Mid-sized hospitals can increase revenue recovery by $500,000 over a three-year period
Identifying insured patients who are also Medicaid eligible can increase hospitals’ revenue recovery from Medicare bad debt by as much as 10% a year. This could mean more than half a million dollars in recovered revenue tied to both Medicare Bad Debt and Medicaid Secondary over a three-year period for the average mid-sized hospital, according to a new TransUnion Healthcare analysis.
TransUnion Healthcare released the report at the HIMSS19 Global Conference & Exhibition. The analysis included more than 50,000 cost reports over a 10-year period from more than 100 mid-sized hospitals, which represent those institutions with 250 to 350 beds.
The analysis confirms what previous TransUnion Healthcare findings showed, which is between one to five percent of self-pay accounts written off as bad debt actually have billable insurance coverage. This includes already insured patients as well.