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Revenue Recovery

Collect on your oldest

Insurance companies don't make money when they pay claims. In fact, they are counting on it.

One third of all insurance claims are denied at first submission. Most insurance companies have a limited window to file claim appeals. Once that time expires, the balance becomes 'bad debt' and the money is lost.

No money, no mission.

Most FQHC billing departments are severely understaffed. The result is more bad-debt and less cash-on-hand. Synergy can collect your oldest insurance balances before they become bad debt. Read more to learn how.

Performance Based Results.

On a contingency basis (no long-term contract), Synergy Billing 'goes to battle' with the insurance companies. 

We start by gathering historic claim data  about each account. Then, we resolve claim errors and denials that are preventing payment.

Each month you’ll receive a dashboard and error report that leads to improvement within your billing department.

Looking To Convert A/R To Cash?

Don't lose another dollar to bad debt. We examine your accounts receivables to identify timely filing limits to prevent bad write-offs, analyze accounts receivable to determine collectability, identify the root cause of outstanding aged receivables, and convert potential bad debt into bottom-line revenue.

Synergy's Key Areas of Focus

Wondering if there is any hope of capturing any of that seemingly lost revenue? Synergy Billing has perfected the art of attacking old A/R and capturing what appeared to be lost revenue. Our A/R specialists have examined hundreds of thousands of old claims and recovered millions of dollars for our clients.

No Fees Without Collections
No Long Contract
No Startup Cost
Aged Receivables
Frequently Asked Questions
How much A/R is too much A/R?
This is a great question! As a generally accepted benchmark, the Healthcare Finance Management Association (HFMA) recommends no more than 20% of your total A/R greater than 90-days from when the service was provided. At Synergy Billing the benchmark is 95% of receivables collected in 60-days or less.
How does Synergy turn bad debt into bottom-line revenue?
Most health centers take an allowance for bad debt each calendar year and distribute this monthly as an allowance for bad debt. Thanks to the power of Synergy we convert previously discarded balances into bottom-line dollars by minimizing bad debt write-offs.
How long does it take to clean up aged receivables?
Most engagements can be completed in 3-months or less. The lessons learned from our efforts can lead to improvements in your health center's financial and operational management.
How do I know if we need Synergy's help?
here are a number of indicators to signal whether you need Synergy. If your staff was dis-placed during or after the global pandemic it is likely that denials accumulated. If you have experienced reduced cash flow and increases in aged receivables you should contact Synergy.
How soon can you begin resolving our aged receivables?
Our team will begin working on your aged receivables as soon as our engagement begins.
How does Synergy Billing rank when it comes to revenue recovery?
The National Average is 71.4%. Synergy Billing's Average is 94.3%
"Our A/R has never been lower, we have more than 1-year cash on hand." -Scott R., CEO
We learn more about you and your health center. What are your challenges and issues?
We present recommendations and a customized solution for your health center.
Our expert team of FQHC billers, trainers, and credentialing specialists begins working for you!
No obligation.
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