Zero Balance Accounts: LMS's Zero Balance program is an attempt to collect an account that has been written off or adjusted resulting in a zero balance and partial payment. The most efficient hospital will have accounts that did not get full payment or payment at all. LMS will review and analyze zero balances to see if there are any monies left to be collected. Situations occur allowing collections to be made and improve cash flow.
LMS procedure for Zero Balance Accounts are as follows: Review accounts that are zero balance that the hospital is no longer working. LMS must have remote access to your current database. LMS will analyze each account to determine if there are monies left to be collected. LMS must have authority to run reports on zero balances.
LMS only accepts insurance accounts under the zero balance program.
This program does not cost the hospital any money unless money is collected.