ClaimsFusion Uses the Bank Card Components of Transaction and Finance to "Upfront" Funds and Collect the Residual Receivables of the Patients with Insurance Coverage
Healthcare institutions and providers have less than a 50% collection rate for the residual billings of the insured class of patients. ClaimsFusion, LLC combines the utility of billing and collection of the Bank card industry with the needs of the healthcare institutions and providers.
(PRWEB) April 14, 2005
ClaimsFusion, LLC, in conjunction with MasterCard International, expands the ClaimsFusion, LLC (Cardless) Residual Hospital Billing System with six new contracts.
The ClaimsFusion Residual Billing System is the application of mature finance, billing and collection systems to improve the “revenue cycle” of Healthcare institutions. ClaimsFusion, LLC uses the Bank Card components of transaction and finance to “up-front” funds and collect the residual receivables of the patients with insurance coverage.
Why the ClaimsFusion MasterCard Residual Billing System?
The present economical condition of hospitals, combined with the lack of financing options, presents ClaimsFusion, LLC with a unique opportunity to meet the needs of healthcare institutions and providers.
Today, healthcare institutions and providers have less than a 50% collection rate for the residual billings of the insured class of patients as well as absorbing the cost of collecting the receivable. The default rate of the MasterCard Collection System is less than 10%.
ClaimsFusion, LLC combines the utility of billing and collection of the Bank Card Industry with the needs of the healthcare institutions and providers. Guarantees Healthcare institution or provider offers corporate guarantees and optional loss reserve account. The ClaimsFusion Transaction Settlement System continues to make strides in the simplification of the healthcare transaction.
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