Patient Financing Programs and Other Innovations in Revenue Cycle Management Services

Revenue cycle management tools are among Deloitte’s top 10 innovations in healthcare.

It’s no wonder since these services improve speed, accuracy, and efficiency in the workplace. From record filing to patient financing, there’s an program to do it for you.

Are you considering making the switch to a fully automated revenue cycle? Check out this guide to current innovations in the sector and what they can do for your practice.

Automated Software to Streamline Patient Access
Automated programs for patient registration, orders, and clearances are reducing healthcare provider risk.

These programs cut back on manual tasks for your employees, including:

• Appointment scheduling and reminders
• Registration
• Patient Admissions

Patient access software use outside data to help eliminate costly manual mistakes. And patients will thank you, too. Studies show that automated access decreases wait times while improving employee efficiency and patient satisfaction.

Maximize Revenue with Claims Management Programs
Claims management software assists hospitals in getting claim coding right the first time.

It integrates with alerts about changing policies and can audit payer performance. You’ll see fewer denials and spend less time refilling claims. Meanwhile, reimbursements come quicker and are more accurate.

Hospitals that implement automated claims can increase revenues. But that’s not all. A study found that these programs reduce clerical duties by lessening the number of claims in manual review.

Patient Financing Software to Increase Collections
Patient financing solutions help hospitals reduce bad debt.

What’s more, you don’t have to deal with debt collection. Instead, patients qualify for loans and financial experts take over the repayment process. That way you’re free to do what you do best.

Epic River’s medical lending program helps increase collections and cut down on accounts receivable days. In fact, we have a proven track record of helping hospitals reduce AR days.

The best part? Our software fully integrates with the innovative systems you’re already using. Learn more about our patient lending program or get in touch to find out how we can help you improve collections.