Valuing Healthcare Accounts
In order to evaluate a bad debt portfolio and make a firm offer, we will require the following four items:
- Underwriting Questionnaire - The questionnaire requests information about the healthcare provider, the collection process, and collection agencies that have preceded the sale. Our representatives can generally gather most of this information in a 30 minute telephone interview, or it can be filled out by the provider and forwarded to us. One section of this document requires a signature authorizing us to perform a sample credit score.
- Collection agency recovery reports (preferably in a static pool format) - While the questionnaire asks general information about the collection agency recoveries, accounts can be better valued after analyzing collection agency recovery reports.
- A copy of the admission/consent form - The sale of accounts requires a blank copy of the form signed by patients / guarantors at the time of service to acknowledge financial responsibility.
- Data file. The data file should contain actual data for the accounts eligible for sale. Click on the link for a list of minimum data points and selection criteria.
As for data file transmission methods, there are a lot of options. Please contact us regarding the secure transfer of your data. The following is our mailing address for file transfer.
Senex Services Corporation
3500 DePauw Blvd., Suite 3050
Indianapolis, IN 46268
Attn: Denise Purdie Andrews
If you have any IT questions, please feel free to contact Denise Purdie Andrews at (317) 613-0120
Once we have all of the requested information, we will be in a position to deliver a formal cash offer within a few days, and complete the transaction quickly.