Your Patients, Your Reputation, Your Money
The practice of selling your receivables makes sense because Senex can:
- Provide cash as an immediate return on your investment while also improving your financial statements.
- Increase efficiencies without the need for an internal IT or personnel investment. Senex can fit into your existing revenue cycle processes without the need for an internal IT or personnel investment. Additionally, throughout the sales process, Senex can provide you metrics and information that may help you improve your intake and internal collection processes.
- Help with patient retention. Senex has knowledgeable representatives who have the ability to engage patients in personal conversations which help them sort through a sometimes complex healthcare transaction. This, in turn, helps healthcare providers retain patients.
In today's environment, it is critical to capture every dollar and do everything you can to retain your patients. Don't let your money just sit off balance sheet providing no return!
Bad Debt Becomes Cash "Selling your bad debt at the end of the revenue cycle is found money and badly needed cash for any hospital or health system."
Accelerated Cash Flow "It really is found money. You have to take into account the costs of having the account held at the collection agency versus getting the money up front today"
Helpful and Professional "Senex was very professional. They helped us to clean our data to get them what they need from a data perspective."
Quick and Easy "Working with Senex takes much less time than working with an agency. Maybe one to two hours a month - not very much time at all. Customer service is great!"
Patient Care "Thank you so much for your patience, understanding, and professional care towards me. I have been able to keep my dignity while paying on this bill."
Compassionate Collections "Senex actually listened to what we had to say. If we have a bill in collections again, we hope they will be as nice to deal with as Senex."
Helping Patients "Senex was extremely helpful, not what you would expect from a creditor. Senex understood my situation and helped me get this debt paid."