Point of Care > Best Practices
POC: Presenting Pre-Service Estimates
By implementing collection policies at the point of service can lead to helping you decrease your bad debt. Leading providers use technology and propensity-to-pay scoring systems to set appropriate deposit and payment schedules. Organizations can now equip registrars to conduct financial discussions with patients — discussions that, in the past, might have been reserved for dedicated financial counselors. Another best practice: collecting patient payments at point of service anywhere in the hospital with an e-cashiering method that posts patient payments directly to the patient accounting system.
You will find that typical barriers to expanding pre-service collections include accurately calculating
co-insurance and deductible amounts due, preventing credit-balance situations, and balancing patient satisfaction against higher collections. More complete, credible and defensible estimates, powered by network software solutions, help providers expand their collection activities and provide patients with
precise understanding of their financial responsibilities.
POC: Presenting Post-Service Payment Estimates
Improve the accuracy of patient bill estimates, increase upfront cash collection and reduce bad debt with MedViews’ proven patient liability estimation solution that was designed to help providers manage
and complete all registration activities necessary for financial clearance.