Three tips to save health care firms big bucks
Health care providers don�t anticipate the reimbursement rates they get from insurance companies or the federal government to take a giant leap any time soon. So they�re looking to collect every dollar they�re entitled to under current contracts. And Bob Stevens, CEO of Crescent Springs-based Bottom Line Systems, is helping them. His company looks for cases where providers have been underpaid. Bottom Line Systems collected more than $70 million in additional reimbursement for clients over the last year. The 14-year-old company has 200 employees and serves clients, including hospitals, physician practices and infusion companies, in 20 states. It�s recently been growing revenue by 10 percent to 20 percent per year. Stevens, who also is a partner in the Crestview Hills-based law firm Dressman Benzinger LaVelle, offers several tips for providers seeking to maximize their revenue in the new year: � Review contracts carefully. Nearly every dollar that passes through a hospital is covered by ...