The University of Tennessee Medical Center partnered with EnableComp in 2009, first as a CompRecover client to perform a multi-year review of all zero balance accounts. Within the first year, UTMC received over $3.3 million from zero balance work comp accounts alone. After seeing the results, UTMC decided to have EnableComp handle all workers’ compensation accounts from day one. To date, EC has collected $40 million for UTMC, collecting over 90% of work A/R within 90 days.
“Aged accounts have gone down 28% to 11% and our average A/R days have gone down from 68 to 42. That’s a significant achievement considering it often takes hospitals over 90 days to receive a single work comp payment.” – Steve Hovan, Executive Director of PFS, UTMC