Preserving Profitability

Outsourcing is today an accepted management tool used to drive efficiencies and economies. As more Corporations seek to outsource non-core yet mission critical activities, it is imperative to find a partner that will help the outsourcing process with a great degree of reliability and expertise. MediGain takes our partners back office into our front office allowing them to focus on their core competency . . . patient care.

For example, uncollected medical debt has grown by 139% over the last decade and exceeded $27B each year (AHA) with approximately 6%+ of hospital accounts not collected on each year. Providers are working harder, receiving less compensation and incurring additional overhead costs to handle the extra layers and requirements of new plans and legislation. Healthcare providers are facing increased financial crisis due to:

• Escalating medical service costs
• Lower and increasingly delayed payments from insurers and Federal health insurance organizations
• High percentages of write offs
• Increasing regulatory paperwork burdens
• Millions of Americans have no coverage
• Declining Margins
• Increase in A/R days
• Increase in claims audits

Acutely aware of these pain points facing healthcare providers, MediGain focuses on preserving profitability and our unique delivery model allows us to provide our partners the following benefits:

• Preservation of Profits that have already been earned but not collected.
• Reduced A/R days
• Maximized cash flow
• Lowered collection/billing costs
• More resources to manage denials and follow-up more efficiently
• Reduced bad-debt write-offs
• Third party contractual compliance
• Granular tracking call management and better understand your operations
• Increase Profits

MediGain aims to help Healthcare providers preserve the profits they have already generated. Our model provides our partners approximately cost 40% savings versus working with US companies, while providing more resources and a highly skilled and educated workforce to improve efficiencies and returns versus domestic operations.

For example, using a typical US provider costs and recovery rates, a facility that does $1M in billing per month might save $70,000, $840,000 in profit preservation each year, and could then expect increased profit preservation as the additional resources and focus deliver operational efficiencies and improvements.
This sole focus allows our partners to preserve their profitability and focus on patient care.

This sole focus allows our partners to preserve their profitability and focus on patient care.