Patient Billing
Platform

99.9%

Result 1

99.5%

Result 2

Client's business need

Provide a dedicated healthcare billing solution that focuses on the critical phase between post-insurance billing and potential bad debt.
Implement a system that can accurately assess and manage credit for both hospitals and patients, enabling fair and efficient debt recovery.

Solution

PatientCredit is a specialized healthcare billing platform designed to manage patient-pay collections efficiently. The system informs patients of their dues either before or after hospital discharge and facilitates the transfer of debt collection rights from hospitals to the billing service.
The platform uses sophisticated algorithms to assess hospital and patient credit, determining the advance payment to hospitals and setting up repayment terms for patients.

Highlights

The platform provides a transparent and accessible interface for patients to view and manage their bills.
Advanced credit analysis tools that fit hospital financial data into existing credit scales and calculate patient credit scores and expected recovery indices.
Regular, automated transaction processes ease the repayment burden on patients while ensuring steady revenue flow to hospitals.
Potential for integration with health insurers as affiliates, broadening the scope of service and enhancing patient care coordination.

Achieved Results

Streamlined the patient-pay collection process, making it more efficient and less stressful for patients post-discharge.
Enhanced accuracy in credit assessments for both hospitals and patients, facilitating fair and tailored repayment terms.
Optimized cash flow for hospitals by advancing funds based on reliable credit assessments, reducing financial risk.

By leveraging cutting-edge technology and a focus on user experience, the PatientCredit platform not only improves the efficiency of hospital billing systems but also enhances the financial interaction between healthcare providers and patients, ultimately contributing to better healthcare outcomes.

Technology Stack