Unified Health Services
Michael Reece has extensive work experience in the financial and healthcare sectors. Michael Reece - started their career as an Audit Manager at KPMG Peat Marwick in 1988 and worked there until 1992. From 1992 to 1997, they served as the Chief Financial Officer at Third Party Solutions. Since 1997, Michael has been with Unified Health Services, where they were a Co-Founder and the Chief Financial Officer. In March 2022, they became the President and Chief Financial Officer at Unified Health Services, where they oversee all corporate financial planning and record keeping, as well as the management of claim receivables and payables functions.
Michael Reece attended the University of Mississippi from 1982 to 1988, where they pursued a Master's degree in Accountancy. This is the extent of their education history based on the provided information.
Unified Health Services
Each year millions of workers are injured on the job and require medical attention. Since worker's compensation is an employee benefit governed by individual states, there are significant and varying rules and regulations involved in processing claims and obtaining reimbursements. Normal billing patterns in healthcare can't be applied to work comp because the nature of processing claims and the payer system is fundamentally different. This unique payor class lacks eligibility systems and invoicing remains a print and mail system burdened by "attachments". The collection process includes phone calls, high invoice submission rates and payment appeals. Finally, reimbursement rates differ by jurisdiction and providers don't know if payments are correct or not. UHS specializes in end to end management of worker's compensation claims for hospitals, surgery centers, and healthcare systems. We combine an in-depth knowledge of the work comp payor system with technology to create efficient methods of processing work comp claims from patient registration to cash application. Founded in 1997, UHS has managed over 2.1 million work comp patients, 5.7 million encounters, and $7.4 billion in work comp A/R for healthcare systems across the U.S. We take responsibility for processing work comp claims at patient registration. Our front end solution manages claim verifications and treatment authorizations as well as gathers important claim related information that will be needed to facilitate accurate billing and quick and accurate reimbursement. Healthcare providers bill claims in 837 format through clearinghouses to UHS. UHS handles the generation and distribution of invoices and performs all collection work. UHS ensures payments are accurate and cash posting is automated with 835 ERAs. Results include better collection yields, fewer unpaid accounts, lower A/R, process automation and lower processing costs. Talk to us about improving your work comp revenue cycle.