Emdeon Financial Counseling Solutions enable providers to quickly explore a variety of reimbursement options that are often missed to save time, reduce bad-debt and increase revenue sources. This unique solution set works by focusing on 3 key areas:
Payment Prediction
Emdeon Payment Predictor gives healthcare providers valuable demographic validation and real-time, point-of-service payment assessment during registration. More than just a credit report, what you receive is a healthcare specific score and credit balance information that allows you to accurately predict the likelihood of payment. Having this information before any services are performed gives providers the ability to proactively collaborate with patients to identify alternative sources of payment such as personal credit card options.
Medicaid Prediction
Emdeon Medicaid Predictor identifies specific eligibility requirements for each state and compares this to patient information obtained during registration. A fast, accurate recommendation is then returned to healthcare staff with an easily interpreted status code to eliminate the guesswork in the Medicaid qualification process.
Charity Care Screening
Emdeon Charity Care enables providers to screen patients for eligibility in special charity discounts programs. By using an automated, non-discriminatory process to properly classify patients for these discounts, providers are able to reduce the amount written off to bad-debt while also easing the burden on patients who can not afford to pay the full price for healthcare services.
By the time a financial counselor becomes involved, Emdeon Financial Counseling Solutions may have helped registration staff address many of the most delicate and valuable steps needed to ensure payment options have been thoroughly explored. Ultimately this can lead to better patient relationships and help ensure that you have the best possible chance of payment from the beginning.
