Self-Pay Case Study
Hospital Overcomes Billing Obstacles, Reduces Costs, and Increases Collections
In 2016, a hospital system in New York converted to a new electronic health records platform. Unfortunately, the conversion went poorly and one of the most notable casualties was the hospital’s self-pay process. Billing statements were significantly delayed. Some patients didn’t receive a bill until a year after service. Additionally, their statement design options were limited, and patients found them complex and hard to understand. This factor, combined with a lack of coordination with the early-out vendor that managed and pursued self-pay accounts, resulted in some patients getting calls about statements they hadn’t yet received. The system partnered with Elevate Patient Financial Solutions® due to their comprehensive Self-Pay solution, that engages patients through their U.S.-based call center, and optimized processes.
Click the button below to download the full case study and learn how ElevatePFS increased this client's collection rate from 34% to 57% in five months, allowing the hospital to collect more and devote precious resources to other areas.
"ElevatePFS has gone above and beyond. There’s nothing we’ve asked for that they haven’t done their very best to accommodate."
— Sr. Director of Revenue Cycle