Maximize Point of Service Collections!
The Revenue360® Pricing Estimation module delivers credible patient payment estimates for medical services at or before the point-of-service. Pricing Estimation analyzes historical charges, payer contract terms, and current patient insurance and benefit information to predict what patients are likely to owe for services provided.
The result? Increased collections at the time of service, improved cash flow, and reduced patient receivables and bad debt. And more importantly, Revenue360 Pricing Estimation improves patient to provider relations, by educating the patient on their financial responsibility from the beginning, allowing financial planning with no surprises.
- Integrated with TransUnion’s ClearQuote™
- Print or save a facility customized pricing estimate letter
- Combine both facility and clinic estimates or break out by facility
- Expanded integration with Eligibility Verification, Payment Processing & Payment Assessment
This is how the 5-Step estimation process works: (use arrows below to navigate)
Navigate with the arrows above after pressing start – use the bottom right button for full screen.
Step 1: Patient demographic and service information is collected or auto-populated from the registration system.
Step 2: Procedure and diagnosis codes are collected.
Step 3: Patient insurance eligibility and benefit levels are verified. Benefit information can be transmitted automatically via a direct EDI interface or manually entered.
Step 4: Based on the information entered in the first three steps, an estimate is generated for review.
Step 5: A printable, customizable letter with your practice’s logo and contact information is printed and saved for easy future access. The letter contains the patient’s demographic, procedure, benefit and payment information, which can combine facility and clinic estimates or be broken out by facility.
*HFMA staff and volunteers determined that ClearQuote has met specific criteria developed under the HFMA Peer Review Process. HFMA does not endorse or guarantee the use of these products and services.