Chicago, Ill. (PRWEB) April 29, 2014
The American Hospital Association (AHA) today announced its exclusive endorsement of Simplee®PAY, a patient billing and payment solution that helps health care providers improve financial performance by improving the consumer billing experience with technology designed for consumer engagement and paperless billing. The enterprise cloud platform from Simplee® transforms the paying of a medical bill into a clear, convenient and trusted experience for patients.
AHA Solutions, Inc., a subsidiary of the AHA, awards the exclusive AHA Endorsement to products and services that help member hospitals and health care organizations achieve operational excellence. The SimpleePAY solution was selected following a proprietary due diligence process for its leadership in redefining a patient’s billing experience at a time when patients are responsible for greater portions of their bill.
The SimpleePAY solution enables health care providers to work closely with patients to shift to a more active self-service and point-of-service solution. The result is increased patient satisfaction and improved capability for health care providers to continue investment in the best possible patient care.
Within six months of implementing SimpleePAY, a leading California hospital experienced an online payment adoption rate increase from 2 to 30 percent, which helped reduce costs for traditional staff-assisted collections by 40 percent and soft collection by 25 percent. Equally important, nearly half of patients recommended the hospital due to their new billing experience.
“Simplee offers an important innovation for hospital leaders to better engage and educate patients about their bills in a more patient friendly way,” said Anthony J. Burke, senior vice president, American Hospital Association and president & CEO, AHA Solutions. “The SimpleePAY platform allows providers to offer patients an engaging billing and payments experience that aligns with today’s consumer expectations.”
“We are proud to be recognized by the AHA for our work in helping providers address the rise of consumers as a payor. AHA’s historic and ongoing commitment to support technologies that improve the lives of patients is an inspiration to us as entrepreneurs,” said Tomer Shoval, Simplee co-founder and CEO.
Simplee also recently disclosed a Series B investment from Heritage Group and its Healthcare Innovation Fund, a strategic initiative focused on investments in businesses that improve the delivery of health care services. This investment substantiates the challenge faced by health care providers and validates the SimpleePAY solution.
Since its launch in 2011, Simplee has managed more than $2 billion in patient medical expenses and processes millions of dollars in patient payments each month across thousands of medical providers.
About the AHA
The American Hospital Association (AHA) is a not-for-profit association of health care provider organizations and individuals that are committed to the improvement of health in their communities. The AHA is the national advocate for its members, who include nearly 5,000 member hospitals, health systems and other health care organizations and 43,000 individual members. Founded in 1898, the AHA provides education for health care leaders and is a source of information on health care issues and trends. Visit http://www.aha.org to learn more.
About AHA Solutions
AHA Solutions, Inc. is a resource to hospitals pursuing operational excellence. As a subsidiary of the AHA, AHA Solutions collaborates with hospital leaders to identify key challenges the field faces. After conducting the proprietary AHA Signature Due Diligence Process™, we award the exclusive AHA Endorsement. As an AHA member service, AHA Solutions provides access to content experts and education to support product decision making, and convenes people with like interests for knowledge sharing that is centered on timely information and research.
AHA Solutions is proud to reinvest its profits in the AHA Mission: To advance the health of individuals and communities. For more information, contact AHA Solutions at 800.242.4677 or visit http://www.aha-solutions.org.
Simplee® is changing the way patients engage and pay bills. Headquartered in Palo Alto, Calif., Simplee is reimagining the patient revenue cycle with innovative cloud technology designed for consumer engagement and paperless billing.
Simplee®PAY is a billing and payment platform that enables health care providers to tackle rising patient responsibility and consumerism by delighting patients with a clear, convenient and trusted payment experience. By shifting to self-service and point-of-service payments, providers using the SimpleePAY platform achieve more payments, sooner, while reducing patient collection costs and improving patient satisfaction.
Simplee®ONE is a popular, consumer only service that enables families to manage all their medical bills in one easy, centralized place.
For more information on Simplee, visit http://www.simplee.com.