Better price transparency with patient cost estimator tools
Despite measures like the Price Transparency Final Rule and the No Surprises Act, which requires each self-pay or uninsured patient to receive a good-faith estimate before services are performed, patients still receive inaccurate estimates.
And according to a recent Experian Health study, 4 in 10 patients said they had spent more on healthcare than they could afford.
But when patients know the expected cost of their care ahead of time, they feel more empowered and make better decisions—helping you get paid faster and stay in compliance.
See how automating and standardizing your price transparency practices will help you meet regulatory requirements, create a positive patient experience, and increase revenue at the point of service.
Nicole Ready, Revenue Cycle Systems Manager, at South Shore Health and Michael DiCarlo, Sr. Advisor, Revenue Cycle Operations at Northwell Health, discuss how they deliver better patient experiences with Experian Health's Price Transparency solutions.
Create more accurate estimates
Account for payment plans, prompt-pay discounts, state-mandated discounts, and other financial assistance policies for self-pay patients.
Eliminate manual tasks
Automate updates to your price lists and provide real-time estimates.
Improve patient satisfaction
Provide accurate estimates and easy-to-understand cost breakdowns to avoid surprise billing.
Experian Health and Banner Medical Group
See how Banner Medical Group uses Experian Health’s patient estimation tools to achieve higher engagement while remaining in compliance.
Blessing Health System increases point-of-service patient collections by 58%
Read how harnessing an automated, data-driven process with Patient Estimates yielded a 1,200% return on investment for Blessing Health System.
Hear from our patient estimate experts
Working Toward Compliance: The No Surprises Act and Experian Health Solutions
Riley Matthews, Lead Product Manager at Experian Health, explains how providers use Patient Estimates to address and comply with the “Good Faith Estimate” requirement in the No Surprises Act.
Compliance with the Price Transparency rule
Listen to Jamie Cleverley, President of Cleverley + Associates, and Riley Matthews, Lead Product Manager at Experian Health, discuss how a new partnership is helping providers comply with price transparency rules.
Patient Estimates
Use our pricing tool to create accurate estimates before or at the point of service.
Patient Financial Advisor
Deliver patient estimates and secure payment options through engaging text messages.
Patient Financial Clearance
Assess and assign patients to the appropriate financial pathway, based on their likelihood to pay and their qualification for assistance, to boost collections and satisfaction.
PaymentSafe®
Provide your patients with a secure method of submitting payments online via mobile device or at the point of service.
4 key benefits to providing patient estimates
See how greater clarity and providing patient estimates at the start of the patient’s financial journey can set the stage for better access to care and a smoother path to payment.
No Surprises Act: Good Faith Estimate FAQ with an expert
Hear answers from industry expert, Stanley Nachimson, principal of Nachimson Advisors, to the most pressing questions about Good Faith Estimates.
How to add transparency to your billing process
We know transparent pricing builds a better patient experience. But how do you start implementing it? Here are three steps to consider.
How data-driven technology can reduce surprise billing
With 56% of Americans saying they can't afford an unexpected bill over $1,000, it’s more important than ever to provide patients with accurate, up-to-date cost estimates. Here’s how automated technology can help.
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