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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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