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  • Search keyword:  hospital patient financial summary

Financial Assessment

Determine the patient’s ability to pay and likelihood to qualify for financial assistance, at the point of service.

TransUnion Healthcare Financial Assessment condenses financial data into an easy-to-read format for quick decision-making during registration and financial counseling. Get real-time delivery of the patient’s financial estimates by an alert message that displays in front of the user’s registration screen.

Benefits of Financial Assessment:
  • Increase point-of-service collections
  • Standardize charity care determination process
  • Improve patient satisfaction and workflow efficiency
  • Reduce days in accounts receivable
Couple this solution with TransUnion ClearQuote to determine an estimate of the patient payment for service alongside the patient’s ability-to-pay – right at the point-of-service.
  • Step 1:
    • Patient identity information is sent to TransUnion Healthcare via a standard HL7 feed from your registration system.
  • Step 2:
    • TransUnion compares the patient registration information against multiple data sets and uses the patient’s credit report to calculate financial estimates, including probability of financial aid and likelihood of collections.
  • Step 3:
    • Easily set tailored thresholds, like Federal Poverty Level (FPL) percentage cutoffs, that correspond to decision messages, such as “Pursue Payment Arrangement”.
  • Step 4:
    • Alert messages are displayed in front of the user’s registration screen with the financial estimates and color-coded decision messages based on the thresholds you’ve set.
Easily integrate TransUnion Healthcare Financial Assessment into your existing systems.
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