Oak Brook, IL (January 24, 2018) – Frost-Arnett, a leader in Accounts Receivable Management (ARM) for the healthcare industry, announced today a strategic alliance with HealthiPASS, an innovative revenue cycle solution that assures and accelerates collections while bringing price transparency to the patient payment experience.
This alliance adds an important front-end accounts receivable patient payment solution to Frost-Arnett’s Business Services portfolio and introduces HealthiPASS to a qualified healthcare national provider network seeking to reduce bad debt and fast-track revenue collection. The alliance supports Frost-Arnett’s pursuit to help its clients with the increasing challenge of resolving patient balances and allows HealthiPASS access to Frost-Arnett’s salesforce and nationwide client base which has been cultivated over decades.
As high deductible health plans (HDHPs) become more prevalent and healthcare consumer out of pocket financial responsibilities continue to increase, HealthiPASS simplifies the payment experience for both patients and providers.
Healthcare providers use HealthiPASS because it benefits both them and their patients, with:
- Self-service patient check-in and check-out.
- Real-time insurance eligibility verification.
- Instant and clear patient visit cost estimates (not just gross charges).
- Automated collection of prior balances, copays and pre-service deposits at check-in.
- Automated collection of patient balance after insurance payments without the need for paper statements, phone calls or harsh collection practices.
- Peace-of-mind that what’s being collected is the right amount, at the right time.
HealthiPASS increases profits by eliminating patient bad debt and reducing the cost of patient billing and collections. There is no up-front cost to a healthcare provider for the intuitive HealthiPASS kiosks that engage patients at check-in and check-out. Instead, providers only pay a small percentage of the dollars collected in a true pay-for-performance model that aligns interests.
“The HealthiPASS solution is complementary to our core services,” said Jason Meyer, CEO of Frost-Arnett. “We will now be the only ARM company that provides a true end-to-end suite of solutions for resolving the patient-pay portion of healthcare from check-in through delinquency.”
“Our new alliance with Frost-Arnett is an important catalyst to continue the rapid adoption of HealthiPASS, which is already helping many healthcare practices across the country accelerate collections and provide improved financial clarity and price transparency to patients,” commented HealthiPASS CEO Rajesh Voddiraju. “Frost-Arnett is a proven market leader in ARM, and the addition of the HealthiPASS solution to their portfolio is a perfect fit for both companies.”
For more than 120 years, Frost-Arnett continues to be the leader in the Accounts Receivable Management for the healthcare industry in developing and providing innovative solutions for its’ Client’s accounts receivable and collection needs. The Nashville, Tenn.-based company has built a reputation for Service and Results second to none in the market, specializing in Bad Debt Collections and Early-Out Recovery. For more information call 615-259-6271 .
HealthiPASS is a digital check-in and patient payments platform that brings transparency and clarity to the patient payment experience. HealthiPASS turns patient bad debt and all expenses associated with patient billing and collections into higher operating income while delivering an outstanding patient experience. HealthiPASS enables medical groups to deliver greater convenience for their patients and complete transparency into cost of care before-, at- or immediately post-service through a multi-channel patient engagement platform. Leveraging ubiquitous technology, including iPad-based patient check-in “kiosks” along with patient-facing tools including Smartphone apps and web apps, patients are “always in the know” and accountable for the care they receive. For more information, please visit www.healthipass.com or call 855-484-4727 .
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Audra Wait | Wait & Co.
John Trader, Director of Marketing, HealthiPASS