High-deductible, self-pay plans and health savings accounts are growing in popularity as individuals and employers look for ways to decrease the monthly premium cost. According to Practice Perspectives on Patient Payments research by MGMA, providers today must collect $1 of every $4 directly from patients, and with 30% of patients walking out the door before they’ve paid anything, this task becomes increasingly difficult.
Collections solutions from TriZetto Provider Solutions can help you reduce paperwork and wait time associated with collecting patient payments. Significantly minimize data entry and simplify secondary claims processing with our electronic remittance advice solution. Automatically generate and mail accurate patient statements to help them understand their financial responsibility. Accept credit card payments onsite. Or create a patient exchange website that enables you to take electronic payments from patients whenever and wherever they’re able to pay.
Additionally, we can help improve the accuracy of posting payments and explanation of benefits (EOBs). paperResolve converts paper payments to a postable 835 remittance file, greatly reducing data entry.
By embracing electronic payment capabilities, you can increase the speed of your revenue cycle. Plus, you can improve patient satisfaction by making it more convenient for them to pay their bills.
Collections Solution Details:
Electronic Remittance Advice
Credit Card Processing
See how TriZetto Provider Solutions can help you.
TriZetto is very good to work with. I am able to get a hold of them right away and I am on a first name basis with many of them. They help me with electronic remittance set-up and notify me of errors right away so I can correct my mistakes. TriZetto goes above and beyond to help me in a timely fashion, and if the person I am working with cannot answer my questions they know someone who can.
Nikki Harmon — Stat Billing, LLC, Castroville, TX
Our solutions are integrated with more than 3,400 payers so you can easily incorporate our solutions into your business. If you don’t see a payer on our list, contact us and we can likely add them.
Our ultimate goal is to help you boost revenue. We achieve our goal by helping you work as efficiently as possible, eliminating paperwork and automating your most time-consuming and error-prone tasks.
“How much will this cost me?” This common request, heard countless times a day at the auto mechanic shop, with a home service technician or an equipment repair specialist, is headed for primetime in the health care industry. And, it’s no surprise. With high deductible health plans shifting the financial burden of health care squarely onto the shoulders of patients, there’s no wonder that patients are demanding price transparency. While ignoring the question is certainly an option, it’s costing your practice money. Listen to this recorded webinar to learn more.
We help physicians, hospitals and health systems simplify business processes and get accurate payments quickly. We will always look for new ways to help you improve revenue and increase cash flow. We will stay ahead of regulatory changes so your office will never struggle to keep up. All so you can focus on the one thing that really matters: doing what is best for your patients.
Patient AccessClaimsCollectionsDenial ManagementContract ManagementCustomer Care
One Financial Plaza
501 North Broadway
St. Louis, MO 63102