PGroup, LLC P  4 Cost Containment and Revenue Improvement Solutions for Healthcare Providers. Real-time calculation and reconciliation of patient financial responsibility at the point of care Is Your Practice Prepared for the Recession?  With the economy slowing down and healthcare costs rising, have you considered how you will get paid from already overburdened patients? Even during the best of times, we know that it’s not easy to ask a patient for out-of-pocket expenses, and especially difficult to collect payments once they leave your office. With Direct Quote, you’ll estimate your patients’ health plan eligibility and calculate their patient responsibility before they leave the office, reducing your billing and collection efforts. Compliance “Meaningful Use” and Section 1104 of the “Patient Protection and Affordability Act” require that practice electronically check patient eligibility 80% of the time; provide a report of what procedures were performed during the encounter visit and provide information as to the patients financial responsibility at orprior to the point-of-care   Cash Flow and Patient Bad Debt Billing and collecting a patient’s payment is a very complex, labor-intensive process that often generates very little return as compared to the time and cost expended.  Health plans are shifting cost to patients and the credit risk to practices.  As costs steadily rise, providers can expect significantly increasing cost in collecting patient responsibility and increasing  patient bad debt. Everybody knows that once a patient walks out the door without paying, the odds of collecting drops significantly and the time to collect is usually more than 90 days from the date of service.  According to a report by McKinsey patient bad debt currently totals more than $60 billion and rising is rapidly. Making The Decision to adopt a Point-of-Care (POC) patient payment model is the right conclusion to ensure your practice’s long-term financial viability. It increases cash flow, reduces billing costs and minimizes patient bad debt write-offs. To accomplish this, providers must address the full range of patient financial responsibility components from deductibles, co-pays, and co-insurance to uninsured self-pay patients. Direct Quote uses real time patient benefits verification, payer contracted rates and the practice fee schedule to accurately calculate patient responsibility at or prior to the Point-of-Care. Direct Quote also provides an e-cashiering payment system that allows the provider to either collect payment at the time of service or set up a payment plan prior to the patient leaving the office. Our Solutions for Health Care Providers Include: For More Information Contact: Steve Massey smassey@p4pgroup.com (423) 596-1700   || Home | Services | Contact | About Us | Healthcare Providers  | Healthcare Payers | Large Employers || Two Factor Authentication   High Security -Two factor = strong authentication -Two way = mutual authentication -Cognometric = personal authentication       User Convenience -No tokens to lose or forget -Fully mobile: use on any PC, iPhone etc. -Completely intuitive: works every time        Low Cost -Uses existing password infrastructure -No new servers or databases -Deploys in days –  not weeks           Contact Us  P4P Group is here to help. We know what it takes to be successful, and we stand behind our services. Please contact us for more information.