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PRESS RELEASE

Source: Wakefield & Associates

Collect Rx Joins Healthcare Revenue Cycle Leader Wakefield & Associates to deliver Out-of-Network Solutions.


Aurora, CO, August 16, 2022

Wakefield & Associates, a leading healthcare revenue cycle solutions company, announced today that Collect Rx has joined the Wakefield organization. Together, the two companies will leverage combined capabilities to provide a full spectrum of revenue cycle solutions, including Out-of- Network Claims resolution to healthcare providers across the country.

Founded in 2006, Collect Rx provides a tech-enabled Out-of-Network (OON) payment integrity solution platform, assisting customers with appeals and negotiations. Combining complex claims, medical account resolution expertise, collaborative customer services, and proprietary databases, Collect Rx serves over 5,400 healthcare companies across the country.

“Collect Rx is thrilled to bring its market leading and provider-centric claim resolution services into the Wakefield & Associates family”, said Ike Brenner, President of Collect Rx. “Our customers and partners will be the biggest beneficiaries of this highly synergistic combination. Together, we bring to market an exceptionally comprehensive RCM solution set.”

As one of the leading revenue cycle solutions companies in the nation, Wakefield & Associates makes vital contributions to the financial health of medical providers through innovative and proven Revenue Cycle Management (RCM) solutions.

“With its depth of expertise and being a pioneering industry leader of complex Out-of-Network claims, Collect Rx allows Wakefield & Associates to expand our service offerings”, said Matt Laws, CEO of Wakefield. “Going forward, we will be able to deliver a full suite of RCM services to the thousands of healthcare service providers with whom we partner.”

About Wakefield

Established in 1933, Wakefield & Associates specializes in Revenue Cycle Management Solutions, which includes System Conversions, Call Center Partnerships, Insurance Billing, Process & System Workflow Design, Eligibility Assistance Programs, Primary & Secondary Bad Debt Collections, Legal Solutions, and working with Debt Purchasing providers. Wakefield & Associates has and continues to make significant investments in people, processes, and technologies that allow us to develop and implement quality solutions that accelerate cash flow and A/R liquidation. Wakefield & Associates has developed effective recovery techniques and partnership collaborations that result in a positive patient experience.


Receivables Management


At Wakefield & Associates, our clients choose us because of our success at creating partnerships that work. Since our founding in 1946, our goal has been to understand our client’s needs and design an approach around those needs, an approach whose goal is to satisfy those needs to the best of our ability.

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Insurance Follow Up & Early Out Programs


Wakefield & Associates has established itself as a leading provider of accounts receivable management and delinquent account recovery in the healthcare arena. Our business foundation is built on a partnership philosophy which ensures each client receives world class service from our organization and its staff.
Our partnership philosophy has resulted in a solid reputation for tenured business partnerships that benefit clients across the country by providing improved cash flow, profitability and consistent business results.


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Client Services


We deliver effortless partnerships by design. This means we are totally focused on what matters to you, and your needs. This starts up front, with our efforts to learn your preferred policies, necessary support functions, and competitive benchmarks.

With the arrival of a new client, senior management and key personnel meet to review details that pertain to your profile. Items reviewed include your network requirements, preferences and campaign needs.


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Technology


Wakefield & Associates has the proven technology needed to maximize recoveries for all types of creditors. In fact, our use of technology to support operations is what sets us apart from the rest of the industry.

We offer you a robust platform so that you gain the benefits of what we have built over the years—a machine that efficiently recovers delinquent accounts and reports your account data back to you when you need it, in the format you prefer.

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