Pricing Estimator
Healthcare providers struggle to establish their patients' out-of-pocket responsibility for specific procedures. Patients do not want to know how much their procedure will cost, they want to know how much it will cost them. With the higher percentage of patient financial responsibility included in the cost of healthcare, now more than ever providers must find a way to adjust the timing of patient collections with accurate data.
The Revenue360® Pricing Estimator module applies intelligent logic by calculating procedural charges, analyzing historical data, evaluating contract pricing between your organization and the payer, and applying patient insurance benefit information to establish an estimated patient financial obligation at the earliest point of patient contact.
The result? Increased collections at the time of service, improved cash flow, and reduced patient receivables and bad debt. And more importantly, Revenue360 Pricing Estimator improves patient to provider relations, by educating the patient on their financial responsibility from the beginning, allowing financial planning with no surprises.