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TransUnion Teams to Reduce Medical Debt

TODAYS GUEST Dave Wojczynski, Director and CEO, TransUnion Healthcare

Dave joined us to discuss how TransUnion Teams to Reduce Medical Debt with RIP Medical Debt.  Specifically, we discussed the following with Dave:

1. (3:15) TransUnion recently noted that medical debt is the number one cause of bankruptcy in the U.S. Will you tell us about what you are seeing in terms of the increase in medical debt?
2. (4:56) How will TransUnion’s solution help RIP evaluate the portfolios of debt they own and how will it help them locate new medical debt?
3. (7:02) How will credit data be used to identify those who truly need help with medical debt?
4. (7:52) What should healthcare professionals/hospitals be doing to help alleviate this massive problem?
5. (9:21) Why aren’t more people scared as hell about where we are and where we are headed?
6. (11:22) What would you like our listeners to remember about what TransUnion Healthcare is doing about this problem?

About Dave Wojczynski

Dave Wojczynski serves as president for TransUnion Healthcare and is responsible for the strategic direction of the healthcare business and expanding its footprint in the healthcare market overall. Prior to his role as president, Wojczynski previously held the title of Senior Vice President and COO at TransUnion Healthcare, leading the operations and service delivery teams since 2010. Wojczynski began his career as a military officer and helicopter pilot after earning his commission from the U.S. Military Academy at West Point. After the military, Wojczynski worked for General Electric (NYSE : GE) where he became an expert Six Sigma professional earning his Black Belt and Master Black Belt certifications.

In 2006, Dave was recruited as the Chief Operating Officer of DAXKO where he held full P/L responsibility. Dave was able to transform the sales, marketing, and product management functions doubling the revenue in less than two years. Dave’s achievements over this period of time earned him a spot on Birmingham’s Top 40 under 40 list of executives. Dave holds a Master of Business Administration from Kellogg Business School at Northwestern University and a Bachelor of Science degree in General Management from the U.S. Military Academy at West Point.

About TransUnion Healthcare

(from https://www.transunion.com/industry/healthcare )

TransUnion Healthcare has enabled our provider partners to recover over $4.3 billion in cash by leveraging our market-leading revenue cycle technologies, extensive consumer data assets, and deep insights into consumer financial behavior and reimbursement methodologies. Our best-in-class data and analytics can help you confidently engage patients early in the financial process, ensure earned revenue gets paid by identifying and maximizing reimbursement opportunities, and optimize collections strategies to streamline processes and reduce costs.

Revenue cycle management begins before a patient walks through your doors and ends when you successfully collect all payments. TransUnion Healthcare Revenue Protection™ solutions prevents leaks in this process by enabling you to:

• Confidently engage your patients early in the financial process to help them better understand the financial aspects of their care, resulting in a stronger likelihood of payment
• Ensure your earned revenue gets paid by maximizing reimbursement opportunities on both uncompensated care and underpaid accounts
• Optimize your collections strategies and reduce costs to collect by segmenting patient accounts into the optimal payment workflow path based on the patient’s unique financial situation

Follow TransUnion on Twitter, Facebook and LinkedIN.

Follow RIP Medical Debt on Twitter and Facebook.

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Joe Lavelle

Editor-in-Chief, Healthcare at intrepidNow

JOE LAVELLE is a Healthcare Management and Technology Consultant with a record of successfully meeting the business and technology challenges of diverse organizations including health plans, health delivery networks, and health care companies for 25 years. Joe worked his way up through Cap Gemini and Andersen Consulting to the partner/VP level of at First Consulting Group, Technology Solutions Group and Santa Rosa Consulting. After running his own company, Results First Consulting, for 12 years Joe Co-Founded intrepidNow with Todd Schnick to create incredible content to dramatically improve the sales and marketing efforts of their clients.

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