Recondo’s BenefitPlus patient estimation tool and the Epic Benefit Collector tool have been integrated at the request of a multistate health system. The health system now uses the integrated tool in nearly three dozen of its acute care hospitals.
The tool focuses on price transparency and improved patient collections. The health system has increased point-of-service collections by 12 percent over a year as a result of the tool.
“With the rise in self-pay and high-deductibles, hospitals need to be able to accurately estimate patient financial responsibility so they can attract the growing number of patients who are price shopping and also reduce the likelihood of bad debt by collecting more up front,” said Jay Deady, CEO of Recondo.
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