DAYTONA BEACH, Fla.--(BUSINESS WIRE)--Synergy Billing announced today its Synergy Revenue Cycle Assessment® service for community health centers. Using its proprietary software and algorithms, the company reports it is able to identify and resolve disparities in the revenue cycle operations of community health centers leading to an average increase of 10% - 15% in net collections.
Community health centers, also known as Federally Qualified Health Centers (FQHCs), serve more than 21 million patients each year from more than 8,500 delivery sites. The community health center program dates back to the 1960’s and Lyndon B. Johnson’s “war on poverty.” Most FQHCs are located in areas classified as medically underserved. The Affordable Care Act earmarks $11 billion over five years to expand the primary care treatment system in the United States.
“Most FQHCs report collection rates of less than 75% which results in hundreds of thousands of lost dollars. By evaluating key financial data we are able to quickly report back to FQHCs their collection rates along with potential revenue opportunities,” asserts Ronnie Reeves, VP of Client Relations.
The Synergy Revenue Cycle Assessment®, which the company reports is being offered free of charge on an introductory basis, is completed remotely by Synergy Billing Specialists. In conjunction with this new service the company intends on creating 4 new jobs. Synergy Billing states it has created 32 new jobs locally in the past 12-months.
Synergy Billing provides revenue cycle management and billing services to a special niche in health care known as Federally Qualified Health Centers. These centers serve more than 21 million patients annually and act as a safety net for the nation’s neediest population. Synergy Billing was founded by entrepreneur M. Jayson Meyer who has been featured on the Oprah Winfrey show, CBS 48 Hours, and in the Wall Street Journal.