CollectionPro's No-Risk Model Transforms Out-of-Network Healthcare Revenue Recovery
TL;DR
CollectionPro Services LLC offers healthcare providers a competitive edge with a 92% success rate in arbitration and a flat 10% contingency model, ensuring no financial risk.
CollectionPro employs a legal-first approach with in-house attorneys to navigate the No Surprises Act, covering all administrative and arbitration fees upfront for providers.
By recovering millions in lost revenue for healthcare providers, CollectionPro contributes to a fairer healthcare system and supports the financial health of medical practices.
Discover how CollectionPro revives denied OON claims under NSA guidelines, turning overlooked opportunities into recovered revenue for healthcare providers across specialties.
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Healthcare providers facing shrinking reimbursements and increasing payer resistance are turning to innovative solutions to protect their revenues, with CollectionPro Services LLC emerging as a key player in the Out-of-Network collections domain. The company offers a unique combination of legal expertise and a no-risk financial model to providers across the United States, operating from its New York headquarters at the prestigious Carnegie Hall Tower. At the core of CollectionPro's approach is its in-house legal team, which boasts a 92% success rate in over 10,000 arbitration cases, providing valuable support in navigating the complexities of the No Surprises Act to effectively dispute underpayments and recover long-overdue out-of-network payments.
What distinguishes CollectionPro is its flat 10% contingency model, guaranteeing that providers incur no costs unless a recovery is made. This performance-based structure applies uniformly across all specialties, including traditionally challenging areas such as anesthesia and emergency care. Additionally, CollectionPro eliminates the financial burden of administrative and arbitration fees, which can range from $115 to $1,200 per case, by covering these costs upfront. This approach removes significant barriers to pursuing claims and ensures providers can engage in disputes without any out-of-pocket expenses, making it accessible even for smaller practices.
CollectionPro also excels in reviving claims that have been previously denied or overlooked, leveraging the provisions of the No Surprises Act that allow claims dated January 1, 2022, or later to be eligible for arbitration even after payer rejection. Through strategic case review and legal insight, the company has successfully reclaimed revenues that providers had considered lost, delivering tangible financial benefits. This capability is particularly important as healthcare systems grapple with revenue cycle challenges exacerbated by regulatory changes and payer practices.
The company's commitment to transparency and efficiency is demonstrated through its real-time reporting dashboards and HIPAA-compliant communications, enabling providers to monitor claim progress and make informed decisions about their revenue cycle strategies. As a result, CollectionPro has become a trusted partner for hospitals, ambulatory surgical centers, and physician groups nationwide, helping them recover millions in owed payments without disrupting their operations. By combining legal expertise with a no-risk financial model, CollectionPro is not just assisting providers in navigating the complexities of out-of-network collections but actively reshaping the landscape of healthcare revenue recovery, ensuring providers can focus on delivering quality care while their financial interests are vigorously defended.
Curated from 24-7 Press Release
