According to the AMA and several other recent studies, it’s getting harder and harder to collect money from patients. According to McKinsey and Company, ‘Physicians typically collect about 50% of outstanding patient balances, resulting in almost $60 billion in bad debt annually’. Well, not anymore.
The ChoicePay Patient Accelerator is a web-based software system designed to calculate, process, and collect your patient payments quickly and cost-effectively. Our system is HIPAA and PCI compliant and designed to simplify and accelerate the revenue cycle process.
The ChoicePay Patient Acelarator system contains everything you need to calculate the patient’s out-of-pocket costs, secure payment information, schedule payments, and automate recurring payment plans. The software is comprised of several distinct modules that, when combined, offer one of the most intelligent and comprehensive patient payment solutions.
The ChoicePay Patient Accelerator can:
Capture eligibility and benefit coverage
Calculate the patients out-of-pocket expenses and generate a patient friendly payment agreement
Securely store payment information (credit card/bank account) for one time, future, recurring, and telephone payments
Provide a branded patient payment portal to accept payments and view statements
Send patients event driven text and email messages
At Vitruvian Medpro, we provide an easy-to-use and easy-to-deploy patient patient solution that reduces patient bad debt, gets you paid quicker, reduces administrative costs and increases patient satisfaction.
