Lost Revenue due to Lost Documents

Before imaging

The impact of missing documents is astounding. The most common reasons for non-payment of claims are co-insurance (especially spouse policies and automobile policies), workers comp and re-insurance. These non-payments are usually resolved in favor of the provider, once the proper documentation is sent to the correct third party payer. Procedure code disputes also occur and these often can be resolved in the providers favor.

Lost revenue due to lost documents
Before imaging	$702,000 per year
With Acordex	$0

What does it cost when the filing staff can't find documents? A research study by a 400 physician group practice at a university medical center measured that

• 1432 documents are requested each month
• 146 document requests per month were not filled because of lost paper
• $501 is the average value of each claim
• 80% of the dollar value of each billed claim can be collected
• there is a probable loss of $58,517 per month (146 x $501 x 80%)

With an Acordex system

With an on-line capacity tailored to your needs, it takes less than one second to get any document needed to support your claims. In addition to on-line storage, Acordex's double backup eliminates the possibility of losing your critical information. You will always be able to locate any document you need to ensure you are paid what you are owed.

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