Get the data and analytics you need to increase cash collections, reduce bad debt and lower cost-to-collect
With patients owing more and more in out-of-pocket costs, your ability to efficiently collect balance-after-insurance and reduce bad debt becomes even more critical. TransUnion offers a suite of self-pay collections solutions that leverage credit and non-credit data sources, highly predictive decisioning models, and account segmentation tools to improve staff productivity and ensure collection treatment strategies are tailored to the patient’s unique financial situation.
Additionally, our solutions help you comply with 501(r) reporting requirements by enabling your collectors to identify which self-pay accounts can be segmented for collections and which accounts can be presumptively qualified for charity care.
With patients taking on more financial responsibility for medical costs, providers are under pressure to make smarter decisions that improve collections and reduce bad debt. And the key to making smarter decisions is more intelligent data.
Easily confirm patient contact information
Reduce your returned mail expenses
Determine presumptive charity care
Balance your community benefit
Rank self-pay accounts by likelihood of payment
Allocate billing staff resources more efficiently