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In order for IPS to perform a credit analysis on you’re A/R for purchase we need a blend of both types of paper, commercial and self-pay balances in order to offer the maximum amount for the purchase price. IPS will purchase accounts from Hospitals and other Medical Facilities, that is seasoned at least 90 days old and up to 310 days old.

Listed below are the data fields that we require in order to perform our due diligence on the aging report we receive. When sending files to IPS for review we request that they be in either excel or access format and sent electronically to chaugan@ipsfn.com

• Detailed aged trial balance
• Claims sorted by financial class
• Claims sorted by aging in (30) increments
• Claims aged 300+ days should be categorized as 300-310
• Current balance due
• Description of financial class codes
• Description of insurance codes

Listed below is the detail required on the patient

• Patient name
• Patient account number
• Discharge date
• Total charges
• Contractual adjustments
• Payments

If aging categories are not available, admit and discharge dates are required. For accounts that IPS purchases we will need the social security number of the patient or guarantor will be required with the patient demographics.