The pace of legislation affecting health care providers, payers and patients is frightening, to say the least. Rapidly rising deductibles are clearly shifting the payment liability from the payers to the patients.
That means hospitals that don’t identify a patient’s ability and willingness to pay up front will write off more and more debt in the future.
AccuReg Financial Assistance Screening assesses each patient’s propensity to pay and provides registrars with appropriate scripts, allowing them to counsel patients and resolve payment issues prior to service.
Having insights about a patient’s financial circumstances allows patient access personnel to quickly and comfortably collect payment up front, propose an appropriate payment plan, convert to charity care or offer some other financial assistance in compliance with your Financial Assistance Policies.
Offering the right payment options for a patient prior to service not only increases your profitability but also establishes a much better relationship and experience for the patient, as well.
AccuReg will help your staff optimize pay plans in real time — making it fast and easy to match patients with pay plans. As a result, your revenue will improve through more front-end payments and less bad debt.
Here are some of the things you can expect from our Financial Assistance Screening Solution:
- 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)
