Apollo Health Street, a developer of world-class solutions that tackle healthcare's toughest financial challenges, recently announced a new partnership to provide Apollo's Full Business Office program to the Roxborough Memorial Hospital.
Roxborough Memorial Hospital is a 141-bed community hospital. The hospital has been serving the medical and health care needs of the Roxborough, Manayunk, East Falls and northwest section of Philadelphia communities for more than a century, having first opened its doors in 1890. Roxborough Memorial Hospital's School of Nursing has been educating nurses since 1898. The hospital is accredited by the Joint Commission on the Accreditation of Healthcare Organizations, the nation's oldest and largest hospital accreditation agency. Roxborough Memorial Hospital is part of Solis Healthcare.
Over the next five years, Apollo's healthcare experts will be responsible for office site management that will include the oversight of electronic and manual billing, patient account follow-up, correspondence processing, payment and remittance posting, reconciliation and follow-up, financial counseling, self pay patient and account follow-up, patient accounting customer service, and clinical denials. ""Our comprehensive Full Business Office solution meets Roxborough's need to address aging accounts receivable and improve cash collections. We believe the hospital will quickly realize results that enhance their bottom line,"" said Karen Ferrell, President and CEO of Apollo Health Street.
Using technology and healthcare experts, Apollo will streamline patient interactions including pre-registration data collection, eligibility, billing, insurance follow-up, and self pay collections using a comprehensive approach. As a result, Roxborough will increase compliance, maximize appropriate billings and improve cash flow. ""We are confident that teaming with Apollo and utilizing their expertise will allow us to increase cash flow and remain focused on providing excellent patient care,"" said Tony Esposito, Chief Financial Officer at Roxborough Memorial Hospital.