Avadyne Health Blog | Avadyne | Self Pay Account Resolution

Have You Taken a Fresh Look at Your Patient Payment Strategy Lately?

When was the last time your hospital evaluated its patient payment strategy? Now may be the time for a refresh.

Fewer than four in 10 Americans could pay an unexpected $1,000 bill from their savings, a recent Bankrate survey shows. Nearly one in five would use a credit card to pay for the expense, incurring interest charges. About one in 10 would turn to a family member to borrow the funds.

But the need to hit "refresh" on payment strategies isn't just a smart move in the current economic environment, when unemployment remains elevated. At Avadyne Health, we're also seeing trends that point to a strong desire for more modern approaches to payment:

Avadyne Health Ranked 11th Largest Revenue Cycle Management Firm in the Country

By: Jayson Yardley

Moline, IL - Nov 13, 2019 - Avadyne Health, a leader in patient self-pay account resolution and bad debt recovery for some of the largest health systems in the country, announced today it has been ranked the 11th largest revenue cycle management firm in the country by Modern Healthcare. The ranking is based on an evaluation of data submitted to Modern Healthcare by revenue cycle management companies across the country.

Modern Healthcare's Revenue Cycle Management Firms Survey invited revenue cycle companies across the country to self-report data such as total number of contracts - including comprehensive contracts and partial contracts - and number of full-time employees who spend at least 50 percent of their time on revenue cycle management services. "Comprehensive contracts" include all patient-access services, healthcare information management, and patient financial services. "Partial contracts" represent limited components such as self-pay collections and denials management services.

Avadyne Health Ranked No. 1 in Patient Communications & Financial Satisfaction Solutions

By: Jayson Yardley

No1Rated_AvadyneHealth_2-1RTO
Moline, IL - Nov 11, 2019 - Avadyne Health, a leader in patient self-pay account resolution and bad debt recovery for some of the largest health systems in the country, announced today they have been ranked No. 1 in patient communications and financial satisfaction solutions by Black Book Research. The rating - the highest offered by Black Book - is based on a survey of 3,300 users of competitive solutions from more than 700 healthcare provider organizations.

This top-rank achievement, recently published in Black Book's Coding and Health Information Management Report comes on the heels of Avadyne Health's six-state, 28-hospital launch of early out account resolution services and the industry's first augmented reality Patient Concierge billing app for patients of Banner Health, based in Phoenix, Ariz. The Patient Concierge billing app is accessible to patients with a Banner Health hospital billing account. It is available to download from the App Store® and Google Play®.

Start 2017 With A Fresh Look at Revenue Cycle Outsourcing

By: Chris Snyder

I bet that when you hear the term “revenue cycle outsourcing,” a very specific opinion pops up in your mind.

Patient Pay Makes Up 18 Percent of Provider Revenue…and It’s Growing.

By: Christine Hanson-Ehlinger

It’s not news that patient pay is a growing concern for providers, but we are just starting to see deeper research into the matter as the real-world implications for providers emerge.

The most recent example is new research from athenahealth that examines the patient pay question as well as its causes and gives strategic advice on how providers should approach the challenge. The white paper is geared toward physicians specifically but provides useful insight into addressing general patient payment behavior.

The PFX Voice

Have You Taken a Fresh Look at Your Patient Payment Strategy Lately?

Avadyne Health Ranked 11th Largest Revenue Cycle Management Firm in the Country

Avadyne Health Ranked No. 1 in Patient Communications & Financial Satisfaction Solutions

Start 2017 With A Fresh Look at Revenue Cycle Outsourcing

Patient Pay Makes Up 18 Percent of Provider Revenue…and It’s Growing.

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