CareMeridian has been restoring hope to individuals with brain injuries, spinal cord damage, and other catastrophic injuries and medically complex illnesses for more than 25 years. With more than 30 subacute care facilities throughout the western United States, CareMeridian offers and a distinctive service delivery model, CareMeridian definitely had the resources to staff an in-house team to handle their cost reporting and reimbursement functions.
However, last year CareMeridian decided to make a shift that we’re seeing with organizations of all sizes, to outsource their cost reporting to a specialized service provider. They selected Advantage Healthcare Consulting because they valued its history of exceptional performance and its track record of never having a client’s cost report rejected or a payment put on hold. Here is the summary of the other benefits CareMeridian experienced through outsourcing their cost report to Advantage Healthcare Consulting:
1. Fast – The whole reporting process from connecting with Advantage, transferring the information, and completing the necessary forms and signatures took about 1/5th of the time required for even their most efficient report filings.
2. Accurate – Because of its specialized process, CareMeridian found that the level of detail and accuracy achieved by Advantage far exceeded their own team’s ability and improved the timeliness of filing and reimbursement periods.
3. Convenient – From the moment CareMeridian reached out to Advantage, they found that the personal-touch service took the stress off their team, collected the data efficiently, and worked around their team’s busy schedules for a timely completion of all reports.
4. Affordable – CareMeridian’s concern that the cost of outsourcing would make this option unavailable for the company was eased by Advantage’s upfront-cost guarantee that your payment for the service is a known, all-inclusive flat fee fixed in advance and there are never any surprise costs or additional fees.
Most of all, CareMeridian came to agree with so many other healthcare providers, that outsourcing works! While it may not be feasible to outsource many of the functions of an organization, it does make sense to outsource very specialized and difficult tasks such and cost reporting and reimbursement.
If you’d like to get more information on the possibility to outsource your cost reporting or reimbursement functions, get in contact with Advantage Healthcare Consulting or reach out directly to Sandy McCleve at (626) 297-0094.
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