The United States Patent and Trademark Office Grants TransUnion Patent for Healthcare Financ... (logy instantaneously performs calculatio...)

The United States Patent and Trademark Office Grants TransUnion Patent for Healthcare Financing Method

Date:3/31/2008

logy instantaneously performs calculations based on patient information and eligibility requirements to pre-qualify applicants and their family members for optimal financial assistance programs. Patient demographic information is pre-populated on all enrollment forms; ready for immediate printing, signature and submission.

Additional benefits of HRCP include:

-- Verifies patient identity, insurance eligibility, and inaccuracies

from self reported data.

-- Identifies opportunities to assist patients at the time of service due

to front-end integration within registration system.

-- Tracks, stores and provides audit-ready documentation of charity care.

-- Determines patient status for each hospital visit to eliminate the

possibility of providing charity care to those who no longer qualify

while easily validating those that are still eligible.

-- Reduces the potential for quarterly/year-end financial surprises and

provides hospitals the ability to modify charity policies during the

year to stay compliant with federal, state, and local guidelines,

specifically the new IRS required Form 990, Schedule H.

-- Pursues multiple financial assistance opportunities concurrently,

providing significant labor savings to hospitals; reducing staff time

spent gathering data and filling out forms.

About TransUnion

As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts,
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