Find Retroactive Medicaid Coverage in Your Uncompensated Care—New Revenue Through RetroPay™.
A surprising percentage of your self-pay and charity-care patients become eligible for Medicaid long after their initial visit. This is the result of retroactive medicaid coverage available in most states.
Once patients successfully enroll, the retroactive Medicaid coverage they’re eligible for can be applied to cover care provided in the months preceding their enrollment—turning uncompensated care into meaningful revenue for your organization. Using RetroPay, we can ensure that your organization does not miss an opportunity to capture these retroactive medicaid payments and help you maximize your revenue.
As your revenue-cycle partner, Altruis will continually analyze all of your self-pay encounters for the last 365 days to identify when a patient has been qualified to receive retroactive medicaid coverage by Medicaid or an MCO. We then bill the encounters and collect every dollar for this previously uncompensated care.
All payments are then delivered to your organization just like any other insurance reimbursement.
Our RetroPay service is a pay-for-performance service and you owe us nothing until you have been paid by the insurance provider.
RetroPay delivers reimbursement for self-pay claims that are many times written off to bad-debt. We do this without ever going after the patient for payment. In fact, our solution provides a win-win for the patient and provider by eliminating the patient responsibility and delivering increased revenues for the provider.
Contact us today to get a free assessment of your opportunity.
Real-World RetroPay Results:
In the first month of using RetroPay™, an Altruis client received an additional $500,000, increasing their Medicaid reimbursement by more than 2x. Working with Altruis, the client continues to realize $100,000 per month in increased revenue using RetroPay.
Altruis RetroPay™ creates new revenue streams by automating the process that identifies Medicaid coverage and retroactively billing payers, strengthening patient satisfaction while boosting revenue that otherwise would have been written off as bad debt. RetroPay™ requires no set-up or integration fees, and no software installation, making implementation fast, easy, and cost-effective.
- Fast results – see gains in less than 30 days.
- Automated process searches new encounters daily.
- 100% contingency – we only get paid when you get paid.
- Better patient experience and results compared to traditional collection methods.
- Initial investment? One hour of your time.