Rising patient out-of-pocket costs can lead to increased uncompensated care. Our Patient Payment Estimation solution delivers a more transparent patient financial experience by providing them accurate out-of-pocket cost estimates for medical services in advance. Engaging patients early has the following benefits:
Empower your staff with the confidence to ask for payments up front with easy-to-understand estimate letters.
Enhance staff efficiency by automating the financial clearance process and reducing human errors in the registration process.
Help foster informed patient healthcare decisions with a thorough understanding of out-of-pocket costs.
Patient Payment Estimation uses a fully-automated, contracts-based engine that produces individual or combined patient estimates with:
Gain a deeper understanding of patient payment estimation performance and trends to optimize processes and to improve patients' financial experience. Analyze estimates data to uncover trends that impact efficiency and accuracy, including:
Patient Payment Estimation, part of TransUnion Healthcare’s ClearIQ® web-based platform, simplifies and improves the process to complete a patient estimate with an exception-based workflow that offers:
“ClearIQ© makes it easier for our staff to create accurate estimates and ask patients for their financial responsibility prior to service. Our staff likes ClearIQ because it provides an estimate letter that’s easy for them to explain to patients, and patients are appreciative that we’re showing them what they’re actually paying for up front. Banner increased POS collections by 42.2% from 2013 to 2017, after ClearIQ implementation.”
Jeni Erikson, Senior Director, Patient Financial Services, Banner Health
A leader in healthcare revenue protection solutions
Serving more than 1,800+ hospitals and health systems
Access to data on an estimated 500 million credit histories
Five technology patents and three pending for maximizing reimbursements to optimize the healthcare revenue cycle
42%+ improvements in hospitals’ point-of-service collections*
Connected to 845+ payers, covering 98% of insured lives in the U.S.
1 HFMA staff and volunteers determined that this product met specific criteria developed under the HFMA Peer Review process. HFMA does not endorse or guaranty the use of these products.
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