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Innovative Web-based pricing transparency tool provides more accurate cost estimates and promotes a positive point-of-service payment experience
Franklin, Tenn., Mar. 08, 2016 — Experian Health, the healthcare industry leader for automating, integrating and innovating the revenue cycle and patient care coordination, today announced that its new product offering, Patient Estimates, will join the athenahealth® Marketplace. Experian Health has been a partner of the More Disruption Please (MDP) program since the launch of the marketplace in 2013 and has worked with athenahealth to integrate its industry-leading capabilities into the organization’s growing network of more than 73,000 healthcare providers.
“Our latest offering to the marketplace eliminates the need for manually updating price lists, which often results in outdated, inaccurate estimates,” said Scott Bagwell, president of Experian Health. “Patient Estimates enables providers to more efficiently calculate accurate estimates of authorized services for patients before care or at the point of service. This collaboration and our ongoing relationship with athenahealth underscore our commitment to redefining revenue cycle effectiveness, improving physician satisfaction and enhancing the patient experience.”
Patient Estimates is a user-friendly pricing transparency tool that enables healthcare organizations to provide a clear, easy-to-explain price estimate of services so patients can make informed decisions about their care. Estimates are generated by combining data from the provider’s insurance chargemaster, the claims history, the payer contract terms and the patient’s insurance benefits. The estimates remain in the system and can be recalled easily for future reference.
Patient Estimates also eliminates the need for manually updating price lists, which often results in outdated, inaccurate estimates. It populates insurance benefits automatically and applies self-pay, prompt-pay discounts and payment plan options. Additionally, Patient Estimates adheres to consistent pricing policies and tracks potential versus actual collections. Ultimately, Patient Estimates helps ensure that patient payments are collected up front, resulting in increased revenue and an improved bottom line.
Participating in the MDP program will allow Experian Health to spread awareness of athenahealth’s cloud-based services to clients looking for a partner that delivers proven clinical and financial results so providers can stay focused on care.
To learn more about athenahealth’s MDP program and partnership opportunities, please visit http://www.athenahealth.com/disruption.
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About Experian Health
Experian Health provides a single solution for the healthcare industry that redefines revenue cycle efficiency and effectiveness. More than 3,040 hospitals and 10,000 other healthcare organizations representing more than 100,000 providers nationwide rely on the company’s best-in-class technology through every facet of operations — including revenue cycle management, identity management, patient engagement and population wellness. From front-end patient access to back-end claims and collections, all coupled with actionable, real-time data and analytics, our platform combines Touchless Processing(TM) and an exception-based workflow to help healthcare organizations achieve payment and care certainty for every patient by automating processes, optimizing payments from patients and payers, creating business intelligence and mitigating risk. For more information about the Experian Health suite of products and services, visit http://www.experian.com/health.
We are the leading global information services company, providing data and analytical tools to our clients around the world. We help businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making.
We also help people to check their credit report and credit score, and protect against identity theft. In 2015, we were named by Forbes magazine as one of the “World’s Most Innovative Companies.”
We employ approximately 17,000 people in 37 countries and our corporate headquarters are in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2015, was US$4.8 billion.
Experian and the Experian marks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.
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