July 8, 2010
Apollo Health Street Announces New Partnership with Hartford
Conshohocken, Penn. – Apollo Health Street, a developer of world-class solutions that tackle healthcare’s toughest financial challenges, announced today a new agreement with Hartford Healthcare Corporation in Harford, Connecticut to perform a third party insurance follow-up project in conjunction with a zero balance recovery audit.
“Apollo will partner with the hospital to ensure every opportunity for reimbursement is identified and recovered while providing quick net returns for Hartford,” says Bill Colgan, executive vice president for hospital services at Apollo Health Street. ”We are confident the hospital will see an increase in small balance collections and decrease in accounts referred to bad debt.”
Apollo will also review the payer reimbursement methodologies. This effort will significantly diminish the number of underpayments in the future.
Because of the complex reimbursement scenarios and ever-changing healthcare relationships, Apollo will provide reports on a monthly basis to the facility, outlining problem payers as well as the type of underpayment issues identified.
Apollo will utilize customized and proprietary software developed by Apollo’s healthcare and IT experts to help recover revenue that has not yet been received by the health system.
“We look forward to Apollo providing us with a short implementation and quick results through their small balance and zero balance recovery solutions,” said Bill O’Brien, director of patient financial services for Hartford Healthcare Corporation. “This program will help us maintain the solid bottom line that enables us to continue to provide the excellent care our patients have come to expect.”
About Hartford Healthcare Corporation
Hartford Healthcare ("HHC") aspires to be the next generation of integrated health systems, marked by strong patient focus, heightened efficiency, consistent quality performance and open, collaborative sharing of best practices. It is dedicated to providing patients with an exceptional, coordinated care experience and a single, high standard of service. A hallmark of HHC’s vision is to strengthen access to care close to home for patients by enhancing local healthcare delivery capabilities. In addition, HHC aims to create a culture and organizational structure where clinical care, education and research are supported to bring the latest technology and discoveries, clinical excellence and innovation to the patient and community.
HHC’s members include a tertiary-care teaching hospital and two community hospitals. Other HHC member providers include three regional behavior health centers, a statewide clinical laboratory operation, a large multispecialty physician practice group, a regional home care system and a physical therapy and rehabilitation network with offices throughout central Connecticut. For more information, visit www.hartfordhealthcarecorp.org
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