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We ALWAYS find more. In our experience 1% of contractually due revenue will go unpaid, which could be a million dollar mistake. STAT Revenue works to identify and efficiently recover those underpayments. In today’s economic climate, can you afford not to collect every dollar you’re entitled to?

Even when working behind robust contract management systems, strong front-line PFS, or other third-party vendors, we ALWAYS find more. STAT Revenue’s review not only recovers significant underpayments but can also provide insight into how to improve your existing controls. Advanced proration systems have intrinsic weaknesses that we can address to help secure future revenue.

We ALWAYS find more. Our competitors rely on software on top of software to identify underpayments. STAT Revenue’s in-depth underpayment analysis addresses contractual ambiguities, coding errors, and recurring underpayment trends that automated systems are prone to miss. Plus, unlike most of our competitors, we focus on reducing your underpayments year after year.

We work remotely and independent of your current team. Only after your team finishes working with accounts will STAT Revenue begin to analyze them. We do not disrupt your staff’s current workflow. From identification to appeal and collection of insurance underpayments, we independently work to bring revenue directly to your hospital’s bottom line without strain on your resources.

STAT Revenue has experience helping hospitals recover and reduce underpayments from various approaches, including:

  • Mapping implantable devices to the correct revenue code
  • Training your staff to collect the proper contractual coordination of benefits reimbursement
  • Receiving the correct multiple APG reimbursement
  • Verifying your new contracted rates have in your proration module are correct

Our in-depth analysis means we can help your facility from various approaches for both government and commercial payers.  Read our case studies for further details on how we’ve helped our clients, and how we can help you too!

STAT Revenue has no upfront fees. We work on a full contingency basis so we only get paid if you do.

We ALWAYS find more. Plus, unlike most of our competitors, we focus on reducing your underpayments year after year, not just gaining from them.

Typically we analyze the past 2 years for payment accuracy.

  1. A download of the past 2 years of data.
  2. Access to payer contracts.
  3. Remote access to hospital systems.

Yes, we follow all guidelines and regulations.

Generally 60 to 90 Days. Completion of our analysis is dependent on a hospital’s volume, contract complexity and current systems. An average review may take from 1000 to 1500 man hours to complete.

We want to help you avoid a million dollar mistake. Underpayment Revenue can be lost permanently because of timeliness. We understand it takes time to create these types of relationships, just be aware that “timeliness” does not stand still.

Many hospitals work this way and we are happy to oblige. Who should we contact to get the RFP started?

Why do you need STAT Revenue’s Underpayment Analysis?

We ALWAYS find more. In our experience 1% of contractually due revenue will go unpaid, which could be a million dollar mistake. STAT Revenue works to identify and efficiently recover those underpayments. In today’s economic climate, can you afford not to collect every dollar you’re entitled to?

We have strong controls. Why do we need STAT Revenue?

Even when working behind robust contract management systems, strong front-line PFS, or other third-party vendors, we ALWAYS find more. STAT Revenue’s review not only recovers significant underpayments but can also provide insight into how to improve your existing controls. Advanced proration systems have intrinsic weaknesses that we can address to help secure future revenue.

How is STAT Revenue‘s approach different from that of its competitors?

We ALWAYS find more. Our competitors rely on software on top of software to identify underpayments. STAT Revenue’s in-depth underpayment analysis addresses contractual ambiguities, coding errors, and recurring underpayment trends that automated systems are prone to miss. Plus, unlike most of our competitors, we focus on reducing your underpayments year after year.

How will you impact our current processes?

We work remotely and independent of your current team. Only after your team finishes working with accounts will STAT Revenue begin to analyze them. We do not disrupt your staff’s current workflow. From identification to appeal and collection of insurance underpayments, we independently work to bring revenue directly to your hospital’s bottom line without strain on your resources.

What kinds of issues can STAT Revenue help our hospital with?

STAT Revenue has experience helping hospitals recover and reduce underpayments from various approaches, including:

  • Mapping implantable devices to the correct revenue code
  • Training your staff to collect the proper contractual coordination of benefits reimbursement
  • Receiving the correct multiple APG reimbursement
  • Verifying your new contracted rates in your proration module are correct

Our in-depth analysis means we can help your facility from various approaches for both government and commercial payers.  Read our case studies for further details on how we’ve helped our clients, and how we can help you too!

What do you mean risk-free?

STAT Revenue has no upfront fees. We work on a full contingency basis so we only get paid if you do.

We already have a third-party vendor. Why hire STAT Revenue?

We ALWAYS find more. Plus, unlike most of our competitors, we focus on reducing your underpayments year after year, not just gaining from them.

How far back does STAT Revenue look at hospital records?

Typically we analyze the past 2 years for payment accuracy.

What does STAT Revenue need from us to get started?
  1. A download of the past 2 years of data.
  2. Access to payer contracts.
  3. Remote access to hospital systems.
Are STAT Revenue’s procedures compliant with HIPAA?

Yes, we follow all guidelines and regulations.

How long does it take to see results from STAT Revenue?

Generally 60 to 90 Days. Completion of our analysis is dependent on a hospital’s volume, contract complexity and current systems. An average review may take from 1000 to 1500 man hours to complete.

Our decision makers will not be meeting again until next quarter. What’s the harm in waiting?

We want to help you avoid a million dollar mistake. Underpayment Revenue can be lost permanently because of timeliness. We understand it takes time to create these types of relationships, but be aware that “timeliness” does not stand still.

We have an RFP process. Is STAT Revenue willing to work through that process?

Many hospitals work this way and we are happy to oblige. Who should we contact to get the RFP started?