Financial care for patients
Secured revenue for hospitals

VestaPay_Tag_From_Tom
Your patients' financial health is critical to your bottom line.
Secure Patient Revenue

Secure Patient Revenue

Secure 100% of known and unknown patient responsibility at Time Of Service.

Enroll Patients in Dynamically Adjusting AutoPay plans that:

  • Adjust to the exact amount owed
  • Are effective in all departments including the ED
  • Secure 100% of patients future liability
  • Provide affordable monthly payment choices
  • Are completed in 5-7 minutes
Minimize Patient Leakage

Minimize Patient Leakage

VestaPay reduces patient leakage with multiple strategies:

  • Advanced bi-directional Appointment Reminders
  • Rapid alerts to enable quick response to “at-risk” patients
  • Tools to enable patients to afford their care and continue treatment
  • Secure Payor and Patient Revenue
Build a Reputation for Affordable Healthcare

Build a Reputation for Affordable Healthcare

“Surprise” bills steer patients away from hospitals. VestaPay reverses that trend with:

  • Highly accurate yet simple estimating
  • AutoPay plans that build confidence in the hospital’s billing accuracy
  • Affordable monthly payments
  • Personalized Patient Communications
For more information about VestaPay and the CMS 1694-P
Price Transparency order, contact us at sales@vestacare.com.

Services

Best-in-class services that compliment existing platforms to maximize ROI or that can stand alone as a comprehensive solution

Superior data quality delivered in real time

Eligibility

Superior data quality delivered in real time
Credit, Debit, HSA, Checking

Payment Processing

Credit, Debit, HSA, Checking & Cash payments
Fast, Simple, thorough and accurate

Estimates

Fast, Simple, thorough and accurate
Real-time patient account reconciliation

Balance Adjustment

Real-time patient account reconciliation
Compare VestaPay estimates with existing estimators

Estimates Comparison

Compare VestaPay estimates with existing estimators
Automated posting to EHR accounts

Payment Posting

Automated posting to EHR accounts
Enroll patients in flexible plans in 5-7 minutes

AutoPay Plans

Enroll patients in flexible plans in 5-7 minutes
Identify

Appointment Reminders

Identify & engage “flight-risk” patients

Client Reviews

  • We're realizing more secured patient revenue...

    than ever before and are able to invest in our hospitals future

    We're realizing more secured patient revenue...
    David Hoff, FACHE
    CEO
    Wayne Memorial Hospital
  • We needed to do something....

    but didn’t want to drive patients away.  We wanted a new process and VestaCare stood out.

    We needed to do something....
    Mike Clifford
    CFO
    Wayne Memorial Hospital

Build a Reputation for Affordable Healthcare

Unaffordable healthcare is a primary cause of patient leakage as patients delay or avoid the care they need due to large out-of-pocket costs due upon receipt after treatment.

To achieve a reputation for providing affordable healthcare, hospitals must provide treatment estimates and affordable payment options PRIOR TO TREATMENT.

  • Known financial liability
  • No surprise bills
  • Focus on recovery
  • Less financial anxiety
Reputation for Affordable Healthcare

Patient Leakage

Rising deductibles and the growing availability of lower-cost treatment locations has hospitals seeking ways to minimize declining patient admissions. VestaPay addresses patient leakage in four steps:

  1. Identify ‘flight-risk’ patients who defer or seek lower cost healthcare.
  2. Engage patients to estimate and schedule treatment
  3. Secure 100% of patient revenue prior to treatment with flexible payment plans.
  4. Report on prevented patient leakage revenue.
Step 1 icon_pat leak_identify

Secure Patient Revenue

85%

% of patients who receive a statement default on their payments and become bad debtors.

30 – 35%

% of hospital revenue comes from patients – a fifteen-fold increase since 2005.

Patient responsible revenue is a larger percentage of hospital revenue than ever before and is crippling many hospitals financials.

VestaPay enables hospitals to secure 100% of patient revenue prior to treatment and dramatically increase revenue.

  • 100% secured payment prior to treatment
  • Flexible payment plans and loans
  • VestaPay enrollment in 5 – 7 minutes
  • Scheduling & registration staff training and support.
  • Decrease patient bad debt.

 

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