LA JOLLA, CA, September 17, 2018 /PRNewswire/ — VestaCare, Inc. the healthcare market leader in automated time-of-service (TOS) patient payment solutions, today announced an agreement with Sikeston, MO based Missouri Delta Medical Center to officially launch VestaCare’s new advanced patient cost estimator solution. Missouri Delta will also be implementing VestaCare’s unique TOS patient payment solution, VestaPay™, to enable patients to better afford and manage their healthcare and strengthen the current and future financial performance of the hospital.
VestaCare’s VestaPay technology, which includes the new price estimator and advanced eligibility, is bolstered by VestaCare’s patent pending Dynamic Balance Adjusting AutoPay plans. This solution suite significantly strengthens Missouri Delta’s ability to help their patients manage their entire patient financial experience.
Tom Brekka, CEO of VestaCare, commented, “Patients and providers alike are struggling with the rise of high-deductible health plans and increasing patient financial responsibility. VestaPay’s proven track record of preventing 50-70% of historical patient revenue losses offers a major breakthrough against approaches that “chase” the patients for payment after treatment.
“With the rising number of hospital failures affecting all of our communities, it is critical that VestaPay’s ability to help turn around hospital financials becomes more widely adopted ” said Brekka. “With over 24 months of proven success engaging and enrolling patients from all demographics and financial standings into VestaPay Dynamically Adjusting AutoPay plans, there is no excuse for continued hospital closures.”
Greg Carda, CFO of Missouri Delta
Commented, “We evaluated a host of systems from all major eligibility and estimator vendors. None provided the accuracy, completeness and extensive feature-set as offered by the VestaPay estimator. Notwithstanding these outstanding attributes, VestaPay takes a giant step further, which is to address the question: “What good is an accurate estimate if my patients can’t afford to pay the cost of their treatment? That VestaPay’s Dynamic Balance Adjusting AutoPay plans allow us to engage and enroll all patients on or before time of service is simply a breakthrough of epic proportions. With VestaPay we can use their very accurate estimates to set our patients’ expectations, then no matter whether that estimate was 100% correct or some other level, with simple elegance, VestaPay ensures all of our patients can afford their payments and that their AutoPay plans turn out exactly right over the timeline of their plan.”
“VestaPay’s electronic patient engagement solution is awesome! It allows us to contact and engage patients while they are price-shopping, considering treatment at Missouri Delta and in all stages from visit preparation and appointment reminders through enrollment and post follow-up. We can even deploy whole new levels of charity care with greater accuracy, swifter response and more precise allocation of our charity dollars across our patient population.” said Carda.
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