receivables balance. We aren't miracle makers; we just understand the diligence it takes in collecting money from insurance companies and other payers. We also have worked hard to establish relationships with many insurance companies, so that when we call they'll take our phone calls. We have seen in some facilities cash jump as much as 50%, although usually we'll range from an average of 15% to 25% in increased cash collections within the first 90 days.

If there are receivables that are truly deemed uncollectible, you will be informed of that so you can make the proper decision as to how or when you wish to adjust them off. No one likes having to get rid of dollars for services performed, but that's the nature of health care unfortunately.

Please contact Krueger Resource Recovery for more information.