ADAM manages the authorization and financing of high cost medical devices. Our specialists know how to prepare case submissions that are accurate and complete - with all the documention needed to optimize on first-pass payer authorization. We secure payer authorization, then we take financial responsibility for the device - managing the purchase, payment and reimbursement for the implant. Your facility secures the high-dollar value implants it needs without downside risk to operational or financial performance
| Missed Financial Metrics: Return on Lives Improved |
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Of course you're not measured that way. Many of your most important stakeholders measure your endeavor as a business. While we all recognize the need sound financial management, you operate on the frontline of reconciling dollars with the patients you see everyday. This stew of stakeholders may be moving towards 'quality of life' as a best metric for operational excellence, but at the end of the day, the measure of choice defaults to financial performance. We move the administrative efforts and the financial considerations and risks of managing implantable devices off your shoulders, onto ours. Implants can have a disproportionately negative impact on your measured operational and financial performance. We will manage payer approval and secure the device for you. We provide for the costs, cash and cash-flow of device payment and payer reimbursement. Disputes and resolutions become our concern, not yours. |
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ADAM can have a positive impact on these areas of your measured performance:
| P&L | |
| Administrative expense |
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| Cash Flow | |
| Cash flow - operations |
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| Balance Sheet | |
| Cash |
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| Reserves |
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| Impact on Business & Revenue-cycle Metrics |
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| Working capital & Current ratios |
Payer turnaround |
| Capital employed to support revenues | Days in revenue outstanding (DRO) |
| Patient account adjustments | Days receivable outstanding |
| Cash on hand as % of net revenue | Revenue write-down |







