The Green Sheet Online Edition

December 23, 2024 • Issue 24:12:02

New Products

Revolutionize medical billing with accelerated payments

Product: Accelerated Payment Platform
Company: CF2H

CF2H unveiled an accelerated payment platform aimed at alleviating the persistent issue of delayed payments for private medical practitioners. This cutting-edge solution targets the inefficiencies within billing providers, which have historically been a bottleneck in the payment process, the company stated.

Contrary to popular belief, CF2H reported, insurers are not the primary culprits behind late payments. Instead, the delays arise from billing companies overwhelmed by the complexity and volume of invoices. Reliant on outdated systems and manual processes, these intermediaries struggle to modernize without disrupting their 24/7 operations.

Unfortunately, CF2H added, bypassing these firms is not a feasible alternative for most medical practices, which often lack the resources or expertise to handle billing in-house.

CF2H addresses this challenge by offering a tech-driven platform that automates the billing lifecycle and accelerates payments, providing much-needed relief to private practitioners. With CF2H, claims are processed accurately and submitted promptly, enabling payments to be settled within 24 hours, and often on the same day, the company attested.

Speed, automation, simplicity

CF2H listed the following key features of its platform:

• Same-day payments: Practitioners can receive payments as soon as invoices are submitted, ensuring financial stability.
• Automated workflow: The platform automates everything from insurance claims processing to managing shortfalls and overdue payments, reducing errors and saving time.
• Simplified insurer interactionsBy streamlining communication and ensuring accurate documentation, CF2H minimizes delays caused by insurers.
• Cost-effective operations: Medical professionals can avoid the expense and administrative burden of additional billing staff.

"Late payments are an inside job, often caused by billing firms relying on outdated technology," Juliet Bentley, CEO of CF2H, affirmed. "By building a modern platform from scratch, we've eliminated inefficiencies, enabling faster payments and allowing practitioners to focus on patient care."

CF2H's accelerated payment platform represents a transformative step for private healthcare providers, ensuring they can focus on their patients without the distraction of payment delays, the company noted. For more information, visit www.cf2h.co.uk.

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