Set Clear Financial Expectations for Patients

Even though patients are shouldering greater financial responsibility for their medical care, few have a clear understanding of exactly what their health benefits cover and what they don't. As a result, patients are often confused about their financial obligations when they receive estimates and billing statements from their providers.

To help support patient financial counseling initiatives and better inform patients of their most current benefit status, MPV Patient Portion Pricer's patient friendly statement gives an overview of all deductibles met to date in a simple, easy-to-read format. Every statement is personalized to reflect an individual patient's unique situation, including co-pay and co-insurance levels as well as a glossary of common insurance-related terms so patients can better understand each item and how it impacts the final bill. In addition to facilitating more effective patient-provider communication, this intuitive patient education tool minimizes any frustration patients may encounter when reviewing medical bills to create a more collaborative care experience.

MPV's patient friendly statement also significantly reduces the number of billing inquiries that healthcare providers receive, saving valuable staff time, increasing workflow efficiency and improving overall cash flow.