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Meridian increased recoveries and lowered bad debt through improved efficiencies and better agency management.
Client: Meridian Health, a large New Jersey-based healthcare system
Challenge: Increase recoveries and lower bad debt through improved efficiencies and better agency management, ensure recovery efforts are fully HIPAA compliant
Solution: FICO Recovery Management System solution (RMS) and Debt Placement Services through FICO Network
Results: ROI in less than six months, reduced bad debt by $1.1 million in first year, averaged $1 million+ in secondary recoveries per year since implementation