Auto-Patient Payments
In case of high-liability patients, the trick is to not chase the money later on, but taking proactive, evasive action against potential defaults. This can save you time and trouble, besides not making an enemy out of your patients, since you do need their continuing business.
Our ChoicePay service allows you to devise a systemic approach to collecting balances from patients with high liabilities. There will be no redundant billing items, but only cash flowing into your account through an automated process. Call us today to schedule a free demo.
New ChoicePay
Designed to help your practice or small business collect what is owed you
Better for your patients, better for your business.
Utilizing our sophisticated web-based patient payment estimator and payment accelerator, your organization can reduce patient bad debt, get paid quicker and increase patient satisfaction while saving time and money.
Increase patient satisfaction
Reduce patient bad debt by as much as 75%
Get paid as much as 60 days quicker
Reduce billing, collection and statement costs
Clearly innovative, clearly beneficial.
The ChoicePay Payment Accelerator is a PCI and HIPAA complaint web-based application designed to facilitate the collections of the patient's portion of their healthcare bill. The ChoicePay Payment Accelerator works with any practice management system and can:
>> Be utilized at check-in, check-out and to manage existing accounts receivable
>> Calculate out-of-pocket expenses at the point of care
>> Generate a patient-friendly payment agreement for your patients to sign
>> Securely store capture payment information (credit cards/E-checks) for payments
>> Automate payment plans for self-pay patients or patients with large balances
>> Provide a provider branded Patient Payment Portal
Market Overview
According to recent studies by the AMA, Celent, Mercer Benefits and the Commonwealth Fund;
>> Bad debt associated with patient liabilities ~50% (AMA)
>> In 2007, patients were responsible for 12% of healthcare expenditures, by 2012 it will be 30% (Celent)
>> 55% of Americans with insurance have an average out-of-pocket expense of $2,500 (Mercer)
>> 91% of Americans want to know about their healthcare costs prior to receiving care (Commonwealth Fund)
As the above research reflects, the patient liabilities are and will continue to increase due to the ever changing healthcare market. This harsh reality is and will continue to have a growing impact on all health and dental care practices, regardless of specialty.
The key to getting this important issue under control for any practice is through the establishment of a systematic, automated system that will allow you to reach an agreement with your patients at the point-of-care. Our new state-of-the-art ChoicePay system/service provides the much needed solution to this growing dilemma for all practices.
In case of high-liability patients, the trick is to not chase the money later on, but taking proactive, evasive action against potential defaults. This can save you time and trouble, besides not making an enemy out of your patients, since you do need their continuing business.
Our ChoicePay service allows you to devise a systemic approach to collecting balances from patients with high liabilities. There will be no redundant billing items, but only cash flowing into your account through an automated process. Call us today to schedule a free demo.
New ChoicePay
Designed to help your practice or small business collect what is owed you
Better for your patients, better for your business.
Utilizing our sophisticated web-based patient payment estimator and payment accelerator, your organization can reduce patient bad debt, get paid quicker and increase patient satisfaction while saving time and money.
Increase patient satisfaction
Reduce patient bad debt by as much as 75%
Get paid as much as 60 days quicker
Reduce billing, collection and statement costs
Clearly innovative, clearly beneficial.
The ChoicePay Payment Accelerator is a PCI and HIPAA complaint web-based application designed to facilitate the collections of the patient's portion of their healthcare bill. The ChoicePay Payment Accelerator works with any practice management system and can:
>> Be utilized at check-in, check-out and to manage existing accounts receivable
>> Calculate out-of-pocket expenses at the point of care
>> Generate a patient-friendly payment agreement for your patients to sign
>> Securely store capture payment information (credit cards/E-checks) for payments
>> Automate payment plans for self-pay patients or patients with large balances
>> Provide a provider branded Patient Payment Portal
Market Overview
According to recent studies by the AMA, Celent, Mercer Benefits and the Commonwealth Fund;
>> Bad debt associated with patient liabilities ~50% (AMA)
>> In 2007, patients were responsible for 12% of healthcare expenditures, by 2012 it will be 30% (Celent)
>> 55% of Americans with insurance have an average out-of-pocket expense of $2,500 (Mercer)
>> 91% of Americans want to know about their healthcare costs prior to receiving care (Commonwealth Fund)
As the above research reflects, the patient liabilities are and will continue to increase due to the ever changing healthcare market. This harsh reality is and will continue to have a growing impact on all health and dental care practices, regardless of specialty.
The key to getting this important issue under control for any practice is through the establishment of a systematic, automated system that will allow you to reach an agreement with your patients at the point-of-care. Our new state-of-the-art ChoicePay system/service provides the much needed solution to this growing dilemma for all practices.
ChoicePay - Automated Patient Collections
