Executive Change: RSource Hires David Agarth as Healthcare Division President

BOCA RATON, Fla. — If cash is king for healthcare providers, RSource is king for collecting it. RSource, a receivables management company, announced today that David Agarth joins the team as president of its Healthcare Division. Agarth brings more than 25 years of senior leadership in healthcare financial operations and revenue cycle management including serving as COO for AHC, an international receivables management company.

“Healthcare industry CFOs and CEOs are putting a greater percentage of patient collections into the hands of receivables management companies like RSource,” said Robert Smith, President of RSource. “David’s addition to lead the RSource Healthcare Division gives us the industry leadership and expertise to meet the growing demand for outsourcing as the healthcare industry’s receivables needs transition with the economy.”

Today’s economic environment creates new levels of insurance and other third-party-payer denials and increased self-pay account balances for hospitals and other healthcare providers across the country. RSource creates revenue cycle solutions tailored to each provider’s needs, generating immediate cash collections and sustainable long-term improvements to net patient revenue and cash flow.

RSource offers the healthcare industry receivables management services including:

• Attorney-driven insurance denial and underpayment appeal work
• Self-pay receivables management (first and third party collection services)
• Workers’ Compensation extended business office services
• Motor Vehicle Accident Extended Business Office Services
• Aged A/R account clean-ups and special projects
• Four point revenue cycle analysis
• Hospital reimbursement and denial prevention workshops

More about David Agarth
David served in senior management roles in the healthcare provider setting, as well as in the information technology, revenue cycle, and business process outsourcing (BPO) fields. He is a graduate of California State University, Fullerton and started his career as a Certified Public Accountant with a “Big Eight” firm. Most recently, David served first as CFO and later as COO of AHC, an international healthcare receivables management company. Agarth is a member of the Healthcare Financial Management Association. Connect with David on LinkedIn Profile at http://www.linkedin.com/pub/david-agarth/2/714/a9.

About RSource
RSource provides cost-effective business processing solutions to companies of all sizes across the United States. RSource offers a broad range of services, focused on revenue cycle management and debt purchasing, leased asset management, customer service and claims management, merchant services and credit card processing. RSource specializes in industries such as healthcare, equipment leasing, financial services, manufacturing and distribution. The RSource management team includes CEO and Attorney Larry Reid and President Robert Smith who together previously co-founded AHC, an international healthcare receivables management company. In 1992 Reid and Smith started the AHC venture and grew the company to over 400 employees. In 1999 Reid and Smith sold AHC to a private equity firm. For more information visit: www.rsource.com or call 561-995-1252.