Transworld Systems

In an effort to help physician practices resolve outstanding insurance claims and unpaid self-pay balances, the Ohio State Medical Association partnered with Transworld Systems, a revenue collection company.  OSMA members have access to Transworld’s GreenFlag Profit Recovery product and will receive special pricing with no transaction minimums.

Transworld’s services include:

Outstanding Insurance Claims

Practices receive swifter, more accurate resolution on insurance claims because GreenFlag reprioritizes claims and moves them from the clerk’s desk into the hands of a supervisor.  This unique service provides a minimum of five touches per claim, getting fast results from insurance carriers.  Practices can expect a reduction of days in AR by 10% to 40% while dramatically reducing internal efforts and costs. 

Unpaid Self-Pay Balances

The GreenFlag System effectively collects on past due statements while ensuring that patients feel comfortable returning for medical care after collection.  Transworld’s third party contact acts as a natural extension of a practice’s internal follow up efforts.

Through the partnership, OSMA members receive:

• Special pricing of $10 or less per claim or balance exclusively through the OSMA
• No transaction minimums
• Guaranteed ROI of 2 to 1
• Submit and manage accounts online and via batch process
• Simple uploads available through many of your practice management softwares

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.  Last year, Transworld collected over one billion dollars for their clients at a cost of less than 7%. 

For more information on Transworld please contact Maureen Kraft at (800) 766-6762 or mkraft@osma.org.

To download a Transworld flyer, please click here.