PriceAdvisor™ For Accurate Patient Liability Estimates
PriceAdvisor™ is 100% Web-based and can accurately produce Patient Estimates by utilizing your payer contracts, actual claim data, and patient benefit information. With this unique approach PriceAdvisor™ can help your facilities provide patients with the most accurate estimate available based on contract and claim data, NOT just historical "patient payments". This will help you help your patient learn more about their financial responsibility before providing treatment.
“In less than 4 months, $1.37 million of underpayments had been appealed and $1.24 million of that actually collected. I have every reason to believe that we can increase revenues by $3-6 million annually using Concuity’s solution.”
—Mike Butler Chief Financial Officer, Providence Health System
True Patient Pricing Can Only Be Obtained From Your Contract Data
Concuity’s PriceAdvisor solution will allow you to apply the latest innovations in pricing transparency and revenue cycle management technology to ensure proper and accurate pricing is delivered from your facility to the patient. You will have the visibility and control you need to create and produce fair and accurate pricing to your patients. Unlike other systems PriceAdvisor actually utilizes your payer contracts in conjunction with an actual “predictive” claim to provide the most accurate pricing to your patients. And if your facility utilizes eligibility tools, Price Advisor can apply the patients up-to-date benefit information for even more accuracy.
In Developing PriceAdvisor, Concuity Focused On These Key Elements:
Improving Your Revenue Cycle – We help increase the satisfaction of your patients by keeping them informed of their financial obligations. Armed with this knowledge your are more likely to receive payments thus increasing cash flow and reducing bad debt.
Process Efficiency – Price Advisor is 100% web based and remotely accessible via the Internet. Our up front tools are easy to learn and use, and integrates smoothly into your everyday work flow.
Visibility – Concuity’s solutions allow you, at any point, to see and connect more easily to the information you need with robust reporting and data analysis tools.
Enhanced Value – By increasing the speed, accuracy and efficiencies of your patient financial education process, payments will be more timely and accurate – adding dollars to your bottom-line and helping to protect against later liability..
Increase Your Collections
As health insurance benefits continue to shrink, providers need to be able to quickly provide their patients an accurate estimate of what they will owe prior to treatment. With Concuity’s PriceAdvisor™, we can provide a step-by-step process to walk admissions through the estimation process. Concuity has developed a unique solution that will increase efficiencies, accelerate payments, enhance workflow and improve the quality of your patient visits and expectations.
