Press Releases

6/22/2022

Revenue Management Solutions Announces Commercial Relationship with Finalytics

Finalytics, a healthcare fintech company, offers its patented Flex FaaS Payments solution to monetize insurance claims in three days, significantly reducing days insurance outstanding and returning business intelligence. more...

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Commonly asked

Some helpful questions that are commonly asked. For more information, please visit our Help Center.

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Can my practice keep its billing company or in-house billing?

Yes. Flex will work with your currently billing company to monetize your claims and streamline their revenue cycle process.

Does my practice require a lockbox?

Yes. Your practice will require a lockbox in order to streamline your financing and revenue cycle process, and to sweep and digitize all correspondence.

Why is RMS required for financing?

RMS has the unique ability to process billions of claims annually, allowing Flex to extract data to value and risk adjust every financed claim.

What if Flex does not receive payment from insurance company after financing?

Since we finance a continuous stream of your claims, insurance underpayments can be adjusted against current or future claims to be financed.

What is Weighted Average Days Insurance Outstanding (WADIO)?

WADIO is calculated using the claim values or payer payment times on a weighted basis of each claim payment period in an insurance receivable portfolio.

Why it’s important?

WADIO provides a more accurate depiction of payer reimbursement timelines, taking into consideration the cash value of each claim.

Read our published article about the importance of WADIO here.