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  • Search keyword:  hospital collections financial screening

Financial Assessment (Batch)

Discern true charity care from bad debt and more easily comply with IRS 990

TransUnion Healthcare Financial Assessment reviews aged self-pay accounts for eligibility in financial assistance or charity care programs based on the Federal Poverty Level (FPL) percentage.

Benefits of Financial Assistance (Batch):
  • Comply with IRS 990
  • Increase net revenue
  • Decrease bad debt and claims denials
  • Lower cost-to-collect
  • Reduce days in accounts receivable

Data elements delivered

  • Indicative information:
    • Name
    • Date of birth
    • Social Security number
    • Address
  • FPL percentage
  • Available credit

Improve your financial assessment processes with minimal changes to your existing systems.

  • Step 1
    • A batch extract report of all open self-pay accounts is created in your patient accounting system.
  • Step 2:
    • File is sent through secure FTP to TransUnion Healthcare for analysis.
  • Step 3:
    • The patient’s likelihood to qualify for entitlement or charity care programs is calculated using their credit report and our patented data analysis.
  • Step 4:
    • Return file is sent back through secure FTP with account-level information.
  • Step 5:
    • The FPL percentage and other decision indicators allow you to re-assign the account to the appropriate designation, such as charity care.
Easily integrate TransUnion Healthcare Financial Asssessment (batch) into your existing processes.
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