In the face of shrinking reimbursements and increasing payer resistance, healthcare providers are seeking innovative solutions to safeguard their revenues. CollectionPro Services LLC has emerged as a beacon of hope, offering a unique blend of legal expertise and a no-risk financial model to tackle out-of-network (OON) collections. This approach not only promises to recover long-overdue payments but also does so without imposing any financial burden on the providers.
At the heart of CollectionPro's success is its in-house legal team, which boasts a 92% success rate in over 10,000 arbitration cases under the No Surprises Act (NSA). This legal prowess is particularly beneficial in complex disputes, providing providers with a significant advantage in securing payments that are rightfully theirs. The company's flat 10% contingency model ensures that providers only pay upon successful recovery, eliminating any upfront costs or hidden fees. This model is applicable across various specialties, including those traditionally deemed challenging such as anesthesia and emergency care.
Moreover, CollectionPro addresses a critical barrier in the arbitration process by covering all administrative and arbitration fees upfront. These fees, which can range from $115 to $1,200 per case, often deter providers from pursuing underpayment disputes. By removing this obstacle, CollectionPro empowers providers to assert their rights without financial hesitation. The company also specializes in reviving claims that have been previously denied, offering a lifeline to revenues once thought lost.
The implications of CollectionPro's services extend beyond individual providers to the broader healthcare industry. By ensuring fair compensation for services rendered, the company is helping to stabilize the financial footing of healthcare providers across the nation. This, in turn, supports the sustainability of healthcare services, ensuring that patients continue to receive the care they need. With its transparent operations, real-time reporting, and HIPAA compliance, CollectionPro is setting a new standard in revenue cycle management, making it an indispensable partner for healthcare providers navigating the complexities of out-of-network collections.
