Clinical Denial Revenue Recovery Firm Listed As One Of Nation’s Top Revenue Cycle Companies
LAKELAND, FL – March 8, 2021 – Advicare, a leading clinical denial revenue recovery firm, announced today that Becker’s Hospital Review named the Florida-based company to its “Healthcare Revenue Cycle Companies To Know” list. Becker’s, which is widely read among hospital and healthcare system executives for its coverage of hospital industry news, vets each company submitted for consideration and selectively updates its list of industry leaders throughout the year.
“Hospitals, health systems, physician practices, and healthcare organizations are experiencing increasingly complex revenue cycles, working with government and private payers as well as patients to collect,” noted the editors for the media outlet. Likewise, Advicare’s executive leadership has seen increased pressure on administrative and clinical staff among its hospital clients. “As a result of greater complexity, more aggressive denial protocols among payers, and administrative teams that have suffered dramatic reductions in headcount, more and more hospitals are struggling to collect on valid claims that have been erroneously denied,” said Stacy Gearhart, JD, LLM, CHPC, a co-founder and principal of Advicare.
“Becker’s Hospital Review is one of the most respected publications in our industry,” added Gloriann Sordo, Esq., one of Advicare’s other co-founders and principals. “We are proud to be in such good company, and to have an opportunity to connect with new potential partners across the country.”
As demonstration of the industry-wide challenge, Advicare recently released a case study documenting a successful clinical appeal. The case study details Advicare’s experience taking on a complicated issue that contributes to many clinical denials – the concept of medical necessity – and addresses the use of promissory estoppel. Advicare delves into the impact denied clinical claims have on the patient experience and demonstrates how recovered revenue can help restore patient trust and loyalty, in addition to driving more revenue through repeat business and favorable reviews. The case study is currently available to download on Advicare’s website.
“We consider ourselves partners with our clients, and that partnership involves us helping our clients utilize special techniques, develop a successful appeals strategy, and recover lost revenue,” added Bob Colón, senior vice president of business development at Advicare.
Advicare is a clinical denial revenue recovery firm located in Lakeland, Florida. The Advicare team was founded by three innovators – Stacy Gearhart, Gloriann Sordo, and Barbara Toole – who realized the need for a partner to work on behalf of hospitals and health systems to prevent and overturn denied claims.