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Patient Estimates and Point-of-Service Collections Solutions

Increase point-of-service collections and improve price transparency and patient satisfaction with patient estimation software.

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Provide Patients with the Most Accurate Estimate Possible

PMMC's HFMA Peer Reviewed patient estimation software enables healthcare providers to engage the patient with an accurate estimate of their financial responsibility, which ultimately increases collections and improves price transparency and patient satisfaction. 

PMMC's patient estimates are driven off the same contract management platform and based on actual contract data, resulting in the highest accuracy rate possible.

4 Metrics of Contract Management 

For healthcare providers struggling to generate consistent revenue growth, establishing a foundation of benchmark metrics for measuring the financial performance of your contract management system can be the difference in driving your bottom line.

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Improve Collections and Reduce Bad Debt

Patient out-of-pocket obligations are at all-time highs and the patient financial responsibility is a growing percentage of every healthcare provider's accounts receivable. The cost to collect these funds continues to grow. To address these dynamics, healthcare organizations need to implement proactive patient financial estimates to capture payments as early in the process as possible.

Research shows that patients want to understand their financial responsibility upfront so they can better budget for their rising healthcare costs. This increases collections for the hospital, thus reducing the amount needed to write off as bad debt.

Better Educate Your Patients

Patients have many concerns about their health and the services they require. Help them to set their expectations and to understand what their financial obligations will be. By informing them of their cost prior-to-service, you allow them to make an educated decision on when they want to receive care. In many cases, providing an upfront estimate not only reduces your bad debt, but it can also help them reduce their out-of-pocket costs.

Produce an Accurate Patient Estimate in Minutes

As a web-based technology, patient estimates allows front-end hospital staff to focus on internal processes and procedures while PMMC maintains the software and data. The application is so intuitive that staff can begin presenting estimates and collecting the patient’s portion at time of service within minutes of completing the training.

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“PMMC is really good at working with you to ensure the enhancements are in the next release of the product; they are very much a partner.“

 

Ohio Health

Increase your patient volume with accurate patient estimates!

Start today and learn how to grow your patient volume while maintaining your revenue stream!

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