South Plainfield, NJ (PRWEB) November 08, 2011
Alacriti, a provider of electronic payment and financial services related technology solutions, presents PatientCollect®, a SaaS based patient payment solution for healthcare providers.
In today’s shifting environment of increasing patient financial responsibilities, higher bad debt write-offs and regulatory mandates, accelerating the collection of patient payments is essential in improving the financial health of the provider organization.
PatientCollect’s comprehensive set of features enable providers to automate and streamline the collection of a variety of patient pre and post adjudicated balances, leaving them time and resources to focus on what is most important – providing quality healthcare. With PatientCollect, providers can securely collect payments online, in person and by phone while providing patients the convenience of making payments using multiple payment methods such as eCheck / ACH, credit and debit cards.
As a means to strengthen the provider’s revenue cycle management, PatientCollect offers the ability to estimate patient responsibility at the point of service, automate payment plans and pre-authorizations, enabling providers to collect more of what they are owed. Additionally, it enhances patient satisfaction and retention by helping patients to better understand and manage their financial obligations.
“Healthcare solutions that facilitate patients payments to healthcare organizations are gaining momentum amongst providers of all sizes, including small and mid-size practices” says Kunal Pandya, Senior Analyst – Health Insurance and Payments with the Aite Group. “Providers are recognizing the value of automating their collections process which has enabled reduction in bad debts at provider offices by approximately 4%. Additionally, providers are looking to enroll in solutions that are flexible and modular, easy to use, require minimal training and assists them in the overall collection process with minimal intervention on their side. In addition, providers also require that these solutions be a value add to their organization and allows them the ability to take advantage of economies of scale.”
Alacriti also announces a dedicated microsite for PatientCollect, which can be accessed at http://www.patientcollect.net
PatientCollect has received the HIMSS Medical Banking Gold Seal for HIPAA compliance. The Gold Seal assures customers that they are receiving services that have been recognized as meeting the highest standards of data privacy and security mandated under banking and healthcare regulations. PatientCollect also meets PCI Level I, and SAS 70 II security and compliance standards.
Alacriti specializes in providing electronic payment and financial services related technology solutions for organizations in the banking, financial services, healthcare, and insurance industries. Our cutting-edge products and services are tailored to our clients’ business needs, resulting in significant operational savings and faster time-to-market.
Alacriti brings unparalleled expertise and a successful track record in delivering a variety of highly flexible and scalable electronic payment and financial services technology solutions for its clients.