Repository: UIHistories Project: Board of Trustees Minutes - 1990 [PAGE 374]

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362

BOARD O F T R U S T E E S

[September 12

offered, ACB and H H L Financial Services provide excellent service and acceptable results at a competitive rate. In Fiscal Year 1992, it is anticipated that patient accounts receivable of approximately $7.0 million will be assigned to ACB with estimated collections of $1.6 million, 1 for a fee of approximately $360,000. Approximately $6.0 million will be assigned to H H L Financial Services with estimated collections of $1.3 million, for a fee of approximately $302,000. These contracts will expire June 30, 1992. Funds collected under the contracts will be deposited in the Hospital Income Fund and fees paid from that account. T h e vice president for business and finance concurs in the recommendations. I recommend approval. O n m o t i o n of Mrs. G r a v e n h o r s t , these r e c o m m e n d a t i o n s were a p p r o v e d by t h e following vote: Aye, Dr. Bacon, Mr. Boyle, Mrs. Calder, Mr. Grabowski, Mrs. G r a v e n h o r s t , Mr. L a m o n t , Ms. Reese, Mrs. Sheph e r d , Mr. Wolff; n o , n o n e ; absent, G o v e r n o r Edgar. ( T h e student advisory vote was: Aye, Ms. Caporusso, Mr. Mitchell; no, none.) Renewal, Contract with Kapner, Wolfberg & Associates, Inc., University of Illinois Hospital, Chicago (17) T h e chancellor at Chicago has recommended renewal of a contract with Kapner, Wolfberg & Associates, Inc., to assist the University of Illinois Hospital in identifying and rebilling omitted patient charges. This is a renewal of a contract to recover revenue for hospital services provided but not included on the hospital bill. T h e services of Kapner, Wolfberg 8c Associates, Inc., will be provided for a period necessary to complete the collection on unidentified charges associated with the medical records prior to June 30, 1989. T h e contractor will follow up on invoices prepared and sent to third-party insurance carriers. T h e contractor has developed a reporting mechanism to identify billing deficiencies by department. T h e hospital and the contractor will share equally in any recoverd revenue. In Fiscal Year 1992, it is anticipated that gross revenue collected will total $220,000 with commissions being paid at $110,000 (50 percent of collections paid to the contractor). Funds collected under the contract will be deposited in the Hospital Income Fund and fees paid from that account. T h e vice president for business and finance recommends approval. I concur. O n m o t i o n of Mrs. G r a v e n h o r s t , this r e c o m m e n d a t i o n was a p p r o v e d by t h e following vote: Aye, Dr. Bacon, Mr. Boyle, Mrs. Calder, Mr. Grabowski, Mrs. G r a v e n h o r s t , Mr. L a m o n t , Ms. Reese, Mrs. S h e p h e r d , Mr. Wolff; n o , n o n e ; absent, G o v e r n o r Edgar. ( T h e student advisory vote was: Aye, Ms. Caporusso, Mr. Mitchell; no, none.) Contract, Pediatrician and Neonatologist Services, University of Illinois Hospital, Chicago (18) T h e chancellor at Chicago recommends approval of a contract for the period September 16, 1991, through June 30, 1992, with Neoped Physician Placement Services, Inc., Oak Brook, to provide supplemental neonatologist and pediatric

1 Commission rates vary for different account age categories and for inpatient accounts. In each case, the fee figure represents the probable average commission.