Help Your Finance Staff Collect More Revenue
Every day, health care organizations of all sizes misclassify insured patients as self-pay, patients with multiple policies are misclassified as under-insured, and uninsured patients become eligible for retroactive coverage long after you’ve treated them.
Checking every encounter for missed coverage and monitoring for retroactive coverage is both cost-prohibitive and nearly impossible for staff to do manually. As a result, millions of dollars are left on the table each year and bottom lines continue to decline.
BOOST insurance discovery gets you accurate up-to-date information on patient coverage so your staff can bring in revenue your organization is entitled to.
On average, 5% of the patients classified as self-pay have active coverage that can be billed while 5% of true self-pay patients become eligible for Retroactive Medicaid long after they leave your facility.
Are you identifying and maximizing every third-party billing opportunity?
Insurance Discovery Made Easy
Using proprietary technology, BOOST identifies primary, secondary, and retroactive coverage by searching major payors for coverage you may have missed.
In a complex world with complex systems and rules, set up with BOOST requires no IT integration or software to install.
BOOST is the easiest solution you will implement. And the easiest tool your staff will use.
How Norton Sound Health recovered over $2M in unclaimed revenue
“Without Databound’s solution, we would miss a lot of money and spend countless hours manually cross-checking patient benefits with insurance providers. The additional funds we collected will significantly help with our key initiative to fund our Sobering and Wellness Center, which is a vitally important project to help people free themselves of addiction and substance abuse.”
– John Wyman, Team Lead for Patient Financial Services
Norton Sound Health Corporation (NSHC)
Simplify Retroactive Monitoring
Tracking all self-pay encounters for retroactive reimbursement costs time and money hospitals and medical facilities can’t afford. As a result, missing out on retroactive billing opportunities for Medicaid is due to timely filing.
BOOST alerts your staff when an encounter becomes eligible for retroactive reimbursement so you never miss a retro-billing opportunity again!
Your Risk-Free Solution
Many budgets are tight and investing in new solutions can come with risk.
To eliminate risk, BOOST offers a 100% contingency-based model with no long-term commitment or up-front fees.
What that means is you could get started today at no cost to you. You only pay a percentage of the revenue generated – guaranteeing a healthy return on your investment.
BOOST Goes Beyond
Keeps you in control by searching for missed coverage before the patient presents, after they’ve been treated, or as a function of AR. You supply the encounters you want to search and BOOST returns results.
Most discovery solutions identify missed coverage using clearinghouses or third-party databases. BOOST goes directly into the payer site – getting you the most accurate and up-to-date information available.
Unlimited access to your cloud-based BOOST dashboard so you can always see your return on investment.
100% Contingency Based • No Integration • No Software Installation
*Automated insurance posting is available for some systems, reducing the manual effort required to bill payors.
Take the next steps
Experience the value of BOOST for your organization. To learn more about BOOST please submit the form below.