The uncertainties with healthcare reform are continuing. Unrelated to the ACA, certain government mandates continue to add substantial levels of complexity to provider medical records, billing and revenue collection processes. As a result the timely funding of operating expenses becomes increasingly problematic.
The increased participation by patients in the cost of their care is yet another factor. The redistribution of revenue from third-party reimbursement to patient accounts receivable will likely result in an increase to aging and bad debt write-offs.
The impact of increased patient financial responsibility is placing an even greater dependence on the timely receipt of 3rd party receivables that are necessary to sustain business operations.
PFS has brought medical accounts receivable from the least understood to the most understood asset-based lending collateral.