Channel Sponsor - Coding/Billing/Collections

Sponsored by National Medical Billing Services | | (636) 273-6711

New patient financing tool helps providers boost self-pay collection rates

CarePayment, a patient financing provider, has expanded its point-of-service features and tools to help providers capture greater patient self-pay collection rates.

Collections more than double when patients are offered CarePayment's 0 percent APR payment programs early in the revenue cycle when compared to collection rates from in-house payment plans, according to the report.

CarePayment created a web-based tool for early activation, which allows front-line staff members to immediately verify patient identity. The tool also generates a letter informing the patient of the financing program with a customized estimated balance and minimum payment information.

More Articles on Coding and Billing:
4 Questions to Ask Before Purchasing an EHR
3 Things to Know About ICD-10 Dual Coding
2 Tips for EHR Implementation at ASCs

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months