Tag: patient financial clearance
Discover how healthcare providers can use data-driven technology to prevent surprise billing and create high-quality patient experiences.
Learn how providers can find efficient ways to screen for charity care eligibility and remain compliant with new regulations.
Learn how healthcare providers can ease financial pressures on consumers by introducing transparent pricing and improving patient payments.
Discover 3 smart investments healthcare providers can make to help tackle the challenges associated with price transparency rules.
Learn how providers can create a compassionate financial experience and maximize collections with Patient Financial Clearance.
To ensure the patient’s financial journey goes ahead without a hitch, follow this 10-step healthcare revenue cycle flowchart.
As COVID-19 funding comes to an end, healthcare organizations must be extra vigilant to find missing insurance coverage for COVID-19 care.
Patient identity management remains a major challenge for healthcare providers. Learn how to unlock the power of data to deliver better care.
for our upcoming webinar with Banner Health, where attendees will gain insights into the organization's workflow and processes. It is estimated that 30-50% of denied claims occur on the front end during the patient access process, namely during registration, authorization and eligibility. Unfortunately, manual patient intake processes contribute to these denials, and ultimately, the bottom line, staff productivity and the patient experience take the hit. Banner Health chose to automate its patient access processes with eCare NEXT from Experian Health. The solution, which integrates directly with Banner Health’s acute and ambulatory electronic health records (EHRs), automates the organization’s preregistration workflow, including medical necessity and financial clearance. This improves registration accuracy, provides more accurate patient estimates and reduces the number of denials on the front end. Banner Health has benefited by incorporating a mix of Experian Health products that integrate directly and collaborate with other technologies and workflows already in place: Decrease in eligibility errors. With eCare NEXT, initial denials due to eligibility errors have been reduced by $30M in the first quarter alone since going live with Experian Health. Significant cost savings. With more accurate estimates, Banner Health has seen significant cost savings on the front end from more efficient coverage discovery. The system is consistently finding 30+% unique or new coverage in the patient access workflow. Improved staff engagement and satisfaction. Automation has greatly reduced manual inputs, enabling staff to focus more on the patient rather than systems and logins required for patient intake. Our partnership with Experian Health helps Banner Health's revenue cycle team deliver on its mission of “getting it right, at the right time, every time." — Becky Peters, Executive Director of Patient Access Services, Banner Health