How CoverMe reduced bad debt balances by 47% for the Caring Long Term Care Group.
Published on June 23, 2022
by CoverMe Team
The Caring Long-Term Care Group operates 175 skilled nursing facilities in 16 states. Their greatest challenges lie in pre-admission assessments and financial planning. Immediately after utilizing the CoverMe risk scoring system, they saw an increase in better admission decisions. Within their first calendar year, they experienced a 47% reduction in bad debt related to Medicaid denials with an estimated savings of at least $6,000,000.
$6,000,000 Saved Revenue
47% Reduction in bad debt
Within 12 months of service
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