Patient Payment Solutions
With rising healthcare costs and the increasing number of insurance coverage mandates, more and more of the provider’s revenue stream is coming from patients. Fifth Third Bank’s patient payment solutions allow you to take advantage of critical collection opportunities that positively impact your bottom line. You are able to accelerate patient payments, improve cash flow and reduce bad debt expense.
- Point of Care Patient Collections: Offer a broad array of payment options to your patients including cash, card (credit and debit), ACH and check. Additional options to capture patient balances include payment plans and secure card on file options.
- Patient Payment Portal: A convenient way for patients to pay balances. Patients can log on to the web portal and make payments via card or ACH.
- Eligibility and Benefits Verification: In real time, confirm insurance coverage availability and see current information about the amount of deductible and out of pocket limits your patient has satisfied.
- Fee Estimation: In real time generate fee estimates based on the contracted rates you have with your health plan payers. These estimates can be run prior to patient visit or as the patient checks out. You can print and present a user friendly estimate for your patient to review and accept.
- Payment Posting Automation: Using file based data exchange our solution can integrate with your practice management system to electronically post payments received at the point of care or via the patient payment portal.
Our solution uses a HIPAA Standard Transaction Set.
To learn more contact a Healthcare Relationship Manager.
Patient Payment Solutions is a registered service mark of Fifth Third Bancorp. Fifth Third Bank Member FDIC. Equal Housing Lender.