Based on which package is right for them, patients have the option to select a 0% interest payment plan or can opt into a low interest payment plan with lower monthly payments.
Ideal for patients with high deductible plans, Choice gives your patients the best base option.
Great for patients with catastrophic bills, Choice Plus will be perfect for your patients to afford higher medical bills at reasonable rates.
This package is designed to be a scalable supplement to provider offered financial assistance policies which improves patient relations. That means happier people and higher collection rates.
Utilizing our proprietary predictive analytics, we’re able to determine a patient’s propensity to pay and adjust the funding to help lower recourse back to you.
97% pay in full
25.5% payment rate
1 Choice 0% interest program
2 Based on inpatient self-pay balances between $1,451 and $5,000 (2017 Crowe Horwath Study).
3-5% recourse
± 15% recourse
Survey finds patients want to talk about coverage and payment options before receiving care, but say providers aren’t initiating those discussions.
Marvin Mickelson, the system director of shared revenue cycle at The University of Kansas Health System (UKHS), recently spoke with HealthLeaders Editor Alexandra Wilson Pecci about the health system’s response to COVID-19
One place where CFOs should shine a spotlight on revenue cycle optimization is around patient payments.
Not sure if Choice is right for your health system?
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