News Archive
April 7, 2010
Apollo Health Street Announces New Partnership with Valley Regional Hospital in New Hampshire
Conshohocken, Penn. – Apollo Health Street, a developer of world-class solutions that
tackle healthcare’s toughest financial and IT challenges, announced today a new one-year agreement with Valley Regional Hospital in Claremont, N.H. to perform a review
and recovery of the hospital’s zero balance accounts.
During this process, Apollo experts will review the hospital’s accounts with a zero
balance after primary insurance has been collected to determine if Valley Regional is
receiving accurate payments from their insurers based on their payer agreements.
Once underpayments are identified, Apollo will provide feedback information to the
hospital, which will dramatically improve their managed care payer processes and
diminish the number of ongoing managed care underpayments in the future.
Because of the complex reimbursement scenarios and ever-changing healthcare
organizations, Apollo will provide reports on a monthly basis to the facility, outlining
problem payers as well as the type of underpayment issues identified.
In conjunction with manual processes, Apollo will utilize customized and proprietary
software developed by Apollo’s healthcare and IT experts to help recover revenue that
has not yet been received by Valley Regional Hospital.
“We are a small, rural hospital with a large outpatient and community outreach presence
with limited ability to monitor underpayments,” says Steven L. Monette, chief financial
officer for Valley Regional Healthcare. “We are confident that we can begin to close the
gap on possibly missed underpayments by partnering with Apollo.”
“Helping hospitals achieve their financial goals is our mission,” said Bill Colgan,
executive vice president of hospital services for Apollo. “That is why we are eager to
help Valley Regional recover some of the toughest dollars out of a provider’s revenue
cycle.”
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