Point of Service (POS) Collections
Medical industry surveys reveal that providers who don't employ up-front patient collections policies often collect only 50% to 60% of patient responsibilities. Our patient estimator application allows the hospital and patient to address this challenge together.
The estimation tool facilitates the conversation with your patient prior to service by clearly explaining their financial obligation through an estimate of the amount a patient will owe in total and what is required to be paid at the time of service. Requesting a portion (or all) of this amount at that time will allow the hospital to
• Realize an immediate, substantial cash flow increase
• Decrease your Days in A/R
• Reduce collections costs