Payment Assessment
The Revenue360® Payment Assessment module improves efficiency of the hospital's overall collection process by providing the hospital with accurate patient financial health information. Financial data returned is converted into real-time pop-up action messages, which can be tailored based on patient classification, to determine the amount to request at point of service or to start the financial counseling process. This creates a unique situation where the hospital and the patient work together to optimize and align the patient's payment capabilities and the hospital's payment policies.
Payment Assessment enables you to know exactly who your patients are and what they can do financially, giving you the ability to:
- Create, deploy and manage payment policies consistently across your entire revenue cycle
- Access guarantor's credit score, full credit report and other predictive scores, in addition to household income and financial burdens enabling you establish appropriate payment plans
Revenue360® Payment Assessment accelerates up-front cash collection, prioritizes accounts for internal collection, reduces external collection costs and bad debt write-offs, and increases patient satisfaction.