Title: A|RxMed Funding is a program that enables banks to work more effectively and profitably with medical facilities in the marketplace. Offering enhanced monitoring and reporting features ArxMed allows banks to purchase health care receivables while
1a secure and profitable way to tap into the
medical market
ARxMed Funding is a program that enables banks
to work more effectively and profitably with
medical facilities in the marketplace. Offering
enhanced monitoring and reporting features ArxMed
allows banks to purchase health care receivables
while creating new sources of revenue.
Increase fee income Generate core
deposits Control risk Multiple cross sell
opportunities Work more effectively and
profitably with medical facilities in your
marketplace
- how does it work?
- Insight Healthcare Financial reviews the medical
facilitys historical collections for the last
twelve months and accurately values both the
current and projected A/R by payor on a per claim
basis. - The bank purchases a medical facilitys accounts
receivable at a discount, giving the facility
immediate cash initially on the backlog of
receivables and as new receivables are generated
on an ongoing basis. - The bank maintains a cash reserve for each
facility and monitors the account, using ARxMed
web based reporting tools sweeping excess
reserves back to the facility once a month. - The bank receives payments through a lockbox as
its method of controlling repayment from various
payors. - ARxMed provides the facility with key management
tools which include daily activity, long term
collections trends and analysis reporting.
getting started For more information about
ARxMed Funding, call 615.373-3813
or mangle_at_insighthealthcare.com