R3 Services

Due to the disparity in fee rates between early out/pre-collect and bad debt collections, there exists a temptation to withhold pre-collect efforts until a higher fee rate is activated in the bad debt phase. By blending both services under one low fee rate, R3 accepts responsibility for quick resolution by being liable for all costs associated with the collection lifespan. We earn by collecting more cash quicker.

Blended Rate Resolution

R3 Value-Add Offerings

Why Early Out?

Early Out services streamline the healthcare revenue cycle by accelerating patient account resolution, enhancing cash flow, and improving patient satisfaction. By engaging patients early in the billing process, healthcare providers can reduce outstanding receivables, minimize bad debt, and ensure a smoother financial experience for both the organization and its patients. This proactive approach not only optimizes revenue recovery but also fosters positive patient-provider relationships through clear communication and timely support.

Time Savings

Healthcare provider staff members often invest considerable time managing self-pay accounts, including handling patient inquiries, processing payments, and managing collections. While vital to the success of your organization, it is quite often an ineffective use of FTE resources when viewed in context of the entire a/r portfolio.

Improved Efficiency

R3 Dynamics features advanced technology and streamlined processes to enhance the efficiency of self-pay collections. All technology and tools are used to help our staff, not replace them. This results in expedited resolution of accounts and improved cash flow for the healthcare provider. Additionally, patients benefit from clearer billing communications and more accessible payment options, contributing to a more positive experience.

Laser-Focused Teams

R3 Dynamics recruits and employs a blend of seasoned patient account and revenue cycle veterans with young, energetic and patient professionals. The result is a thoughtful, caring staff dedicated to increasing cash collections while maintaining a very high level of patient satisfaction.

Internal Focus on Higher-Value Activities

Outsourcing self-pay accounts allows your staff to refocus their efforts and resources on managing higher-value financial classes of accounts, such as commercial insurance claims or government reimbursements. This strategic realignment helps optimize revenue streams and ensures that staff efforts are aligned with the most profitable areas of your financial operations.

In summary, R3 Dynamics' Early Out services enable you to streamline revenue cycle management by efficiently managing self-pay accounts while you reallocate staff resources to more profitable financial classes of accounts. This can lead to enhanced financial performance, improved patient satisfaction, and greater operational efficiency.

Conclusion