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Bigger Budgets mean
Better Healthcare

Additional Payers, Higher Rates

 

Databound's reCover product is a fully-managed service that searches a list of hospital patient encounters with an outstanding balance or that were written off. We find new or previously unknown eligibility information from private payers, enabling you to bring additional money into the hospital that can be used for improvements to specific areas of healthcare or additional money to fund special project needs. The reCover solution can bring in needed funds to support programs such as dental programs, chronic disease, alcohol cessation, physician shortages, and more.

To learn about our new reCover Test program, click here to read our flyer.

Request our white paper

Learn how American Indian and Native Alaska healthcare facilities are increasing their budgets and spending more on their key healthcare improvements.

How It Works

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Increase Revenue for Healthcare Facilities

Healthcare facilities simply generate a file of patient healthcare encounters for which they need to be reimbursed and specify the third-party payers for reCover to search. The reCover service finds eligibility information from the specified third-party payers and returns that information in a file that is imported by the healthcare facility. This lets you easily update your records and file claims with the payers to receive the reimbursements to which you are entitled. After the information is updated, future charges can be billed correctly the first time using the updated payer information, which helps reduce accounts receivable going forward. 

Actual Results:

Hospital A

  • 4 years
  • 1,650,000 searches
  • Eligibility for 60,000
  • 37,000 payments
  • $32.8 Million Collected

Hospital B

  • 6 Months
  • 60,000 searches
  • Eligibility for 4,000
  • 1,700 Payments
  • $1.1 Million Collected