Rapid COVID Funding Program
In response to the needs of healthcare systems across the country, we have developed this RAPID program to provide funding in as little as 48 hours upon receipt of just these data points:
1) Your current self-pay MVA balances (30 month look-back)
2) Your book value for those accounts (historical collection percentage)-to make sure we’re paying you a higher amount
In your time of revenue need, please allow us to pay you a premium on your MVA accounts today.
We Live in a World of Increasing Cost and Declining Reimbursements
Don’t Settle For the same poor performance
unlock immediate revenue
“We expect self-pay to show growth and revenue to remain pressured by rising bad debt as the number of uninsured increases with repeal of the individual mandate and employers continue to move to high deductible health plans.”
Motor Vehicle Accident (“MVA”) accounts are complicated, time consuming; and are the only payor class that requires a 100% manual resolution process. Consequently, resolving these claims internally poses significant challenges.
Red Dot Solution
Red Dot’s solution creates a “win/win/win” solution by significantly reducing “Days in AR” while maintaining the same future value of the self-pay MVA accounts (we just speed up that payment by ~5X); and improves your patients’ experience and relationship with your hospital by avoiding debt collection activity.
“The cause of Operating Margin declines are multiyear reductions in topline operating revenue growth“
Gaps in expected revenue are the ultimate “pain point”
We can provide your facility a significant, and monthly, revenue infusion
Get In Touch
1401 South Virginia Street, ste 225 Reno, Nevada 89502
+1 775 624 5230