RUMC contracted with HBCS in 2015, directing the agency to collect small individual accounts owing $5,000 or less as well as legacy accounts aged several years. Altogether, HCBS took on about 76,000 accounts.
Under terms of the renewed contract, HCBS will take on roughly 85,000 accounts for the hospital.
More articles on revenue cycle management issues:
CarePoint sues Horizon for $76M in unpaid, underpaid medical bills
Valley Baptist Medical Center taps MDsave for price transparency services
Does bad press for prices get hospitals to lower rates?
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.