Red Dot
Michael Bumann is an accomplished leader in healthcare FinTech with over 20 years of experience, particularly in improving outcomes for the First Responder community. As the Founder and Chief Executive Officer of Red Dot since September 2014, Michael has driven innovation in Motor Vehicle Accident account resolutions, benefiting both hospital clients and patients. Previously, Michael founded TPL Healthcare Solutions, LLC, focusing on financing platforms for third-party liability accounts in rehabilitation and related fields, and served as Chief Operating Officer and Co-Founder of Preferred Healthcare Funding, LLC, where innovative solutions were developed for patient accounts receivable management. Additionally, Michael established Innovative Healthcare Financing Group, LLC, which transformed healthcare financing in Colorado amid significant legislative changes.
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Red Dot
Imagine a solution that boosts your hospital’s bottom line, reduces FTE costs, and makes you a hero to your patients. That’s precisely what the “REDDOT Solution” provides – at no cost. In the realm of self-pay and patient responsibility Motor Vehicle Accident (MVA) accounts, REDDOT stands as the exclusive technology-driven acquisition solution for hospitals. Our innovative system empowers hospitals to swiftly convert MVA accounts into immediate and recurring revenue streams, unlocking millions of dollars from extremely complex and time-consuming claims – while fostering a profoundly positive impact on their patients’ lives and relationships. Margin Facilitates Mission. Together, we can achieve financial success while prioritizing compassion and empathy at every step. What sets the “ REDDOT Solution” apart is our ability to: Elevate Hospital Revenue-Quickly: We empower our hospital clients to quickly generate millions in non-recourse revenue. The largest revenue gain is our first acquisition when we convert the existing 2.5 years of aged MVA accounts and continues every month with ongoing accounts. Insanely Easy. REDDOT uses your existing EHR system, logging in like a remote employee – there’s no need for software or implementation costs. Enhance and Improve Patient Lives: At REDDOT, we’re not just focused on financial gains. We genuinely care about improving the lives of patients. By choosing our solution, hospitals can spare patients from the undue stress and shame associated with traditional debt collection methods. Together, let’s achieve financial success with compassion and empathy.