When creating a collection policy, your goal is to create a published document that outlines the company’s collection procedures. It will include a variety of topics from setting up a patient record to processing a payment. Keep in mind, the purpose of the policy is to help establish the collection culture of your organization and define who will complete which tasks throughout the process.
To begin, pull out your current documents. These notes will help you outline what is commonly known as your “workflow.” Your workflow will detail what happens when you receive an order and follows a patient’s journey until their bill is paid. Our patient invoice flow chart will give you some ideas on what to include.
Continue reading Collection Policy, Part 2: Where do I start when creating a Collection Policy?
Allegiance Group expands its IT team with the hiring of Robert McCabe as chief information officer. McCabe works closely with IT and account managers throughout the company’s footprint. He will develop and maintain the strategic product roadmap for the company’s products.
With more than 20 years of experience in Client Services for DST Systems, Inc. McCabe held multiple titles including Programmer, Staff Analyst, Project Leader, and Systems Manager prior to holding position as Client Services Director. Robert’s hiring deepens Allegiance Group’s technology capabilities in all categories including client service management, client onboarding and software partner collaboration.
“We’re very excited to welcome Robert to the Allegiance Group team,” said Anne Orrick, co-chief executive officer. “With his strong background and experience in managing large client relationships, he will help guide us to the next level. Through his work with clients to identify, evaluate and prioritize system enhancements, he can help us quickly and efficiently integrated with our software partners.”
McCabe earned his bachelor’s degree from the Embry-Riddle Aeronautical University.
Allegiance Group Achieves HITRUST CSF Certification to Manage Risk, Improve Security Posture and Meet Compliance Requirements
HITRUST CSF Certification validates Allegiance Group is committed to meeting key regulations and protecting sensitive information.
HITRUST CSF Certified status demonstrates that the organization’s COLLECTPlus application has met key regulations and industry-defined requirements and is appropriately managing risk. This achievement places Allegiance Group in an elite group of organizations worldwide that have earned this certification. By including federal and state regulations, standards and frameworks, and incorporating a risk-based approach, the HITRUST CSF helps organizations address these challenges through a comprehensive and flexible framework of prescriptive and scalable security controls.
“Organizations, like ours, are under great pressure to meet complex compliance requirements that include technical and process elements such as HIPAA, NIST, ISO and COBIT,” said Anne Orrick, COO, Allegiance Group. “HITRUST CSF is the gold-standard that needs to be met. Allegiance Group is pleased to be able to demonstrate its commitment by achieving HITRUST CSF Certification.”
“The HITRUST CSF has become the information protection framework for the health care industry. The CSF Assurance program is bringing a new level of effectiveness and efficiency to third-party assurance,” said Ken Vander Wal, Chief Compliance Officer, HITRUST. “The HITRUST CSF Certification is now the benchmark that organizations required to safeguard PHI are measured against with regards to information protection.”
BBMK Technologies, the company that’s changing the home healthcare industry with its latest cloud-based solution NikoHealth, announces that it has entered into an agreement with Allegiance Group, a firm specializing in strategies to improve private pay collections in the home care and durable medical equipment markets, as an integrated solution provider (ISP). Through this business relationship, NikoHealth will offer the users of its homecare software solutions access to COLLECTPlusTM, a billing service product offering offered by Allegiance Group. COLLECTPlus will provide NikoHealth customers access to proprietary private pay billing collections solutions. It will enable its users to achieve better financial results.
“This relationship will complement the services offered by NikoHealth in the HME/DME market,” said Michael Kutsak, NikoHealth’s Chief Executive Officer. “We are really excited about the new integration of these products. They will provide our customers additional tools to further improve their financial position,” added Kutsak.
“By integrating COLLECTPlus and NikoHealth’s innovative patient management solutions, both companies agree the collaboration will increase productivity. Our providers can capture more of private pay dollars more efficiently and cost effectively,” said Bruce Gehring. Gehring is SVP, Business Development Manager for Allegiance Group.
About BBMK Technologies
BBMK Technologies is a healthcare technology-focused firm that looks to provide a deep, effective and long-term approach to changing the healthcare industry. Its aim is to create a valuable eco-system of healthcare delivery models built on the backbone of new application development. Its innovations rose from the desire to make life easier for all involved in healthcare including patients and healthcare organizations.
(as published in HME News)
Are you struggling trying to collect your private pay balances?
If so, you are not alone. Outstanding private pay balances can create
problems for business small and large. Your staff gets too busy to
mail statements or make collection calls. And in the back of your
mind you know the longer a balance goes unpaid, the harder it will be
to collect. Where can you turn for help?
Read the full article on page 7 in HME News