Patient eligibility verification is a critical part of the #healthcare revenue cycle. This article takes a closer look at why patient eligibility matters, common challenges providers face and strategies to improve insurance eligibility checks, reduce payment delays and minimize denials: https://lnkd.in/gCAdU4f7 #insuranceeligibility #revenuecyclemanagement
Experian Health
Hospitals and Health Care
Franklin, TN 8,742 followers
Industry-leading solutions for revenue cycle management, identity management, patient engagement and care management.
About us
Smarter business decisions. A better bottom line. Stronger relationships with patients. That’s what healthcare organizations experience using Experian Health’s industry-leading solutions.
- Website
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https://www.experian.com/healthcare/
External link for Experian Health
- Industry
- Hospitals and Health Care
- Company size
- 501-1,000 employees
- Headquarters
- Franklin, TN
- Founded
- 1996
- Specialties
- revenue cycle management, identity management, care management, patient engagement, and data and analytics
Updates
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Join our upcoming webinar on Wednesday, Feb. 26, 2025, where Community Health System and Providence will share how their organizations are automating processes to meet new state charity screening regulations and find new efficiencies. Register here: https://lnkd.in/genfyY3F This session will cover: -Patient Financial Clearance: Streamline processes with Experian data. -State Regulations: Navigate changes, including California AB1020 and Oregon House Bill 3320. -Self-Service Options: Empower patients via text or web. -Delivery Methods: Real-time interfaces, batch processing, and eCare NEXT®. #healthcare #revenuecyclemanagement
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Patient collections can be challenging due to confusing bills, missed reminders and affordability concerns, leaving many patients frustrated and uncertain about their financial responsibilities. At the same time, understaffed #healthcare billing teams face the burden of time-consuming manual processes like follow-up calls, paperwork and payment tracking. This article explores how automation can address these issues by offering accurate estimates, personalized payment plans, and streamlined collections processes to increase patient satisfaction and boost revenue: https://lnkd.in/gDNaJyEP #RCM #collections #revenuecyclemanagement
How automation simplifies patient collections - Healthcare Blog
experian.com
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As competition intensifies with new #healthcare providers and disruptive technologies entering the market, patient satisfaction will no longer be optional — it will define success in 2025. This article looks at the challenges and opportunities that may affect #patientaccess over the next year and highlights three ways to use digital tools to improve the patient experience: https://lnkd.in/gVP3fCxK #healthcare #patientexperience
3 ways to improve the patient experience in 2025 - Healthcare Blog
experian.com
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The shift from inpatient to outpatient care is accelerating, driven by clinical advancements, patient demand for cost-effective options and payer pressures. To boost outpatient revenue, #healthcare providers can implement the following five strategies://https://lnkd.in/gUHb3-gX #revenuecyclemanagement
5 strategies on how to increase outpatient revenue - Healthcare Blog
experian.com
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Looking to enhance self-pay collections and streamline your revenue cycle? Don't miss our upcoming webinar on Wednesday, Jan. 22, 2025, where Novant Health and Cone Health share key strategies and insights to help #healthcare organizations achieve their financial goals. Register here: https://lnkd.in/gxnmhw3e #revenuecyclemanagement #collections #patientcollections
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Among the changes the COVID-19 pandemic has brought to #healthcare, one of the most concerning is an increase in claims management difficulties. In fact, Experian Health's 2024 State of Claims survey reveals that 73% of healthcare finance leaders report an uptick in #claimdenials, a significant rise from previous years. That's why healthcare providers are increasingly modernizing their revenue cycle management (#RCM) systems, to address rising claim denials and evolving payer policies. Learn more via HealthTech Magazines: https://lnkd.in/g9rXHYAQ
Why RCM Companies Are Modernizing Their Environments
healthtechmagazine.net
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The digital front door in healthcare isn’t just a single entry point — it’s a constantly evolving way to connect with patients, bridging digital and real-life interactions. Learn more about the digital front door and how #healthcare providers can address common pain points in patient access: https://lnkd.in/gsdC5itV #patientaccess
Addressing pain points of healthcare's digital front door - Healthcare Blog
experian.com
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With rising financial pressures on households, managing #healthcare costs has become a significant concern for Americans. By offering payment plans for their patients, healthcare providers can improve patient retention, reduce collection costs, and more: https://lnkd.in/gi9mKdPF
How healthcare payment plans improve the patient experience - Healthcare Blog
experian.com
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With limited staff and resources, many mid-size hospitals feel like they’re fighting an uphill battle to maintain cash flow and patient satisfaction as they contend with increasingly complex billing and insurance protocols. Implementing self-pay collections strategies can boost efficiency, reduce bad debt and create smoother patient billing processes. Learn more: https://lnkd.in/gC49eJs3 #healthcare #collectionsoptimization
Strategies to boost self-pay collections for mid-size healthcare organizations - Healthcare Blog
experian.com