Experian Health pricing transparency tool to join athenahealth marketplace: 6 things to know

Experian Health, a provider of comprehensive revenue cycle products and services, will add a new patient payment estimation solutionto athenahealth's More Disruption Please program.

Here are six things to know about the new product offering.

1. The new product offering is a pricing transparency tool called Patient Estimates.

2. Patient Estimates allows healthcare organizations to provide patients with a price estimate of services. The estimates are produced using data from the provider's insurance chargemaster, the claims history, the payer contract terms and the patient's insurance benefits, according to Experian.

3. Patient Estimates gets rid of the need for manually updating price lists, as it populates insurance benefits automatically and applies self-pay, prompt-pay discounts and payment plan options, Experian said.

4. In addition, Experian noted, Patient Estimates adheres to consistent pricing policies and tracks potential versus actual collections.

5. "Our latest offering to the marketplace eliminates the need for manually updating price lists, which often results in outdated, inaccurate estimates," Scott Bagwell, president of Experian, said in a prepared statement. "Patient Estimates enables providers to more efficiently calculate accurate estimates of authorized services for patients before care or at the point of service. This collaboration and our ongoing relationship with athenahealth underscore our commitment to redefining revenue cycle effectiveness, improving physician satisfaction and enhancing the patient experience."

6. Experian Health has been a partner of athenahealth's More Disruption Please program since the launch of the marketplace in 2013.

 

More articles on finance and revenue cycle management:

HomeTown Health's new RCM training program targets Iowa hospitals: 8 things to know
Neb. senator: Rape victims shouldn't be billed for examinations
3 reasons hospitals struggle with collections

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars