PatientPay announces that we have partnered with The Echo Group to bring paperless billing and electronic payment capabilities to the behavioral health market. The Echo Group has developed a suite of software applications used by hundreds of behavioral health organizations nationwide.
Patients are taking on a greater portion of healthcare bills--from high deductible plans to Medicaid. Managing accounts receivable while also improving the patient billing experience is critical according to Matt Cabbiano, CEO of The Echo Group.
The integrated PatientPay solution will help clinic employees automation patient billings once they have collected a patient's email address or mobile number. PatientPay then handles all aspects of the patient's balance--including billing, capturing payments and providing a standard ERA (electronic remittance advice) back to the practice for automated posting and reconciling.
Unlike any other healthcare payment solution, PatientPay is configured as a payer in the practice's PM system. This allows a seamless mapping of billing and procedure codes to primary insurance payments. The result is a clean, easy-to-understand statement--delivered electronically to the patient. Patients can then pay in a variety of secure methods with no fees or confusing interfaces.
The result is that practices using PatientPay typically cut time-to-payment in half--improving cash flow and reducing accounts receivable.