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Patient Responsibility Calculator
At the heart of the TransEngen Revenue Maximizer is the Patient Responsibility Calculator. The Patient Responsibility Calculator provides real-time patient eligibility responses and calculates patient out-of-pocket balances based on their health plan design and your contracted health plan rates. TransEngen leverages its technology and relationships with national and regional payors to calculate the patient's out-of-pocket balance. Then it generates a simple, easy-to-read statement to present to the patient.
Integrated with our Payment Processing System, you can easily collect patient amounts owed while the patient is still in your office, or schedule payments for larger balances owed. The TransEngen Patient Responsibility Calculator displays such patient data as remaining deductibles, co-pays and coinsurance.
Benefits to your practice:
- Reduces the need for balance billing
- Improves cash flow and decreases receivables
- Allows upfront patient collections
- Facilitates payment of the growing consumer liability
- Reduces patient bad debt
- Integrates with existing workflows
- Minimizes calls from patients and to payors, questioning payment outcomes,benefits and eligibility
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Benefits to patients:
- Reduces confusion and uncertainty about balance owed
- Lets patient know out-of-pocket costs at time of service when payment options can be discussed
- Increases level of satisfaction with provider
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Determine patient responsibility at the point-of-care, to collect patient out-of-pocket cost.
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