End-to-End Patient Engagement

End-to-End Patient Engagement

Creating Customized, Consistent, and Convenient Experiences

Creating Customized, Consistent, and Convenient Experiences

Moderator

Panelists

Understanding a Patient's Financial Experience

At TransUnion VisitPay’s recent virtual thought leadership event, End-to-End Patient Engagement: Creating Customized, Consistent and Convenient Experiences, panelists in the healthcare space came together to share their thoughts on:

  • Offering price transparency and estimates to empower patients to make more informed healthcare decisions
  • Automating payment plan and patient engagement approaches to maximize staff efficiency and maintain consistency
  • Focusing on the value of a patient financial experience to benefit both healthcare organizations and patients
  • Increasing your Net Promoter Score and other patient-facing metrics

Access the Full
Content Here:

Understanding a Patient's Financial Experience

At TransUnion VisitPay’s recent virtual thought leadership event, End-to-End Patient Engagement: Creating Customized, Consistent and Convenient Experiences, panelists in the healthcare space came together to share their thoughts on:

  • Offering price transparency and estimates to empower patients to make more informed healthcare decisions
  • Automating payment plan and patient engagement approaches to maximize staff efficiency and maintain consistency
  • Focusing on the value of a patient financial experience to benefit both healthcare organizations and patients
  • Increasing your Net Promoter Score and other patient-facing metrics

Access the Full Content Here:

Key Panel Takeaways

Key Panel Takeaways

In today’s world, the typical patient experience is stressful, uncomfortable, and often fraught with unwelcome surprises. Hospitals and healthcare systems are working toward automating their administrative and financial processes to streamline the patient experience from beginning to end.

On July 28th, we gathered a panel of healthcare experts to speak at End-to-End Patient Engagement: Creating Customized, Consistent, and Convenient Experiences about creating a straightforward, transparent, and personalized patient experience.

Check out five of our top takeaways below:

1. Establish a set of standards to deliver a consistent patient experience

“The patient experience isn’t one thing that we do, it’s how we do everything,” said Katie LeBlue of CHRISTUS Health. She expressed the benefits of health systems building their brand around the standard of care their patients can expect to receive when they visit any of their facilities, similar to popular B2C franchises.

2. Digital channels are essential

It’s critical for hospitals in 2021 to provide opportunities for patients to engage digitally. “Patients aren’t just patients anymore,” expressed Jasper Ligon of INTEGRIS Health, “[they] are customers.”

If health systems lack digital channels, they risk losing out on revenue. When it comes to paying a bill, “it needs to absolutely be easier than paying your light bill,” Jasper argued, or patients might not do it.

3. Don’t overlook your back-office processes

Jeff Howes of Intermountain Healthcare shared that even if you have the best patient experience from a clinical perspective, “if our back-end billing experience falls short, we can lose our patients.”

From a revenue cycle perspective, implementing self-pay and transparent billing processes are key to maintaining patient trust and retaining customers.

4. The patient voice should be your true north

“It’s critical for any system to truly understand what the patient voice is saying,” said Joan Cox of Steward Health Care, “and that’s got to be real-time.”

She shared that Steward has implemented a post-visit survey that directly addresses payment collection and insurance questions to keep them in continual conversation with their patients. This helps them maintain a robust, proactive service recovery process rather than waiting for complaints to come.

5. Inter-departmental communication is key

When issues come up with revenue or operations, Katie explained that being inclusive has propelled her team toward successful solutions. “It’s a matter of being transparent with those various departments so we can outline the resources needed for each department,” she said, explaining that siloed organizations can have a devastating consequence on the patient experience.

Interested in hearing more? Check out the full panel discussion and more topic-based video clips from the event by filling out the form at the top of this page.

Sponsors

TransUnion Logo

TransUnion Healthcare, a wholly owned subsidiary of TransUnion, makes trust possible throughout the healthcare ecosystem by helping organizations improve health and financial outcomes. Our clients leverage comprehensive data, accurate insights and industry expertise to engage healthcare consumers with confidence, make informed decisions on payments and reimbursement, and assess financial and socioeconomic risk to ensure program success. TransUnion Healthcare partners with over 1,850 healthcare organizations and 570,000 physicians. Collectively, we help our clients realize more than $1.2 billion annually in revenue. Learn more at transunionhealthcare.com.

VisitPay is the first and only platform for Patient Financial Health. Their proprietary cloud-based platform enables health systems to dramatically increase the amount paid on patient balances because patients can finally exercise control over their financial health. VisitPay is headquartered in Boise, ID, where it has assembled a powerful team focused on predictive analytics, user-driven software design and consumer finance. (PRNewsfoto/VistaPay)

Founded in 2010, VisitPay is the leader in patient financial engagement. The company’s third-generation cloud-based platform is used by the nation’s largest and most innovative health systems to deliver transparency, choice, and control to patients managing healthcare payments and transactions. Through VisitPay, patients can access a comprehensive accounting of their financial obligations, as well as critical health plan and healthcare information, via a health system-branded portal. VisitPay’s proprietary analytics tailor consistent and fully compliant financing options that meet the unique needs of patients and their families, creating a simplified billing experience that drives both higher payment rates and improved patient satisfaction scores. VisitPay’s investors include Norwest Venture Partners, Flare Capital Partners, Ascension Ventures and The Caprock Group. Learn more at www.visitpay.com.

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