The alternative to traditional bad debt.
Subscription pricing. No contingency fees.
$0.50 per week per account
Relying on traditional collection strategies is no longer relevant. An alternative is needed that maintains patient satisfaction while nurturing dialogue that resolves balances and improves financial assistance processes.
Extended Care Program
A unique configuration of propensity to pay analytics, presumptive charity screening, and responsive communication technologies. Following your organizations internal billing and outreach efforts, this solution screens and engages patients with affordable options to resolve their balance. By coordinating with hospital financial assistance policies, those that need help can get help before being placed with an outside collection agency.
Positioned at day 120 but before incurring the high cost and negative PR of traditional agency collections, the XCP is a non-disruptive program. Whether you insource or outsource self-pay, the strategy is a simple implementation, requiring minimal IT resources. Encore Exchange handles all the heavy lifting.
$0.50 per week delivers:
- Presumptive charity scoring
- Assessment of accounts based on your FAP
- Returned worklists of eligible accounts
- Outreach to patients via SMS text, interactive voice response (IVR), and mail
- Management of inbound patient calls to prequalify for financial assistance
- Empathetic collection agency letters and phone calls that respect your patients’ dignity and preserve your relationship
How far can 50 cents take you?
Measure the impact of the XCP for your community and your hospital’s bottom line.
Eligibility
Accounts are assessed for presumptive charity qualification. Hospital remains in control of any adjustments as we identify and report accounts that should meet your financial assistance criteria.
Outreach
Modern outreach and engagement via first-party SMS text message and IVR alerts. This initial communication notifies all patients of their outstanding balance as your organization’s final and courteous attempt to resolve their account.
Segmentation
Accounts are segmented into categories: those that you adjusted, those that require further qualification or assistance, and those that likely do not qualify for assistance. Workflows and custom communications optimize resource allocations and patient satisfaction.
Correspondence
Mailed correspondence advises patients of assistance options or adjustments to their balance, and provide direction for additional requirements that may be needed. Agency letters gently prompt unresponsive patients to take action while still nurturing dialogue.
Integrated with Your EHR
Our partnership with leading healthcare information systems is the result of five decades in the industry. Unique and proven integration means that hospitals can implement solutions in as little as 45 days with minimal IT involment.
