Patient Financial Clearance + Payments
BUILD A BETTER PATIENT FINANCIAL EXPERIENCE
As patient financial responsibility for healthcare costs continues to grow, patients expect the same convenient, personalized experience other industries offer. You need a versatile set of tools to meet those expectations.
Our platform draws on the latest technology and predictive analytics to simplify eligibility verification and prior authorization processes, help patients understand their financial responsibility, give providers visibility into patient propensity to pay and more. With Waystar, you can bring in more revenue up front and provide a more transparent, positive experience for patients.
“We deployed Waystar predictive analytics and technology and were actually blown away with the results. Waystar is definitely one of our top vendors and we certainly value the collaboration with have with them.”
GET AHEAD OF DENIALS AND FIND HIDDEN COVERAGE
Coverage ineligibility is the leading cause of claim rejections. Our industry-leading coverage detection technology is a must for any emergency department, as it uses coordination of benefits to identify primary, secondary and tertiary payer coverage you might otherwise overlook.
With our intuitive interface you can easily streamline enrollment while reducing AR days through denial and rejection prevention. PARO’s presumptive charity solution, now part of the Waystar platform, allows you to proactively identify patients who qualify for financial assistance and reduce bad debt. And now you can automate prior authorizations with our proprietary AI solution, powered by Hubble.
- Verify eligibility and co-payments
- Quickly and easily enter patient information
- Access plan information in seconds to speed up the check-in process
- Increase POS collections by delivering up-to-date co-payment and deductible information
- Reduce debt as patients with HSA and high-deductible plans pay more up front
- Get faster approvals and fewer denials at a lower cost
EXCEL IN THE NEW PATIENT-PAY LANDSCAPE
By helping patients understand what they owe and why—with easy-to-read electronic statements and flexible payment options—our platform can help you collect more patient-pay revenue up front and eliminate surprise bills down the line.
Access valuable propensity-to-pay data without credit checks that can irritate patients. Waystar’s predictive analytics help prioritize which accounts to work in which order and can drive tailored communications. Maximize collections, reduce the cost to collect and improve the patient experience at the same time.
Find out how Waystar helped America’s largest non-profit health system achieve more than $11M in annual collection improvements.
DRIVE CASH COLLECTION WITH BETTER DATA
In today’s climate, many organizations have chosen to outsource patient-pay collections to third-party agencies—but properly managing them remains logistically demanding.
With Agency Manager from Waystar, it’s easy to gain insight into collection agency performance so you can ensure vendor commissions are correct. You can also identify areas for improvement and compare agencies against each other.
Get an estimate of how much you could save when you have a more accurate view of agency performance, access to better reporting and more.
PRIOR AUTHORIZATIONS JUST GOT SMARTER
Prior authorizations are one of RCM’s biggest challenges, placing serious strain on billing teams and margins and preventing timely care. Waystar is proud to unveil the AI-powered solution that can automate up to half of your cases behind the scenes—for faster approvals and fewer denials.
Waystar works with providers of all shapes and sizes across the country to improve operations and accelerate revenue recovery. Learn more about proven success with Waystar.
Improvement in bad debt performance for Atrium Health
Improvement in collections for Mercy Health
Faster posting speed for St. Francis Physicians
Less manual work for Family Health Care Medical Group of Modesto
Improvement in vendor performance for Gwinnett
Improvement in annual collections for SCL Health
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