Having access to this type of information helps increase your patients’ trust in you and your practice and optimizes the entire payment process. Patients will have access to co-pay, deductible, and co-insurance amounts, as well as care cost estimates at various stages throughout the patient journey. Health iPass allows for price transparency between you and your patients through a variety of tools. Research has shown that practices who work with Health iPass have seen a 97% residual balance collection rate. Doctors are also able to automatically bill the credit card on file, so that there is no confusion when organizing payments. A COF system reduces the time taken to collect patient revenue as well as the cost of collection. When patients leave your office without paying for that day’s services, they must be mailed a bill, which oftentimes does not get paid right away or even at all. Streamlining the patient revenue process at your practice will be beneficial to you in the following ways: Increases Income Credit cards are the #1 preferred payment method for patients, so this type of system is sure to be well-received by those who frequent your practice. This will essentially involve implementing a kiosk in your office where patients can keep their credit cards on file and pay quickly and easily immediately following their appointment. Once these are in place, Health iPass will help your orthopedic practice establish a COF (card-on-file) system. The first facet of the solution is for the provider to establish front-end best practices that support all of the processes that go on behind the scenes.
#Health ipass careers full#
In order to address these issues and ensure that orthopedic practices receive compensation for the full extent of services provided, Health iPass works towards a two-fold solution.
Health iPass is a clear solution to this complex issue, and can help orthopedic providers collect up to 95% of the revenue they should be receiving. In fact, doctors and providers have been shown to lose around 5 to 6% of their revenue each year, which can have detrimental effects on an orthopedic practice.
Since many people face financial struggles, the breakdown of payment is often disorganized and inconsistent, which has made provider collection of out-of-pocket costs more difficult. Out-of-pocket costs for patients have also increased by 9% since 2012, and in 2 out of 3 office visits, nothing is collected at all. Five years ago, the majority of revenue collected by providers came from insurance companies, but in 2019, the distribution has shifted, and around one-third of revenue comes directly from the patient. The way that the average person handles healthcare costs is changing. When you trust HIS with your orthopedic practice’s revenue cycle management, you will receive the convenience of Health iPass at no additional cost. HIS is proud to partner with Health iPass, a system designed to optimize the patient revenue cycle and ensure that orthopedic providers collect all owed revenue from patients. When steps of this process are overlooked or done incorrectly, healthcare providers may face decreased profitability and reimbursement for the services they provide. and Healthipass Inc.Navigating the patient revenue cycle is something that all Orthopedic practices must become proficient in to gain a profit. Health iPASS may also be known as or be related to Health iPASS, Health iPASS Inc, HealthiPASS Inc., HealthiPASS, Inc. The data presented on this page does not represent the view of Health iPASS and its employees or that of Zippia. None of the information on this page has been provided or approved by Health iPASS. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets.
The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at Health iPASS. Zippia gives an in-depth look into the details of Health iPASS, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Health iPASS.
0 kommentar(er)
