Infinx Healthcare Offers Special Contingency Pricing on Its AR Optimization Solution

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Infinx Healthcare Offers Special Contingency Pricing on Its AR Optimization Solution

Radiology Groups, Imaging Centers can generate revenue during COVID-19 crisis; no upfront fees required helps support the imaging industry in time of need.

PR Newswire

SAN JOSE, Calif., March 26, 2020 /PRNewswire/ -- Infinx Healthcare announced today it is offering its Infinx AR Optimization Solution (AROS) with no upfront fees to support radiology and imaging centers impacted by the COVID-19 pandemic. The Center for Disease Control (CDC) has requested that non-essential imaging procedures be rescheduled until further notice, creating a revenue crisis for radiology groups and imaging centers across the country.

Infinx AROS provides radiology groups with the power to analyze, predict and realize maximum revenue from their outstanding aging payer accounts receivables (AR). The new artificial intelligence solution uses advanced machine learning capabilities to turn data into actionable insights that optimizes AR recovery and significantly decreases costly write-offs.

A recent pilot of the Infinx AROS with a large radiology group demonstrated significant results, including*:

  • A 26.1% increase in denial collections
  • A 60% reduction of >120 days aged AR in 6 months
  • An improvement of 12% in first-pass payments
  • A 60% reduction in cost to collect

"The guidance provided by the CDC is sound protection for all healthcare providers, but also severely impacts the ability of radiology groups to maintain their revenue cycle," said Navaneeth Nair, Infinx's Vice President of Products. "We're offering special contingency pricing to support this important segment during this time of need. With AROS, groups can quickly and easily generate additional revenue from their aging AR without adding staff or increasing administrative costs."

Infinx AROS provides real-time analytics, predictive recovery insights, and performs prioritization of the outstanding charges, that significantly improve recovery over manual efforts. The scalable infrastructure of Infinx AROS acts as an extension of your AR team, reducing costs and improving collections.

"Our Infinx AROS seamlessly integrates with existing billing systems that manage AR follow-up activities," said Nair. "By providing these advanced tools to speed up their AR recovery efforts, we hope the revenue generated will help bridge some of the gaps they are experiencing during this unprecedented time."  

For more information about Infinx AROS special contingency pricing during this COVID-19 pandemic, click here.

*Based on a case study of a radiology group with an average billing of $71M per month and $25.7M average collections per month.

About Infinx Healthcare

Infinx provides innovative and scalable prior authorization and revenue cycle management technology solutions for healthcare providers, hospitals, imaging centers, cardiology and orthopedic practices, and laboratories. Infinx helps clients preserve and capture more revenue, enabling them to shift focus from burdensome administrative details to improving patient care and experience. For more information, visit www.infinx.com.

Media Contact: Lora Pada | 408-430-7469 | lora.pada@infinx.com

Related Images

infinx-healthcare-offers-special.jpg
Infinx Healthcare Offers Special Contingency Pricing on Its AR Optimization Solution

Related Links

AR Optimization | Infinx Healthcare

Our Commitment During COVID 19 | Infinx Healthcare

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/infinx-healthcare-offers-special-contingency-pricing-on-its-ar-optimization-solution-301030662.html

SOURCE Infinx Healthcare

Copyright CNW Group 2020

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).