The A/R manager finally has the staffing needed to effectively handle the increased volume of accounts, without adding staff! Our Virtual Business Office solutions have been instrumental in reducing receivables, increasing cash flow and maintaining these reduced levels of receivables over time. HFRI can retrieve accounts assigned to us daily, either through electronic file retrieval or online terminal emulation. For every hospital system, this electronic feed can occur without I.S. involvement and without piercing your network. Cash Flow Comparison
Virtual business office is the ideal solution to your ever-growing volume of receivables and ever-shrinking staffing levels. The goal of the VBO is to enable hospital A/R management to focus on Government billing and follow-up, while HFRI provides the needed support for non-Government receivables. This combination provides for more efficient processes and improved/enhanced cash flow.
We coined our services "Virtual Business Office" due to the ability of the Receivables Manager to assign accounts to HFRI, similar to how accounts are assigned internally. As well, our electronic process, utilizing Terminal and Keystroke emulation technology, reduces reliance on Hospital Information Systems and provides HFRI with all detailed account information, including carrier detail, transaction history, clinical data and hospital billing and follow-up notes. How does it work? - Call toll free: 866-437-4374, or Email to marketing@hfri.net. Our contingency and management fee structures, regardless of utilization, are far below the industry average for similar services. Combining above average performance levels with below average fees adds to the benefits of engaging HFRI.
