Emdeon Business Services
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Emdeon Patient Responsibility EstimatorSM
 
Overview

Simplifies the revenue cycle and expedites cash flow

As patient out-of-pocket expenditures continue to rise, healthcare providers are increasingly faced with the threat of uncollectible bad debt. Time and money spent balance-billing to collect patients’ payments at 30, 60, 90 days or more, restrict critical cash flow. To stay competitive, providers need transparency in the price of healthcare, particularly, patient financial responsibility in consumer-directed and other high-deductible health plans.

Emdeon Patient Responsibility EstimatorSM is an innovative tool that enables providers to increase revenue collection, decrease A/R days, and reduce patient bad debt by delivering accurate and timely information about patient collectible amounts. This real-time solution gives quick access to estimates of patients’ out-of-pocket expenses so providers can inform patients of expected costs and collect or hold funds during scheduling, registration, at time-of-service or at check-out.

A unique solution for providers and the entire healthcare industry, Patient Responsibility Estimator utilizes a combination of actual paid claim data, provider contract rates, and current patient-specific benefit and accumulator information to accurately estimate patients’ financial responsibility.




 
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