Walter Schmidt Email & Phone Number

Baltimore, Maryland Area

*Conduent spun off of Xerox, Inc. in January of 2017, forming its own startup company.*- Responsible for managing and growing an insurance overpayment recovery unit with $4MM payroll, dedicated to credit-balance operations for the largest U.S. health system - Ongoing, executive-level hospital PFS client interaction to ensure proper balance between demanding revenue-cycle objectives, matched with internal profitability goals- Fully manage executive-level insurer-client… Show more *Conduent spun off of Xerox, Inc. in January of 2017, forming its own startup company.*- Responsible for managing and growing an insurance overpayment recovery unit with $4MM payroll, dedicated to credit-balance operations for the largest U.S. health system - Ongoing, executive-level hospital PFS client interaction to ensure proper balance between demanding revenue-cycle objectives, matched with internal profitability goals- Fully manage executive-level insurer-client relationships to meet challenging cost-savings goals within their respective Payment Integrity departments - Responsible for process improvement, staff management/reorganization/restructuring, budget management, client management, project management Show less

*Xerox, Inc. purchased ACS, Inc.* - Responsible for managing and growing an insurance overpayment recovery unit with 80+ FTE’s, dedicated to credit-balance operations for the largest U.S. health system - Recovered over $100MM in insurance overpayments annually, resulting in immense cost-savings for insurance clients- Exceeded all performance expectations, growing unit by over 300%- Strengthened hospital revenue cycle efficiency through vendor utilization by… Show more *Xerox, Inc. purchased ACS, Inc.* - Responsible for managing and growing an insurance overpayment recovery unit with 80+ FTE’s, dedicated to credit-balance operations for the largest U.S. health system - Recovered over $100MM in insurance overpayments annually, resulting in immense cost-savings for insurance clients- Exceeded all performance expectations, growing unit by over 300%- Strengthened hospital revenue cycle efficiency through vendor utilization by reducing FTE costs on credit-balances, shifting FTE costs instead to collections-based tasks- Performed ongoing, Executive-level client interaction to ensure proper balance between demanding hospital revenue-cycle goals and objectives, matched with aggressive internal profitability goals- Managed insurer-client relationships to meet challenging cost-savings goals within their Payment Integrity departments Show less

*ACS purchased CDR Associates in 2007. ACS was later purchased by Xerox, Inc.*- Pioneered Alabama operations from startup, including cold-calling provider Patient Financial Services Directors, hiring, training, and implementing all operational aspects within the state while meeting demanding recovery and profitability goals- Expanded operations within Georgia, Florida, and Louisiana to meet demanding recovery and profitability goals - Helped improve internal hospital… Show more *ACS purchased CDR Associates in 2007. ACS was later purchased by Xerox, Inc.*- Pioneered Alabama operations from startup, including cold-calling provider Patient Financial Services Directors, hiring, training, and implementing all operational aspects within the state while meeting demanding recovery and profitability goals- Expanded operations within Georgia, Florida, and Louisiana to meet demanding recovery and profitability goals - Helped improve internal hospital revenue-cycle processes through the use of automation, allowing more efficiency in resolving patient refunds, contractual adjustments, and insurance correspondence- Strengthened hospital revenue cycles by reducing FTE costs on credit-balances, shifting FTE costs instead to collections-based tasks through the implementation of CBAS software and vendor utilization - Managed utilization of offshoring unit in Guatemala City, Guatemala to improve revenue-cycle efficiency - Sold and managed overpayment recovery services to insurers - Completed extensive national business travel 100+ nights/year Show less

- Managed overpayment recovery and state-wide credit-balance operations for Florida, Virginia, and Illinois - Managed budgets, exceeded demanding productivity goals, and achieved high profitability margins- Traveled and marketed CDR’s proprietary software, CBAS, which was designed to allow hospitals to more effectively manage their credit-balance inventory

Hunt Valley, Md

- Pioneered Stanford University (CA) project, with the responsibility of: implementing overpayment recovery and credit-balance operations, training analysts, and performing CBAS software training at provider’s central business office- Helped improve internal hospital revenue-cycle processes through the use of automation, allowing more efficiency in resolving patient refunds, contractual adjustments, and insurance correspondence- Completed extensive national business travel… Show more - Pioneered Stanford University (CA) project, with the responsibility of: implementing overpayment recovery and credit-balance operations, training analysts, and performing CBAS software training at provider’s central business office- Helped improve internal hospital revenue-cycle processes through the use of automation, allowing more efficiency in resolving patient refunds, contractual adjustments, and insurance correspondence- Completed extensive national business travel 100+ nights/year Show less

Hunt Valley, Md 21030

- Performed on-site, overpayment recovery and credit-balance services at large hospital systems throughout the U.S., including St. Barnabas (NJ), Partners Healthcare (MA), Advocate Health Care (IL), Jackson Health (FL), Hospital Corporation of America (HCA) (VA), Medical College of Virginia (VA), Sentara Healthcare (VA), INOVA (VA), amongst others- Trained newly-hired overpayment Recovery Analysts- Completed extensive national business travel 100+ nights/year