The Massive Unsecured Patient Revenue Problem
Rising health insurance premiums and significant increases in patient deductibles have led to dramatically reduced patient revenues and disrupted cash flow for hospitals. The average hospital with 120 beds and 15,000 monthly patient visits is losing $8 to $10 million annually in unsecured patient revenue, creating dire financial conditions that cannot be solved by RCMs or bill collectors.
Dramatically improve your patient satisfaction and cash flow
VestaCare® offers a breakthrough solution that prevents patient revenue losses by securing each patient’s financial commitment upfront for all medical charges –instead of waiting for six months or more after treatment (when many hospitals bill). By that time, many patients have forgotten about their hospital balances and may be unable or unwilling to pay a big bill. By giving patients more affordable, flexible options upfront, you directly improve their satisfaction, protect their credit and enhance their overall experience.
Automate patient financial lifecycle and reduce your costs
VestaCare offers a uniquely effective solution that can dramatically increase your revenues and improve your cash flow, while helping your patients more easily meet their financial obligations. If you are like most hospitals, your collection efforts only capture about 15% of what patients owe. With VestaCare’s system, you can secure 70% to 90% and reduce your patient billing/administrative costs by 50% to 75%!