Value Healthcare Services is proud to be the first company dedicated exclusively to healthcare bankruptcy receivables. We have created a bold new strategy that will substantially increase your revenue. The results are real and come with zero patient contact and limited hospital resources required. It’s time to think differently about bankruptcy collection.
Creating Something from Nothing! Our mission is to create efficiencies in the recoveries of your patient accounts that file for bankruptcy that every healthcare facility is entitled to. Using a powerful computer technology that we have developed, the entire process is effective, safe, secure and accurate. Once fully integrated, we guarantee to take the necessary steps to maximize recoveries on every patient account that files for bankruptcy connected to your facility and follow through with all aspects of the process from A-Z, it is our specialty. The key is a proactive approach and we will guide you and keep you updated every step of the way.
For 25 years we have been working with top Fortune 500 companies, filing millions of bankruptcy claims in the financial, commercial and retail sectors. Using a fully automated and secure system, we have collected hundreds of millions of dollars for our clients. Now, we are bringing that experience and proven success to the healthcare industry. One of our greatest strengths is the diversity of our workforce. Not only do we operate in all 50 states, the men and women that make up our team come from many nationalities and backgrounds and are true Bankruptcy specialists. Together we have created an environment that allows everyone to thrive.
Our commitment to technology is what sets Value Healthcare Services apart. One key to bankruptcy recoveries is immediately filing Proof of Claims on behalf of the hospital, and that means immediately identifying when bankruptcies occur in real time. The backbone of our technology is a proprietary system we developed called Secured BLOSSOM. Every night Secured BLOSSOM monitors the national bankruptcy database for any activity related to patient accounts associated with healthcare facilities we are servicing. Depending on what is reported, either new bankruptcy filings or changes in status to existing filings, Secured BLOSSOM triggers the next step in the recovery process, which allows us to be ahead of the curve. Proactive versus reactive is the key to success.
The Health Insurance Portability and Accountability Act of 1996 (HIPAA), Disclosure of Protected Health Information (PHI) and the American Reinvestment and Recovery Act of 2009 (ARRA) are vitally important to us. Keeping in line with your goals as a healthcare provider, we handle each account with complete privacy. Unlike debt collection, with bankruptcies there is zero patient contact. Bankruptcy is a federally mandated process with strict rules on how to file and how to recover money. During the integration process we insure that all patient information is transferred securely and only used for the purpose of bankruptcy monitoring and recovery. We have created privacy protocols that restricts access of patient information to only the smallest number of our employees, in full compliance with HIPAA and PHI regulations. In addition, we have strict company policies that patient information is never to be printed or removed in any way from the office environment.
Our Commitment to You
Value Healthcare Services is focused solely on one aspect of the revenue cycle, Bankruptcy Recoveries. To that end, we are committed to excellence in all aspects of the bankruptcy recovery process, including integration, active monitoring and compliance on your patient accounts. Our clients put a great deal of trust in us, particularly when it comes to dealing with sensitive and confidential information. Our team is dedicated to working with you in a straightforward and professional manner to set up systems that protect patient privacy first and foremost while at the same time adding revenue to the bottom line.