How Integrating Your Patient Financing Program Can Increase Your Revenue

Posted by Jessica Toney | Aug 9, 2019 3:30:31 PM

According to a recent report by Bain, M&A activity has been ramping up in the healthcare industry. Last year, total deal valuation reached an all-time high of $435 billion, an amount that is only expected to increase in 2019 and beyond.

But one big issue with so many merging healthcare systems is that organizations tend to use disparate software programs. These programs need to communicate with one another but are often poor at integration.

You adopted electronic healthcare systems to make your life easier and improve your revenues. Don’t let poor integrative capabilities keep you from achieving that goal.

Luckily, our patient lending program is designed to help address this very problem. Keep reading to find out how we can help you increase profits with our integrative patient financing software.

The Benefits of an Integrated System

When you work with disparate systems, you’re over complicating your daily workflow and risking your margins. The solution? A highly connected group of systems that can actually improve the quality and lower the cost for an episode of care.

And those aren’t the only advantages that come with seamless interoperability. Other benefits include:

  • Faster payment turnaround
  • Spending less time on clerical duties
  • Reducing mailing expenses including paper, stamps, and printing costs

An uninterrupted flow of data further assists practices in streamlining collections, reassuring data security, improving the patient experience, and decreasing the risk of burnout.

What’s better, West Health suggests the healthcare industry could save up to $30 billion every year by improving system integrations.

Patient Financing Software Integrations

Interoperability is vital if you want to be making money, not losing it. But so, too, is a program that gives patients the power to choose how to pay. That’s where patient loans come in.

But what if the medical lending product you use doesn’t integrate well with your billing and practice management solutions? Then you need Epic River’s patient lending program.

Our software supports integrations with the systems you already have in place like AthenaOne and AthenaCollector. Call us today to find out how you can start improving your revenues with our patient financing software.

Topics: Patient Financing

Written by Jessica Toney

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