Course | Basic | Patient Access
In this course we will address the pre-registration purpose and process, information collected during pre-registration, and consequences that an organization may experience due to inaccurate or incorrect patient information. It will also pr...
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Course | Basic | Patient Access
In this course we highlight the various types of health insurance that your patients may present at registration. We'll review the fundamentals of Medicare, Medicaid, and third-party liability plans. You'll learn how verifying a patient's i...
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Course | Basic | Patient Access
This course describes the types of advance directives and explains the role of the registrar in identifying the existence of advance directives and processing such directives when they exist. It describes the specific challenges involved in...
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Course | Basic | Patient Access
In this course, you will follow a patient from admission to discharge, stopping along the way to see how everyone in a hospital, including the patient, is affected by HIPAA.<div><br></div><div>Estimated course completion time: 30 minutes</d...
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On Demand Webinar | Basic | Patient Access
As hospitals and health systems continue to be pressured by deteriorating operating margins, it will be even more important for them to decrease revenue cycle related expenses and increase yield and cash. This webinar will highlight provide...
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Trend | Patient Access

Taking patient experience beyond clinical care

Trend | Patient Access

Taking patient experience beyond clinical care

Research shows that hospitals delivering a better patient experience are more profitable. As a result, it is critical for providers to continually improve all elements of the patient journey (Betts, D. “Better patient-reported experiences = more hospital profitability,” MedCityNews, May 31, 2017).

Patient experience was once shaped primarily by clinical interactions. Now, as patients pay more out-of-pocket healthcare costs, financial services also influence patient experience, perceptions and actions. Patients who have an engaging financial experience, including services such as cost estimation, appointment reminders, financial counseling and payment options, are more likely to pay their bills in full and rate the overall episode of care in a positive light

For example, Montefiore St. Luke’s Cornwall Hospital in New York had a large share of self-pay patients. By improving patient experience and payment processes, the hospital went from collecting about $400,000 in timely payments annually to increasing payments by nearly $2 million in 2019, a five-fold increase (LaPointe, J., “Pre-Access Center Collects More Patient Financial Responsibility,” RevenueCycleIntelligence, May 20, 2019).

The hospital adopted centralized scheduling, cost estimates, prior authorizations, insurance verification and payment planning before care. Scheduling, preregistration and authorization times dropped significantly, patients got to their clinical destinations faster, and payments increased. 

 

About the Author

David Shelton

is CEO, PatientMatters (info@patientmatters.com).

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