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AR Burndown That Supports Financial Closure After Legacy System Sunset

Verisma helps healthcare organizations continue A/R resolution after retiring legacy financial systems by keeping archived financial data accessible, searchable, and usable for payment posting, audits, and follow-up.
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Outstanding A/R Shouldn’t Delay System Retirement

Legacy financial systems are expensive to keep fully operational, but outstanding A/R often remains long after a platform should be retired. Teams still need access to financial data for payment posting, reconciliation, audits, statements, and collections, which can delay shutdown and extend unnecessary licensing, hosting, and support costs.

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A Better Way to Finish A/R After Go-Live

  • Provides a dedicated AR Burndown environment for managing legacy receivables after a financial system is retired.
  • Allows teams to access archived financial data, post payments, and continue A/R follow-up without keeping the legacy billing platform live.
  • Supports earlier legacy system shutdown while maintaining access to critical revenue cycle information.
  • Helps organizations achieve a cleaner path to financial closure following major system transitions.
  • Reduces the cost and complexity of maintaining outdated billing platforms solely for long-tail A/R activity.
  • Designed for hospitals, IDNs, and large provider organizations managing legacy receivables after EHR or financial system migrations.

How AR Burndown Works

Archive the Legacy Financial System
Verisma loads a copy of the legacy financial database into the Olah archiving platform so historical A/R data remains accessible after system retirement.
Revenue cycle and finance teams use the archive to search accounts, review balances, and maintain visibility into open and resolved financial activity.
Teams can post payments directly against archived data and continue follow-up as billing activity tapers off, helping organizations shut down the full legacy platform sooner.
The archive maintains financial visibility for audits, reconciliation, reporting, and longer-tail collection activity until the organization is ready to fully close out the remaining legacy A/R.
Verisma Data Archiving Product Sheet

Post Payments. Close Accounts. Retire the System.

Post Payments Without Keeping the Old System Live

  • Continues payment posting against archived financial data
  • Supports A/R follow-up after legacy billing systems are retired
  • Helps organizations shut down expensive legacy platforms sooner
  • Supports cleaner financial closure and account reconciliation
  • Reduces licensing, hosting, and support costs tied to outdated systems

Connect Financial and Clinical Context

  • Links financial records to related clinical documentation
  • Provides access to both financial and clinical context when needed
  • Supports unified ROI packets that combine financial and clinical data
  • Enables compliant release of complete record sets
  • Improves support for billing accuracy, audits, and follow-up activities

Give Teams Visibility and Reporting Throughout the Wind-Down

  • Financial viewers and reporting tools for ongoing A/R management
  • Visibility into account activity and resolution progress
  • Tracks resolved accounts and remaining balances
  • Supports finance, revenue cycle, and operational stakeholders
  • Monitors progress toward final financial closure
  • Provides reporting to support informed decision-making

FAQs

Common Questions About AR Burndown

AR Burndown is the process of resolving outstanding accounts receivable after a legacy financial system has been retired. Verisma’s AR Burndown capability helps organizations keep working that A/R through the archive so they do not have to keep the full legacy billing platform operational just to manage long-tail financial activity.
AR Burndown runs on Verisma’s Olah Archiving Solution and is compatible with many legacy financial environments, including Cerner, Epic, Meditech, and more. Organizations do not need to use the patient viewer or other archive tools to use this module, but they do need the legacy database loaded into Olah. The platform supports flexible flat-file exports, ODBC connections, and can integrate with most external platforms at the client’s request, including flexible API and SMART on FHIR connections for downstream reporting and workflow needs.
Not necessarily. With AR Burndown, teams can access archived financial data and post payments against archived accounts, which can support earlier shutdown of the legacy platform while still allowing continued A/R follow-up.
AR Burndown is best suited for hospital and IDN clients, especially multi-hospital systems and academic medical centers that need to keep legacy financial data accessible after major system transitions. It is particularly valuable when lingering A/R would otherwise force the organization to keep expensive financial systems running longer than necessary.
AR Burndown typically brings together CFOs, revenue cycle leadership, AR managers, legacy AR teams, IT, and compliance stakeholders. It matters across both financial strategy and operational execution because it affects cash recovery, system retirement, access to financial records, and audit readiness.

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