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With today’s complex health services contracts, most medical practices can’t accurately calculate and collect the patient’s portion of the bill at the time of service because they don’t know how much the insurance company will allow. As a result, many hold off on sending patient bills until the insurance company pays the claim. At best, this delays cash receipts from patients. At worst, it kicks off an endless cycle of billing, collections and misunderstandings about how much patients owe.
With Patient Portion Pricer, your medical group can accurately calculate insurance allowables before or at the time of service. Then, using applicable deductibles, co-insurance and other patient responsibilities, you can determine the patient’s portion, eliminating payment delays and increasing time of service collections. Patient Portion Pricer also allows users to:
- Build net cash receipts
- Reduce costs for patient billing and collections by collecting more upfront
- Minimize billing hassles and improve patient satisfaction
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