Financial Partner

For over 20 years, Pendrick Capital Partners has been an industry leader and best in class revenue cycle management partner, focused solely on helping hospitals and physician groups improve collection efforts through better management of accounts receivables.

Mirroring PCP’s success, the sale of aged A/R among healthcare providers has become much more mainstream. Today, operating in the “new normal” economy, the desire of providers to implement a profitable, compliant, and sensible solution to their revenue cycle challenges and cash acceleration needs has never been greater. Toward that end and understanding the importance of increasing collection of patient responsibility balances while maintaining a patient-first mindset, PCP offers both bad debt purchasing and asset management services to meet the needs of our partners and their patients.

Why Sell Your Receivables to Pendrick?

  • Immediate Cash Flow
    By selling your receivables you generate immediate cash flow that can be re-invested in other assets that improve your organization’s effectiveness.
  • Lower Your Risk
    If you collect your receivables internally or use external contingency fee agencies, you face an uncertain cash flow depending upon the performance of the collection team, the economy, regulatory changes and other external factors. Internal collection efforts raise additional compliance risks if the work is not done well. Selling your receivables eliminates these risks.
  • Keep Your Staff Productive
    Collecting on receivables yourself is time-consuming. Managing and monitoring external agencies for performance and compliance is also time-consuming. Selling your receivables permits your staff and your organization to focus on their primary mission and not become distracted by collections challenges.

Diagnostic Partner

Health Sigma’s vision is to employ Artificial Intelligence (“AI”) and Machine Learning (“ML”) to improve collections. Technologies used for current processes are outdated and still rely on frameworks of the past. Collection efficiencies are stagnant as a result, and underpayments continue to adversely impact the financial health of the provider industry.

Consider the following:

  • Research from the Medical Group Management Association (“MGMA”) estimates payers underpay hospitals in the US between 7% and 11% on average.
  • Even Medicare and Medicaid are guilty of making mistakes. This means that, even if a hospital is largely treating Medicare and Medicaid patients, 2% – 4% of gross revenues, on average, may involve underpayments.

What would you do with an extra 2% to 4% of annual revenue?

The challenge is identifying meaningful underpayments. Health Sigma has determined that only 2% of all claims involve such underpayments, a fact that random or even focused audits cannot economically or efficiently identify. No symptoms or alarms exist to alert an underpayment and current “testing” is inadequate to catch everything. In brief, if there were a new underpayment “MRI” that could accurately diagnose your reimbursement errors, wouldn’t you like to know about it?

Health Sigma represents that solution.
For additional information or to request a demo, contact Kent Graham or call 626.644.9131

Data Analytics Partner

Health Cost IQ (HCQ) was borne out of the Founder and CEO’s (Jude Odu) PhD research into the enormous health costs associated with hospital treatment, and the lack of proportionally positive health outcomes that result from those high costs. In brief, Health Cost IQ is a SaaS ecosystem that helps minimize excessive healthcare spending through a proven methodology that identifies various risk factors present in medically insured populations, analyses those risks, and provides clear solutions to help clients minimize such risks, thereby reducing unnecessary costs and saving organizations money.

Analysis paralysis, as you know, is a common symptom of data overload. It’s not that people don’t know what they are looking for. The problem is that it takes many steps and many clicks to get to the data needed, and then many more hours to make sense of the data once it is found. HCQ simplifies those agonizing efforts by performing advanced risk stratification and predictive modeling processes on data being analyzed, and then presenting the results in a clean, easy to use interface, enabling quick delivery of information needed so that time is spent on making important decisions.

One of Peter Drucker’s famous tenets was “You can’t manage what you can’t measure.” Due to the work of HCQ, today’s maxim is “You can’t manage what you can’t predict!”

Health Cost IQ. We create actionable insights to help organizations solve big healthcare challenges, empowering decision-makers to improve lives and reduce costs…

Are you ready for results?

The experience of the SimplifiHCA team helps us to understand the difference between theoretical and practical. We know how to align the needs of our clients and their businesses with the realities of our Healthcare Provider Customers and Payers. With decades of experience as both buyers and sellers of products, services, and companies from all corners of the healthcare industry, SimplifiHCA can provide you with a unique insight into products and services that can help improve your clinical and financial standing in the communities you serve.

Get in touch with us today to see how we can help!

First Name *
Last Name *

Email Address*

Company

Job Title
Phone Number

How can we help?*

Are you ready for results?

The experience of the SimplifiHCA team helps us to understand the difference between theoretical and practical. We know how to align the needs of our clients and their businesses with the realities of our Healthcare Provider Customers and Payers. With decades of experience as both buyers and sellers of products, services, and companies from all corners of the healthcare industry, SimplifiHCA can provide you with a unique insight into products and services that can help improve your clinical and financial standing in the communities you serve.

Get in touch with us today to see how we can help!

First Name *
Last Name *

Email Address*

Company

Job Title
Phone Number

How can we help?*