Over 20 facilities have closed in the past year alone, leaving a healthcare deficient for communities.
Now more than ever, rural hospitals need to be vigilant with every aspect of their business, especially with revenue cycle management.
Even before the pandemic, rural hospitals faced significant financial uncertainty. Relative to urban areas, the roughly 61 million Americans who live in rural areas have a higher rate of poverty, unemployment and are more likely to be uninsured.
Due to longstanding health inequities, rural America tends to have a higher rate of smokers, people who are obese, and people with high blood pressure. The overall rate of drug overdoses in rural areas surpassed metropolitan areas over the last two decades.
Hospitals struggle to find the right Revenue Cycle support. Finding a RCM partner who understands rural hospital challenges should be paramount in your decision making process. The experienced professionals at On-Point have the precise team to help you achieve success with your RCM.
Offering scalable solutions for your specific needs, the owner operated group offers over seventy five years’ experience in revenue cycle management by providing more. More than just promises, On-Point provides tangible solutions by redefining the cycle.
Staffing issues? If feasible and warranted, we can hire qualified RCM staff from your hospital. This provides consistency and needed employment for your team. Recruitment is no longer an issue with On-Point. Our staff fills any voids you may have from not being able to hire or keep employees.
More than 180 rural hospitals have closed since 2005. Closures were already occurring at an accelerated rate over the last decade, and now 21 have shut down since the start of the pandemic. They won’t be the last. Close to half of rural hospitals in the United States are now operating in the “red” or at a loss. Another 453 rural facilities were identified as “vulnerable” to closure.
Are you Vulnerable to Closure? On-Point’s trusted executives are experienced in rural hospitals in receivership. We can help you manage and execute run-outs, collections, and coordinate reporting to banks and or other financing companies/bankruptcy trustees.
We understand your unique set of requirements. We customize our offerings. All our services are Flexible and Scalable. From small rural hospitals and physician practices, to larger healthcare organizations, we manage all your RCM needs.
On-Point personalizes your service and knowledgeable owner operators answer your calls. Our clients know that when they call us, they speak directly with our experienced RCM and accounting team. Our dedicated owners pride themselves on providing hands on service. You won’t get a robot answering on the other end of the line; you will get a live responsible solution provider. 100% of all of our services are provided by qualified human professionals in the USA.
We can work with your existing RCM Software making it a smoother transition process. Working within your existing parameters is not an issue. Our extensive list of Software and Systems we work helps to ensure maximizing your collection and aging AR efforts.
At On-Point, we’ve been servicing accounts for over seventy-five collective years. Let us show you, your patients, and staff how reliable and efficient teams can work for you. We specialize in evaluation of:
- Surgery Centers
- Radiation oncology practices
- Urgent Care
- Financially Distressed, or
- other medical facilities or providers.