Revenue Cycle / Accounts Receivable
Decommissions
Made Efficient.
Managing an accounts receivable (A/R) wind down is a common challenge when implementing a new revenue cycle system. Keeping the legacy system up and running through completion is often time-consuming and costly. That’s why many organizations opt to implement data archiving solutions.
Why Choose Harmony Healthcare IT?
12-24 Months
Timeframe for clients to realize ROI benefits.
700+ Brands
We have experience successfully extracting, migrating, and archiving data.
HITRUST Certified
Ensuring we meet the highest standards in data protection and security.
KLAS Rated
Consistently ranked highly in the data archiving category.
Wind Down Patient Balances
When an old financial system is replaced, there are typically outstanding accounts receivable (A/R) records that aren’t converted in full line-item detail to the new software. Although keeping the legacy system up and running is an option for collectors to wind down A/R, it is often a more costly approach than archiving due to high vendor support fees on a full-production billing system. HealthData Platform™ is an enterprise data management solution that includes industry-leading data storage with HealthData Archiver® and offers integrated A/R management and wind-down capabilities ranging from simple transaction posting to automated collection agency management to comprehensive billing functionality.
HealthData Archiver® + Transaction Posting Module
Post charges, adjustments, and refunds to wind down archived patient A/R records so that legacy financial systems can get decommissioned. Includes general ledger exports and patient aged trial balance reports.
HealthData Archiver® + Collection Agency Management
(Bundled with Transaction Posting Module)
Automate the posting of charges, adjustments, and write-offs from your outsourced collection and bad debt agencies as transaction files are securely received into Transaction Posting Module. Includes the posting of notes to accounts as documented and submitted by an agency. Transfer outbound placement files to coordinate collection efforts between your provider organization and an agency or among multiple collection agencies. Ensures archived A/R record balances are reconciled until worked down to $0 (or until collection efforts cease).
HealthData AR Manager®
(Use with HealthData Archiver® via Single Sign-On or use as a standalone)
Continue to access retired data through a web-based portal. Simply initiate a Single Sign-On (SSO) connection from HealthData Archiver® to HealthData AR Manager® and easily access patient-related data held in HealthData AR Manager®. HealthData AR Manager® provides all the functionality needed to fulfill all of your organization’s A/R Wind Down needs. Key Features Include:
- Edit and Re-file Claims (837s)
- Post Remittance Advice (835s)
- Create Zero & Credit Balance Accts
- Memos & Refund Requests
- Manage Account Lists
- Produce Automated Statements
- Maintain Collection Interfaces
Accounts Receivable Wind-Down
HealthData Archiver® offers interactive transaction posting to support AR wind-down and collection agency management, allowing legacy systems to be decommissioned efficiently and affordably.
Our challenge was twofold. We wanted the ability to keep running AR ourselves and we wanted to avoid paying what the legacy vendor would charge. With Harmony, we were able to archive detailed account records to meet retention requirements while continuing to collect what insurance companies and patients owed.
Key Resources
Learn how effective accounts receivable management can help healthcare organizations recover revenue, streamline workflows, and maintain financial health.
Key Offerings
