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Patient registration software to improve patient intake

Learn more about how patient registration software can reduce manual errors and set the stage for a better patient journey.

Published: Apr 15, 2024 by Experian Health

Case study: How UCHealth wrote off $26 million in charity care with Patient Financial Clearance

“I love the availability of the Experian team. They are quick to solve any issue and get you back up and running in no time.”—Andrew Pederson, Director of Patient Experience, UCHealth Challenge UCHealth, in Aurora, Colorado, is an integrated system of 12 hospitals and more than 30,000 employees. When the state of Colorado released data on non-profit hospital charity care and community benefits, UCHealth's spending was lower than anticipated despite having policies on equitable charity care in place. Additionally, the state was about to implement new legislation on charity care, setting a cap on charges for low-income patients. UCHealth proactively sought to revamp how they handled charity care in preparation for higher patient volumes in the future. The organization decided to review its charity policy and processes. After examining other providers, UCHealth determined that it lacked presumptive charity functionality early in the patient encounter. New technology would help patients avoid the accrual of unpaid medical bills and keep UCHealth from accruing bad debt. Solution UCHealth added Patient Financial Clearance in 2023 after their favorable experiences with Experian Health's Coverage Discovery® and Insurance Eligibility Verification. Patient Financial Clearance allowed the provider a more nuanced understanding of each patient's ability to pay by going beyond their reported income to look at the Federal Poverty Level ratio and their propensity-to-pay. The technology used powerful analytics to create a Healthcare Financial Risk Score, encompassing historical credit activities, including payment of past medical bills. Importantly, Patient Financial Clearance helped UCHealth staff determine options for financial assistance automatically, without relying on the patients themselves. Automation in the platform reduces time spent per encounter, improving the patient and staff experience and, ultimately, the bottom line. Case study: How UCHealth secured $62M+ in insurance payments with Coverage Discovery Discover how Experian Health's Coverage Discovery helped UCHealth create a more streamlined approach to verification and billing. Outcome Thanks to Patient Financial Clearance, UCHealth achieved the following results: $26 million in disbursed charity care. More than 1,700 patients covered. 600 charity cases closed in one month alone (August 2023). Overall, Patient Financial Clearance helped UCHealth create a more streamlined approach to providing charity care to patients who need it. The technology integrates easily with the provider's electronic health record (EHR) system, eliminating the back-and-forth between multiple systems during patient registration. Identifying patients who need financial assistance saves the UCHealth team from misclassifying them as bad debt, minimizing financial losses on the organization while improving their overall experience. Andrew Pederson, Director of Patient Financial Experience at UCHealth, highly recommends this software and the team that provides it, stating, “I love the availability of the Experian team. They are quick to solve any issue and get you back up and running in no time.” For providers seeking to streamline the revenue cycle, Pederson says, “Get out of your own way and just do it.” Learn more about how Patient Financial Clearance streamlines patient charity screening while maintaining an outstanding experience at every step of the encounter. Learn more Contact us

Published: Apr 11, 2024 by Experian Health

Understanding medical billing basics for financial success

In this blog post, learn about the basics of medical billing in the revenue cycle and how it helps providers improve patient collections.

Published: Apr 09, 2024 by Experian Health

Claims technology as a game-changer for efficiency

Learn about the challenges in traditional claims processing and how AI-based claims management technology can drive revenue cycle efficiency.

Published: Apr 03, 2024 by Experian Health

Case study: How IU Health processed $632 million in claims transmissions in one week with ClaimSource

Discover how ClaimSource solution helped IU Health process $632 million in claims transmissions in just 1 week after a halt in operations.

Published: Apr 01, 2024 by Experian Health

Streamline coordination of benefits (COB) for fewer claim denials

Learn more about coordination of benefits (COB), why its important, and how Experian Health’s new solution can help.

Published: Mar 27, 2024 by Experian Health

Benefits of medical insurance verification software

Learn about medical insurance verification software, how it works, the benefits, and things to consider when selecting the right solution.

Published: Mar 25, 2024 by Experian Health

Obliterate claim denials with a modernized patient access engine

In a recent webinar, industry experts at Experian Health discussed strategies for healthcare providers to tackle claim denials head-on.

Published: Mar 21, 2024 by Experian Health

Patient access technology: how it creates better patient experiences

The patient experience is about more than providing quality care—it’s also about opening a digital front door with patient access technology.

Published: Mar 18, 2024 by Experian Health

How IU Health transformed patient scheduling with automation

Learn how IU Health partnered with Experian Health to reduce scheduling errors, scale their operations and optimize staff efficiency.

Published: Mar 13, 2024 by Experian Health

Causes of healthcare staffing shortages and how technology can help

This article dives into the causes of healthcare staffing shortages and how automation can address these problems effectively.

Published: Mar 12, 2024 by Experian Health

Integrating AI and automation in your revenue cycle

To keep productivity high and resource costs low, here are four ways artificial intelligence and automation can help improve revenue cycles.

Published: Mar 04, 2024 by Experian Health

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