April 13, 2011
Apollo Health Street to Provide Small Balance Accounts Receivable Management for Reading Hospital and Medical Center
Conshohocken, Penn. – Apollo Health Street, a developer of world-class solutions that tackle healthcare's toughest financial challenges, announced today a new agreement with The Reading Hospital and Medical Center. The partnership includes the management of all billing and accounts receivable for the hospital's small balance accounts.
The one-year partnership includes placement of an estimated 8,000 outpatient visits per month that are covered by commercial insurance policies – totaling approximately $1.2 million each month in gross hospital revenue. Utilizing technologies proven to streamline the revenue cycle, Apollo will follow all billing issues through the entire cycle.
"Efficiently and accurately managing the billing and collections process is a critical business objective for every hospital to improve their bottom line. Apollo's technology and dedicated healthcare experts allow The Reading Hospital to focus on offering high quality health care to the patients they serve while improving their financial results," said Karen Ferrell, president and CEO for Apollo Health Street.
About The Reading Hospital and Medical Center
Located in West Reading, Penn., The Reading Hospital and Medical Center is a 671-bed, not-for-profit healthcare center providing comprehensive acute care, post-acute rehabilitation, behavioral, and occupational health services to the people of Berks and adjoining counties.
In addition to the 36-acre West Reading campus, the Hospital also has a 112-bed Post- Acute Rehabilitation Hospital in Spring Township, a SurgiCenter in Spring Township, and more than 20 laboratory and imaging centers county-wide.
Designated as a Level II Trauma Center, TRHMC also specializes in cancer, heart, orthopaedic, and women's health services.
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