Price Transparency
Give your patients clarity + convenience
Accurate estimates are the new standard for healthcare organizations. Waystar’s Price Transparency solution empowers providers to offer the modern consumer experience patients expect.
With easy-to-generate estimates, patients better understand their financial responsibility, setting the foundation for long-lasting relationships. Our market-tested, self-service tool generates estimates in real-time, helping providers:
- Deliver highly accurate estimates
- Increase incoming cash
- Cultivate stronger patient loyalty
When patients understand costs up-front, they’re better able to plan — and more likely to pay.
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What makes Waystar different
Empower patients to make informed financial decisions
While better than nothing, list-price data, doesn’t tell patients the whole story. Waystar’s Price Transparency solution lets patients easily generate more comprehensive, meaningful coverage estimates, assessing charge master data, contract rates, and RPA-enhanced eligibility benefits with minimal patient input. Available in a simple and convenient format, the easy-to-understand estimates can be accessed online by any type of connected device, so patients have the information they need to make educated decisions — and move forward with their healthcare.
Features + benefits
- Deliver a more transparent patient financial experience
- Meet the CMS shoppable services mandate
- Improve staff productivity
- Reduce risk of surprise bills
- Increase patient satisfaction
Succeed in the new patient pay landscape
With patients becoming responsible for a larger share of their medical costs, healthcare organizations must do everything they can to give pricing information up-front and offer convenient ways to pay as part of a larger patient engagement strategy.
Price transparency — by the numbers
Price Transparency Resources
Dig deeper into price transparency
4 strategies to help your team + your patients break through the billing haze
Price Transparency + Healthcare Consumerism provider survey
Survey results: What consumers expect from the patient financial experience
Provide accurate, convenient self-service estimates for patient responsibility
Supporting a holistic patient engagement strategy
Offering price transparency is just one piece of a larger need to meet your patients where they are and give them the tools they need to be able to pay their bills. Explore the complementary solutions below that can help you focus your collection efforts while improving the patient experience.
Complementary SOLUTIONS
Speak with a Price Transparency expert
See how Price Transparency can help you collect more while driving patient loyalty. Fill out the form below, and a Waystar expert will be in touch shortly.