A Financial Clearing-House for the Health Industry
Staff Reporters
SearchAmerica is a provider of healthcare solutions and personalized services to optimize the medical care revenue cycle. First incorporated in 1994, and privately held in Maple Grove MN, it has maintained an exclusive healthcare focus since 2001
A Payment Financial Clearinghouse
According to its website, www.SearchAmerica.com is a leading pioneer in financially clearing patients through address verification, prediction of payment and automated screening for charity, Medicaid and other government programs with Software-as-a-Service (SaaS) solutions and personalized services.
Trusted by 1,000 Hospitals?
Furthermore, the company says that it provides a complete range of real-time, integrated solutions and services that have helped more than 1,000 hospitals improve their revenue cycles. SearchAmerica’s quality and accuracy is described as best-in-class and healthcare providers benefit from smarter data which produces a healthier bottom line.
Services Provided:
SearchAmerica accesses all three credit bureaus and other leading data sources, to help it improve financial clearing through:
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Bad debt reclassification
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Prediction of payment
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Customized reporting – forecasting (including IRS Form 990 Schedule H)
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Automated charity and Medicaid screening/enrollment
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Accurate, complete patient demographics, and
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Workflow application.
Assessment
To ensure that every SearchAmerica industry customer achieves its short and long term goals of improved financial clearing, the company employs experienced revenue cycle strategists, technologists, and other support professionals. These individuals work alongside every customer from implementation to rollout to continued long-term success.
And now, for a less flattering look from the patient perspective; please see BusinessWeek, December 1, 2008, page 081.
Conclusion
And so, your thoughts and comments on this Executive-Post are appreciated. Is this a new term for bad-debt collector or fancy collections agency? Please opine.
Related Information Sources:
Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759
Physician Financial Planning: http://www.jbpub.com/catalog/0763745790
Medical Risk Management: http://www.jbpub.com/catalog/9780763733421
Healthcare Organizations: www.HealthcareFinancials.com
Health Administration Terms: www.HealthDictionarySeries.com
Physician Advisors: www.CertifiedMedicalPlanner.com
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com or Bio: www.stpub.com/pubs/authors/MARCINKO.htm
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Filed under: Healthcare Finance, Practice Management | Tagged: debt collectors, Search America
More on SearchAmerica,
According to the Wall Street Journal, December 10, 2008, credit-reporting bureau Experian PLC agreed to acquire SearchAmerica Inc., a closely held company in the business of mining patients’ financial data to help hospitals determine how likely patients are to pay their medical bills.
With the $90 million purchase, Experian is getting heavily involved in health care at a time when hospitals are struggling to collect from both the uninsured and underinsured, while Equifax Inc. and TransUnion LLC, credit-reporting bureaus based in the U.S., also offer services that help hospitals get a sense of patients’ incomes and payment likelihood.
-Jackie