Payspan launches tool to assess patients' ability to pay medical bills

Payspan, a provider of electronic healthcare payment solutions, has launched a patient financial engagement tool to help providers assess patient financial responsibility at the outset of care.

Below are four things to know about the new offering.

1. The PFE platform generates and archives patient financial information for front-desk staff in real-time.

2. To help providers assess and determine a patient's financial responsibility, the platform allows staff to see past medical payments, pull up patient eligibility and then automatically calculate a cost estimate for prescribed treatment.

3. Payspan's PFE also offers automated payment options and payment plans for patients during each encounter.

4. Payspan will offer the solution commercially this June.

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