Passport’s new partner
Posted on July 13, 2009 at 11:42 amPassport Health Communications announced this morning that it has entered into a new strategic partnership with New Paltz, New York-based Bluemark, LLC.
FRANKLIN, Tenn. – The list of revenue cycle management companies partnering with Passport Health Communications, Inc. continues to grow with the addition of Bluemark LLC. The companies have entered a business partnership agreement to help health care providers increase revenue by decreasing bad debt and uncompensated care.
Technology and services from Bluemark and Passport drastically reduce or eliminate the costs associated with health care providers giving care to patients who cannot pay by determining which patients are eligible for state Medicaid programs or qualify for charity care or other assistance. Web-based charity care assessment technology from Bluemark alongside Passport’s eligibility verification and self-pay review provides a complete financial assessment for every patient. Passport’s address verification, credit scoring and credit card processing can also be utilized before the patient is treated to increase patient payments and eliminate potential bad debt.
According to Passport CEO Scott MacKenzie, approximately 10 percent of patients who are treated as self-pay are actually covered by or qualify for Medicaid. A hospital with an average daily volume of 1,000 patients and average claim value of $400 can conceivably capture an additional $14.6 million in annual revenue just by screening self-pay patients and identifying the 10 percent with Medicaid eligibility.
More about Bluemark
