Senex Bad Debt Solutions Our success over the years is due to our ability to strike a balance between pricing and compassionate collection practices. Senex understands the intricacies and nuances of patient balances and the importance of maintaining a healthcare provider’s image within its community. As such, when we purchase a portfolio, as we are going through our collection efforts, we strive to maintain and support the healthcare provider’s mission and image.
Senex will partner with a healthcare provider to purchase accounts at different stages of the healthcare provider’s revenue cycle, allowing the healthcare provider a choice of how to accelerate its cash flow. We provide the healthcare provider with cash up front, on a non-recourse basis and these are dollars that can be booked straight to a healthcare provider’s bottom line.
Zero Agency – Senex purchases bad debt receivables at the time of write off – before these bad debt accounts are placed with a collection agency. In addition to accelerating cash flow, immediately selling accounts rather than placing with an agency will free up some of the time the healthcare provider is currently spending to “manage” its collection agencies.
Post Agency – Senex purchases bad debt receivables after the healthcare provider’s collection agency has had an opportunity to work these accounts. Senex purchases only the non-performing accounts; we do not purchase accounts with which the collection agency has had success.
| Want To Learn More Download Literature about Senex, the rise of bad debt and the services we offer. Bad Debt Rising Article Applying HIPAA's Framework to the Sale and Purchase of Healthcare Receivables |
