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:
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.