Today, patient payment estimates are a necessary element to increase collections at or before the time of service. Healthcare providers are using estimates not only as a means to increase POS collections, but also to increase client satisfaction by educating the consumer about their benefits and financial responsibility.
The ClearQuote™ patient anticipated cost of treatment solution offers providers a secure, web-based solution that combines information from payer contracts, historic charges, and current patient benefits to calculate the patient's out of pocket responsibility.
ClearQuote guides users through a five step process to capture necessary patient demographic, procedure, and benefit information to generate a financial responsibility estimation letter for the patient.
- Estimate patient portions at time of service
- Accelerate cash flow
- Set patient financial expectations
- Facilitates patient benefit education
- Allow patient to financially plan
- Reduce patient receivables and bad debt
ClearQuote is a trademarked name owned by TransUnion LLC