6 Advantages of Digital Patient Financial Engagement Solutions
Investing in patient financial engagement can result in significant returns for your practice or billing department. Recent data by KLAS Research reported in Compsmag indicates that 92% of early adopters report the benefits of a unified patient payment portal in improving the patient financial experience. Other systems that can potentially improve patient user experience include a cloud-based patient billing system, eStatements , text message reminders and payments , and interactive voice response systems. Explore the advantages of using new tech solutions to enhance both revenue and patient-provider relationships. Real-time cost savings In the KLAS study, which looked at providers and practices who have already adopted patient financial engagement systems: 64% of participants said their collections rate improved 55% spent less money on billing 46% of respondents reported an immediate return on investment 27% reduced the number of days spent in accounts receivable In addition, a