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About This Document: Today, most hospital business offices rely on third-party vendors such as collection agencies extended business-office partners and eligibility firms, to augment their internal collection efforts. Based on findings from inventory-reconciliation initiatives at multiple providers around the US, between 5% and 34% of inventory held at vendors had reconciliation issues with the providers' records, according to Steven Levin, CEO of Connance, a provider of back-office, self-pay collection and scoring solutions. For each account, countless financial events, such as payments, adjustments and reversals, occur every day both in the hospital business office and in vendor operations.

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Categories: DocStore > Periodicals > Medicine
Tags: Health Management Technology, Mar 2010, What's hiding in your vendor inventor..., Anonymous, News, Hospital management companies, Polls & surveys, Guidelines, 9150, Guidelines, 8320, Health care industry, 9190, United States, United States--US

What's hiding in your vendor inventories?

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What's hiding in your vendor inventories?

Anonymous

Health Management Technology; Mar 2010; 31, 3; Docstoc

pg. 6

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