3 Ways Health Organisations can Prevent Revenue Loss with Patient Estimator Software Tool!

It’s problematic when physicians fail to acquire complete patients’ financial responsibility. Revenue cycle and cash flow are the areas that get directly affected with the patients not paying their share of payments. Why this happens is the reason none other than the inefficient ways of handling billing operations. How many of you discuss with patients their financial responsibility before delivering them care and treatment? An online patient estimator software tool can help!

Collecting Patient Estimates is Easier than Ever

It is needless to mention that manual efforts to list patient estimates takes a lot of time. Additionally, the estimates could not be entirely error-proof. A robust patient estimator, however, can help you with this just with a few mouse clicks. You will collect and view the estimated allowed amounts within no time. Having estimated amounts at your disposal will enable you to use it comprehensively whenever needed.

Allows Sharing Printed Estimates with Patients before Delivering Patient Care

Is there any guarantee of getting paid off by the patients once they are done with the care & treatment? Not really! You will have to resort to writing off the patients’ responsibility if they refuse to pay you. Well, you have a way out with patient estimator software tool! It allows you to access printable batch reports. The reports exhibit estimated amounts that are to be paid by a certain number of patients. It implies that you can process the estimated amounts for bulk of patients, all at once. Either you can email the estimate to patients or can print and show them. It’s that easy!

Consenting to the payment before the visit, patients will have to pay you off later!

Helps Avoid Same or Similar Denials

Same or similar is dreadful! It always hurts when you get paid neither by the patient nor by the payer on having a same or similar denial. Just because you didn’t obtain the patient’s consent to pay the amount if same or similar is found, you would have to bear the loss for the billed amount.  

With this online tool, you can check the same or similar for a certain number of patients and can also send them the status before providing the same or similar item or equipment. Just by being able to look at the same or similar status clearly, you can manage to handle your payments effectively.

Spotlight -  pVerify offers patient estimator tool to physicians and providers to help them with their revenue cycle. This tool can assist in decreasing reimbursements and increasing transparency in cash flow. Check more features here