Background
Financial Health Strategies, Inc., was established in 1997 when founder, Hal Stern, recognized a growing need among healthcare providers for better solutions to managing their patient–pay receivables. With more than 25 years of experience, insight and success in accounts receivable management, Mr. Stern created a new business model to help hospitals and other healthcare providers recover more of their self–pay receivables while safeguarding the hospital–patient relationship. The result? Clients with financially healthier bottom lines and improved patient relationships.
Forefront
Since its inception, Financial Health has been leading the industry in maximizing net revenue for our clients without compromising patient relationships. We work as an extension of our clients' business offices, providing the level of service and hands–on approach our clients would provide themselves if they had unlimited time and resources.
Our Revenue Discovery Programs are designed to work directly with each patient to find sources of revenue from self–pay accounts and Medicaid. In our Customized Patient–pay Recovery (CPR) program, we contact patients and work with them to resolve their accounts, in a respectful and patient-centered manner, all in a first–party capacity. That is, our role is transparent to the patient, as we use your name and present ourselves as part of your organization. In our Medicaid Verification & Payment (MVP) program, we are on–site and on–hand to shepherd patients through the paper-burdened Medicaid eligibility process, actually creating a new source of revenue for your hospital.
In both programs, we are able to: (1) increase net revenue, (2) establish a more predictable cash flow, and (3) maintain the quality of patient relationships. All of which leads to a healthier bottom line.
Our success has extended our comprehensive and customized account receivable outsourcing services to hospitals and large physician groups across the country. Our track record is so extraordinary—and client satisfaction so unwavering—that we invite new client prospects to call ANY of our clients as a reference.