Patient Access Impact
Revenue Cycle Impact
Hospital Financial Impact
As much as 30% of hospital revenue now comes from patients. That’s more incentive than ever to automate estimation of payments.
Patients want accurate out-of-pocket payment estimates. Delivering that prior to service gives your hospital the opportunity to increase patient satisfaction, collect more revenue up-front and decrease your risk of bad debt on the back-end. It also helps set you apart from other providers.
Using predictive technology, our Payment Estimation tool vests your Patient Access team with integrated Front-End Payment Intelligence™. When our automated software identifies a collection opportunity, a real-time alert goes to your registrar who can print the estimate and share it with the patient, making it easier to explain the costs of care and help collect payment immediately.
Hospital Revenue From Patients
AccuReg Payment Estimation automatically projects liabilities based on payer contract terms. It includes co-pays, deductibles and co-insurance. Private pay estimates are based on chargemaster pricing with optional prompt-pay or self-pay discounts. Payment Estimation pulls information from electronic orders and scheduling and also incorporates claims history, and eligibility and benefits. And it compares actual vs. expected reimbursement and leverages machine learning to adjust the formulas, thereby continually performing better and better.