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4613 N. University Drive, #560
Coral Springs, Florida 33067 |
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| Marwan Hanania, former CFO |
Clarian Homecare, Indianapolis, Indiana
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| Working with management, AnCor Healthcare Consulting restructured employee
responsibilities in the customer service and billing/collection departments, and trained
staff in coverage criteria and documentation requirements. Protocols were developed
and implemented to increase efficiency and provide for better controls. The MestaMed
system control files were modified to produce CMNs and claims correctly, to increase
reporting abilities and to manage inventory assets. These changes resulted in a
substantial reduction of denials on current claims submitted, a 150% increase within
three months in cash receipts on current billing, and a decrease in DSO by 90 days over
a six-month period through increased cash collections. Once the improvements that
AnCor Healthcare Consulting helped us to implement were completed, our HME/IV
company's net profit contribution was greater than many of the larger profit centers of
the hospital.
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