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Revenue360® Delivers True Healthcare Pricing Transparency and Significant ROI via its Hospital Revenue Management Solution Suite
Date:3/28/2013

n/" onclick="linkClick(this.href)">Eligibility Verification works by initiating a real-time eligibility request at the earliest point in the registration process. It then returns insurance eligibility and benefit information customized to the individual hospital’s business rules - only the information desired is presented. Verifying this information at the point of service enables admittance staff to collect co-pays and deductibles immediately. Hospitals integrating Revenue360®’s application platform, with the Eligibility Verification and Pricing Estimation software modules, and some straightforward hospital policy and procedural changes, are achieving 600% and more increases in Point-of-Service collections, and decreases in A/R days down to absolute minimums.

Revenue360®’s hospital clients have experienced significant benefits including true healthcare pricing transparency, increased point-of-service payments, decreased accounts receivable (A/R) days, and increased patient satisfaction. The outcomes from the patients’ perspective include an increased satisfaction with the entire experience. They are happier knowing what the procedure is going to cost them out of pocket and their expectation is set before they arrive for services.

From the employee perspective, their day to day experiences interacting with patients are much more pleasant. They feel empowered by the tools and process controls, and confident in the efficacy of the data. They feel that, even while they’re collecting much more in payments from patients, they are delivering a level of service that was not possible before the deployment of the Revenue360® platform. From the hospital management perspective, revenue losses have been greatly decreased and productivity in Patient Access has been significantly increased. Collection costs and bad debt write-offs have been minimized. A path to a financially secure future for the hospital has been revealed.

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