How much would collecting 78% of your patient payments within 30 days impact your Accounts Receivables?

With an industry average of 45-60 days just to collect less than 20% of patient financial responsibility, healthcare providers need solutions that focus on counting payments, not statements. PatientPay has results driven innovation that communicates with patients quickly, clearly and effectively, driving more payments…faster. A recent joint study with one of our RCM partners showed 46% of payments being taken in less than 10 days and 78% of payments in less than 30 days, significantly improving accounts receivables for their physician group clients. Further analysis of overall collections showed an increase in total payments of over 50% when compared year over year.

Along with top-line impact, the right solution can decrease costs by reducing paper statements and customer service calls. The same study showed a 43% decrease in paper statements across the RCM partner’s base. These benefits also indicate happier patients and happier partner staff. PatientPay’s solution was designed to eliminate the friction that has historically prevented healthcare provider groups and hospitals from maximizing returns for patient financial responsibility. We’re so confident in our results that we’ll guarantee it.

Visit us at?https://www.patientpay.com/contact?or send us a note at [email protected]?to learn more.

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