Join us on Tuesdays and Thursdays at 2PM ET for new ideas, information & expertise to maximize the value of self-pay accounts. From Our Blog: Learn what's really happening to your patient accounts and what hospitals should do about it. Dedicated exclusively to healthcare providers, C&E Acquisition Group provides capital and expertise to maximize the value of our clients' patient accounts.
By doing so, we help our clients fulfill their missions and improve the health of the communities they serve. The pace of change in the healthcare industry is accelerating rapidly. Higher expectations by patients for quality, cost, and transparency reflect our consumer-centric economy. One of the most significant changes impacting healthcare providers is the shift from third-party payers to patient responsibility.
By doing so, we help our clients fulfill their missions and improve the health of the communities they serve. The pace of change in the healthcare industry is accelerating rapidly. Higher expectations by patients for quality, cost, and transparency reflect our consumer-centric economy. One of the most significant changes impacting healthcare providers is the shift from third-party payers to patient responsibility.
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C & E Acquisition Group LLC is based in Bel Air, Maryland. Founded in 2008, our initial focus was on acquiring consumer debt, including credit cards and retail loans. Recognizing the myriad of changes that impact healthcare providers such as narrowed operating margins, increased patient responsibility and expanded privacy and collection regulations, we applied our experience in consumer collections to the healthcare market.
As more patients take responsibility for more of their healthcare costs, hospitals bear the significant financial burden of writing-off costs for those patients who didn't pay their share. It's important to know the Actual Cash Value of your aged self-pay AR so you can objectively consider how to get the best return on these assets.
At C & E Acquisition Group, we adhere to the highest standards of compliance and professionalism in seeking resolution with consumers of their past due accounts. Our approach, while not unique, is genuine and it permeates the entire organization. Our approach is to have empathy for the consumer's situation and we attempt to collaborate with them to attain a mutually beneficial result.
The IRS drafted the final rule with input from the Consumer Financial Protection Bureau. Since REVENUE 365 only includes patient accounts over a year old, such accounts are well beyond the 240 day Financial Assistance Policy (FAP) application period. Prior to acquiring patient accounts less than 241 days old, we will scrub the portfolio of accounts to identify those that are potentially FAP-eligible and remove them from the portfolio.
In today's volatile healthcare market, one constant remains. You need revenue to achieve your goals and meet your commitments to the communities you serve. With fundamental changes underway in the marketplace, your patients are directly responsible for payment of a more significant portion of your revenue than they have been in the past.
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