SELF-PAY OUTSOURCING

Reduce Days in A/R and Bad Debt Expense while Increasing Cash-Flow with First Party Receivables Solution

Are you burdened with the task of increasing your cash flow and decreasing your days in A/R? Most healthcare organizations are overwhelmed by their self-pay receivables due to limited human and technological resources. First Party Receivables Solution, a division of Professional Finance Company, provides a patient friendly extension to your business office that accelerates cash collection on self-pay accounts at a reduced cost.  Our account representatives work the accounts in the name of the facility through a series of letters and phone calls for either a 90 or 120 day program. The sensitive nature of contacting patients is handled with utmost care in order to protect your patient relationships. Incoming calls are routed to our off-site business office where a customer-sensitive representative requests payment in full. 

A course of action is then determined for each file; if the account is not paid in full or payment arrangements are made in accordance with the facilities financial policy in regards to payment plans then the account is written off as bad-debt and transferred to a collection agency. First Party delivers comprehensive status reports on your accounts; and faxes you information on referrals to third party processes to bill to carriers, write-offs for charity care, indigent, uncollectible bad-debt and VIP accounts. First Party Receivables Solution, partners with your business office to resolve all of your self-pay issues; allowing your  PFS manager to confidently move the accounts forward in the revenue cycle. 

How it Works

Reduce your self-pay costs today by calling 800-864-4391 ext. 321.

• Pre Charge-off Accounts Receivable Program
• Accelerated Cash Collections
• Lower Bad Debt Expense
• Reduced Days in Accounts Receivable
• A Patient Sensitive Environment
• Experienced Patient Account Representatives
• Increased Patient Satisfaction