Everyone likes options — including the 30% of your patients who could have paid up front but weren’t offered payment plans or financial assistance.
With more of the burden to pay falling on the backs of patients due to higher deductibles and increasing co-pays, it is necessary for your hospital to identify the patient’s ability and willingness to pay prior to the delivery of care — or find yourself writing off more and more bad debt every year.
The AccuReg Financial Assistance Screening Solution solves this problem by providing payment options using an automated screening process that guides your Patient Access staff in finding the best ways to match patients to appropriate payment options.
Once your staff understands a patient’s financial circumstances, they can determine the best course of action to support payment in a way that complies with your hospital’s financial assistance policies — whether that’s to attempt to collect the patient’s payment, offer a payment plan, convert to charity care or offer financial help.
The AccuReg Financial Assistance Screening Solution includes:
- Patient ability-to-pay segmentation screening
- Approved discounts, payment terms and loans
- Pre-screening for presumptive charity and eligibility
- Consistent application of financial assistance policies
- Automated workflow in compliance with 501(r)