MedFICO Will Find Those ?Most Likely to Pay?: Developer

The Chairman and CEO of Healthcare Analytics told insideARM that the medical payment scoring tool the company is developing will be just as useful to ARM professionals as it will be to hospitals.

“It’s for anyone trying to settle a bill,” Stephen Farber said of the medFICO score being developed with backing from Fair Isaac (“Medical FICO Score to Judge Patient Payment Ability,” Dec. 12). “If you’re a collection agency it will help you know who you’re more likely to collect from. It will help you achieve a settlement sooner, with a higher degree of confidence … and with a lower expenditure of resources.”