Collections Optimization Manager
Data analytics-driven, self-pay receivables management solution that improves the patient's and staff’s experience with a customizable collection strategy, from account creation to zero balance.
From screening and segmenting to vendor collection and monitoring unpaid accounts, now you can leverage actionable insights to direct your teams and agencies to collect the highest amount of payments.
Predictive algorithms and data-driven rules help you route and distribute accounts to the right collectors and agencies, so you can stay focused on your patients.
Work hand-in-hand with an experienced optimization consultant, who will recommend tailored collection strategies, evaluate data and provide valuable industry insights.
How Advocate Aurora Healthcare has achieved double-digit increases in patient collections every year with Collections Optimization Manager.
A challenge that makes the case for Experian’s Collections Optimization Manager is reducing our cost to collect. It has helped us reduce or avoid any contingency fees from our third-party collection vendors. That’s by utilizing the reporting platform so that we can manage their contingency fees as well as their liquidation rates.
Experian Health’s scoring and segmentation strategy has been a key driver in Stanford Health’s collections strategy, leading to a $4.1 million increase in average monthly payments over a trailing three-year average from 2019 to 2021.
Since introducing scoring and segmentation tools, University of Utah Health has seen a 9.4% increase in average monthly patient payments.
Since working with Experian Health, Sanford has implemented a focused approach to managing accounts receivable (AR) by identifying patients with a certain propensity to pay.
As healthcare labor shortages continue, how can providers maximize the return on their investment in automation?
See how providers are shoring up their collections efforts with automated solutions, especially as consumer behavior returns to pre-pandemic patterns.