CBS' goal is to streamline the collection process, improve patient intake procedures, decrease office costs and improve cash flow.
Our programs are designed to:
- Assist with training in-house collectors.
- Help with developing collection procedures that are effective.
- Assist billing departments in determining equitable payment plans.
- Provide good communication regarding patient problems or concerns.
- Help inhouse collectors in locating skips.
Click here to get more information on CBS' Solutions for Hospitals.
Credit Information for Hospitals
As healthcare costs climb and the number of self-pays increase, it's becoming important to provide alternatives to pay-in-full. The ability to provide a fair and equitable payment plans is paramount. Your CBS representative can provide you with the tools to do just that. By obtaining a credit report, your hospital is able to verify a patient's financial situation. Our inhouse credit solutions include:
- Skip Tracing Services for Inhouse Collectors
- Determining Charity Cases
- SSN Search
- Credit Reports
Account Recovery Solutions for Hospitals
Bad debt can be crippling. With today's heightened focus on managing expenses, you need to efficiently find debtors and collect from those most likely to pay. CBS' suite of products helps you prioritize your collection activities, identity charity accounts, locate skips, shorten your revenue cycle, improve recovery rates and reduce write-offs; they include:
- Skip Tracing Services
- Full Collections
- Pre-Collect Services
Check Recovery Solutions for Hospitals
Today credit/debit card discount rates coupled with transaction fees are running 6-8%. While credit card fees go up, the number of dishonored checks decline – currently less than 1% of all checks are returned. To make matters worse, when credit card fraud occurs there is little or no chance of recovering your monies. By encouraging your patients to pay by check rather than credit card, hospitals experience lower costs by eliminating credit/debit fees. And by coupling this with an effective check recovery program, you can be assured of even lower costs. Our CheckMate program includes:
- Bank Authorization for quick reporting/processing of dishonored checks
- Consolidated Check Returns to lower bank fees
- Check Recovery is provided at NO COST to our members
- Electronic Check Clearing Services via ACH
- Second Placement Processing
- Fraud Services
Pre-Employment Screening Solutions
In todays litigious society, it is increasingly important for employers to take all reasonable steps to check employee integrity. Our pre-employment screening is a highly effective way of combating potential employee fraud.
Click here to get more information on CBS' Solutions for Hospitals and how to become a CBS customer! You should receive a response from a sales representative by the next business day.