For Immediate Release: March 5, 2017
ANKOTA AND FHS PARTNER TO DELIVER INTEGRATED HOME CARE MANAGEMENT PLATFORM
Strategic Partnership Will Streamline Agency Management, Billing and Revenue Cycle Processes, Enabling Agencies to Achieve Improved Operational Efficiencies
Boston, MA – May 3, 2017 – FHS SeniorCare Payment Solutions® and Ankota® announced today their partnership that will integrate FHS’ third party billing solutions with Ankota’s home care agency management Software-as-a-Service platform. The integration will deliver a complete, end-to-end solution for agency management, billing and revenue cycle to the private duty home care market.
Ankota—an innovative home care management software solution provider—and FHS—an industry-leading revenue cycle management company— believe that home care providers are better served when their needs for agency management, billing and revenue cycle solutions are seamlessly integrated. FHS’ and Ankota’s missions are aligned with the common goal of simplifying front and back office processes so that home care agencies can be more efficient and profitable.
Ankota enables Next Generation Home Care Management and enables agencies to delivery care efficiently but also with the compliance and transparency that is being mandated throughout the industry. The solution delivers robust functionality including: online client intake, scheduling, care plans, caregiver tracking via telephony and mobile/GPS, point-of-care documentation, a family mobile application, care transitions and remote patient monitoring.
The integration gives agencies access to FHS’ network of more than 300 third party payers and to FHS’ billing expertise. This tightly integrated solution will help agencies to streamline billing with long-term care insurance, Veterans Administration, workers’ compensation and additional payers, as well as to increase cash collection rates and reduce accounts receivable days outstanding.
“We are excited to partner with FHS and incorporate their robust revenue cycle management capabilities with our next generation home care management platform. This is another example of how Ankota seeks to open new opportunities for our customers to attract new referral sources, enhance their revenue stream and increase their efficiency,” said Ken Accardi, CEO, Ankota.
With the influx of clients with third party benefits entering the home care market, agencies need a trusted partner that can help manage the complex revenue cycle. FHS delivers third party billing solutions to help agencies add new revenue streams, diversify their payer mix and decrease their time to collect cash. FHS is the only company with 30 years’ experience billing more than 300 non-medical third party payers including: long-term care insurance, the Veterans Administration, Medicaid Waiver programs, workers’ compensation, non-profit organizations and more.
“Private duty home care has expanded beyond just a private pay business, which has increased the administrative complexity for agencies trying to manage billing rules and accounts receivable with multiple entities,” says Matt Capell, chief executive officer of FHS. “Our partnership with Ankota provides an end-to-end solution that enables agencies to operate more efficiently, optimize revenue and focus on delivering quality care.”
FHS SeniorCare Payment Solutions® provides revenue cycle management solutions to the non-medical, long-term care industry. FHS offers a robust portfolio of services that streamline revenue collection and simplify financial operations including: third party eligibility, claims processing, payment processing and collections. FHS provides financial advocacy to care recipients, helps them understand third party benefits and other payment options, collects from responsible parties and remits cash to long-term care providers. FHS is the only company with 30 years’ experience billing more than 300 non-medical third party payers including: long-term care insurance, the Veterans Administration, Medicaid Waiver programs, workers’ compensation, non-profit organizations and more. Since its founding in 1987, FHS has helped hundreds of long-term care providers manage their accounts receivable and more than 10,000 clients pay for care. Visit FHS at http://www.fhsbillings.com/.
Ankota™ enables the next generation of home care, understanding the rapid growth of the elderly population and the shifts to managed care and population health. The highly customizable software offers full home care agency and Electronic Visit Verification (EVV) management including telephony, GPS, fixed number generator fobs, biometric authentication and verification schema. It manages people, payers and programs via configurable business rule sets and supports optimized delivery of care in homes, readmission reduction, individualized plans of care and cost controls. Sophisticated scheduling algorithms support managing non-skilled and professional workers in post-acute markets that include AAA’s, Medicaid, DME, therapy staffing, infusion and phlebotomy. Foresight Care™, an innovative remote patient monitoring service and patient engagement platform, helps avoid hospital readmissions at the lowest possible cost. Visit Ankota at http://www.ankota.com/.
FHS SeniorCare Payment Solutions
Ph: (484) 301-2804
325 Sentry Parkway
Building 5 East, Suite 160
Blue Bell, PA 19422