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Finvi's Velosidy Platform Revolutionizes Medical Debt Collections

In a recent announcement, Finvi, a well-established leader in enterprise workflow automation software, has unveiled notable enhancements to its Velosidy® platform, specifically designed to assist agencies in the collection of medical debt. This expansion emphasizes Finvi’s commitment to adapting its technology for the unique challenges that arise in the healthcare sector, particularly in the realm of medical debt collections.

A Legacy of Success

For over 45 years, Finvi has provided innovative solutions for revenue recovery across various sectors including healthcare and financial institutions. Tim O'Brien, Finvi's CEO, expressed enthusiasm about the new Velosidy features, stating, "Finvi's software has offered features and functionality that have facilitated the collections of medical debt for decades. Our extensive knowledge in this market is reflected in the recent upgrades to Velosidy, enabling more effective collection strategies that account for the complex regulations surrounding medical debt."

New Features to Enhance Performance

The newly updated Velosidy platform includes a variety of advanced features tailored specifically for medical debt collection agencies:

• - Custom Account Screens: Designed with a focus on medical debt collections, these screens facilitate easier management and tracking of individual accounts.
• - Improved Status Codes: Enhanced capability for agents, allowing for better record maintenance and auditing processes.
• - Expanded Financial Tools: Modern approaches to collecting debts, tailored to meet the needs of varying financial scenarios.
• - Refined Configuration Settings: Optimized settings for better record management ensuring compliance with industry standards.
• - Streamlined Workflows: Tailored workflows that enhance efficiency in medical debt collections.
• - Integrated Dashboards: Advanced reporting capabilities specific to medical debt, providing valuable insights and analytics.

Jay Garmon, Vice President of Product Management at Finvi, highlighted the benefits of Velosidy’s updated architecture and user interface, which ultimately empower clients to improve agent performance. "With Velosidy's intelligent workflow actions, our clients will see enhanced efficiency and productivity, allowing them to collect medical debts faster and more effectively."

Upcoming Webinar for Industry Insights

In addition to these improvements, Finvi is hosting a webinar on February 19 that will delve into the specifics of medical debt collections using the Velosidy platform. This will be an excellent opportunity for stakeholders in the healthcare finance space to engage with experts and discover the powerful capabilities of Velosidy in streamlining their collection processes.

Journey Towards Greater Innovation

Finvi’s commitment to innovating its SaaS-based Velosidy platform showcases their understanding of the ever-changing landscape of medical debt and collections. By integrating cutting-edge technology, including AI-driven segmentation and a native payments solution, they are ensuring that clients can navigate their collections more effectively, shedding light on cost and operational efficiencies.

As Finvi continues to grow and adapt, their dedication to enhancing revenue recovery solutions reflects a deep understanding of the industry's unique challenges. For more information on Finvi and their latest offerings, visit Finvi's Website.