Retro Medicaid Debt Relief
Ensure compliance with North Carolina’s Debt Relief mandate. We will identify Medicaid-eligible accounts in your bad debt and legacy files dating back to January 2014.
Meet North Carolina’s Healthcare Access and Stabilization Program requirements. Our comprehensive solution ensures full compliance with new NC DHHS medical debt forgiveness programs.
The Challenge
North Carolina’s Healthcare Access and Stabilization Program (HASP) requires hospitals to meet strict compliance standards. Non-compliance risks significant penalties and loss of vital state funding.
Our Solution
Retro Medicaid Debt Relief gives hospital staff the peace of mind that they are meeting NCDHHS mandates, ensuring receipt of ongoing HASP funding.
Why It Matters
- Maintain eligibility for enhanced HASP payments
- Protect your organization from compliance-related penalties
- Minimize administrative burden on your staff
- Optimize your approach to medical debt management
- Preparation of debtor notification letters
How it Works
- We analyze your accounts, conducting a detailed review of records dating back to 2014, as required by the HASP mandate, to determine eligibility for debt relief.
- Our team sends a full report of all Medicaid eligibles that are consequently eligible for debt relief.
- We continue with regular checks to identify new Medicaid eligibles qualified for debt relief, keeping hospitals compliant with the DHHS 60-day debt forgiveness requirement.
- We support your team from start to finish by providing expert guidance and templates. If desired, we can even prep debtor notification letters on your hospital’s stationery.
Frequently Asked Questions
Why not forgive all patient debt from January 2014 to July 2024
Forgiving all patient debt from this period would result in significant revenue loss for hospitals, as it would include accounts actively making payments or under payment arrangements. Thousands of accounts fall into these categories, and our initial test runs show that only about 15% of the debt is typically eligible for forgiveness. For example, a small rural hospital in North Carolina estimated it would lose $600K annually in patient payments if all debt were written off. By adopting targeted solutions, hospitals can meet Medicaid forgiveness requirements while safeguarding revenue from ineligible debts.
Can I use the Retro Medicaid Debt Relief service without RetroCheck Revenue Recovery?
Yes, you can choose either service independently, but combining them ensures you maximize your Medicaid reimbursement. Without retroactive Medicaid claim checks, you could miss out on significant revenue—or even inadvertently forgive debt that qualifies for Medicaid reimbursement. While we’re happy to assist with compliance alone, all of our current customers have opted for both services to capture the full benefit.
How long does the process take?
Given the newness of this service and our reliance on North Carolina Medicaid databases, the initial file review requires a one-week turnaround. Subsequent monthly checks will only need a 36 hour turnaround. We are beginning preliminary file tests in January 2024 to expedite the initial processing for our clients.
Ready to Transform Your Revenue Recovery?
Take the first step toward optimizing your hospital’s revenue cycle. Contact RetroCheck today for a free consultation and discover how our solutions can help your organization:
Maximize revenue recoveryEnsure HASP complianceStreamline operationsReduce administrative burden