In an effort to help physician practices resolve outstanding insurance claims and self-pay balances, the Ohio State Medical Association (OSMA) partnered with Transworld Systems, a revenue collection company. OSMA members have access to a variety of profit recovery programs, and receive special pricing along with preferred benefits. Current programs and services are listed below:
GreenFlag Accelerator – This unique program is a pre-collection service where all contacts are made in your name. Starting on day 31, a combination of first-party letters and phone calls are used to notify your patients of their balance. A total of five reminders will be made in your name. This program features low flat-fee pricing and a fully automated system. 100 percent of the money collected goes directly to your practice.
GreenFlag Profit Recovery – Another pre-collection option, GreenFlag Profit Recovery starts at day 61 and begins by immediately scrubbing accounts for the following events: Bankruptcy, USPS Address Change and Death. A total of five third party collection demands will be sent from Transworld Systems. Like GreenFlag Accelerator, this program features low flat-fee pricing and a fully automated system. 100 percent of the money collected goes directly to your practice.
Insurance Claim Resolution – This revolutionary program assists in the rapid resolution of delayed or non-responsive insurance claims. A typical medical practice will have 80% of their revenue tied up in insurance claims, which can cause frustration and restrict cash-flow. Transworld’s third-party service moves these claims from a clerk to a supervisor in a fast and efficient process, thereby accelerating payment. A recent Transworld Systems Insurance Claim Resolution client submitted 265 claims to Transworld Systems, totaling $622,000. Within 60 days, Transworld Systems had recovered more than $400,000 at a total cost of only $2,120.
OSMA members receive:
- Exclusive pricing of $10 or less per claim on GreenFlag Accelerator, GreenFlag Profit Recovery and Insurance Claim Resolution
- No transaction minimums
- No contract required
- Guaranteed ROI of 2 to 1
All of Transworld’s programs can be automated with a variety of practice management systems. Contact OSMA to see if your practice management system is already automated with Transworld’s system.
Founded in 1970, Transworld Systems is the nation’s largest fixed-fee collection agency. They serve over 20,000 medical practices in all 50 states.
For more information on Transworld please contact OSMA at (800) 766-6762 or firstname.lastname@example.org.
To download a Transworld flyer, please click here.