83% of patients want to see accurate out-of-pocket costs before having health care services.
Apart from the new federal regulation requirements, patients also expect upfront info about their costs. This is especially important if you're struggling with patient collections. When your patients have a clear, upfront understanding of their cost estimates, they are more responsible for their payment, and less likely to cancel their appointments at the last minute. Transparent pricing ultimately not only builds trust between patients and healthcare providers but also enhances overall patient satisfaction and influences online patient reviews.
At Aarogram, we're helping many other healthcare practices like yours to bring pricing transparency by automating patient cost estimates with the help of our AI-powered automation system. It clarifies the patient's out-of-pocket responsibility based on their insurance benefits, eliminates surprises, and improves patient collection!
Success ratio of patient responsibility collections is often less than 50%.
Upfront payments significantly reduce the risk of unpaid bills, a growing concern in specialties like sleep centers and neurology centers where procedures can be costly. Not all practices are equipped with the right tools to produce the right billing numbers to the patients immediately and patients often prefer to be communicated benefits level information, not just rough estimation of what they owe. Informed patients feel valued and engaged, leading to higher patient satisfaction and treatment adherence.
An insurance benefits and out-of-pocket estimate sheet becomes a bridge of understanding, ensuring both parties are on the same page financially. This mutual trust creates an environment where healthcare can focus on its true purpose – transparency-- providing patients with the highest quality care.
As part of the No Surprises Act effective January 2022, federal regulations now require health care providers to provide a good faith estimate (GFE) for costs to patients in advance of receiving certain common procedures.
Amidst the staff crunch, patient expectation and the pressure of the No Surprises Act, it is now more crucial than ever to get patient price estimates accurately and efficiently.
We understand that staffing could be a real challenge - that includes hiring, onboarding, training, managing and paying staff members to run your healthcare practice. Your staff has lots of tasks to manage with limited resources. But operating efficiently isn't just about finding more people to do the work. It's about helping your staff work smarter and not just harder. Instead of struggling with hiring, let us help you get the most out of the staff you have.
After partnering with other healthcare practices like yours, our team at Aarogram has built an AI-powered solution that is cost-effective and automates insurance verification, prior auth processes and patient cost estimation. It eliminates manual errors and frees up your team to focus on patients instead of dealing with the headache of tedious work and calling insurance companies.
Aarogram has stepped in as an effective co-pilot in helping our sleep center staff with insurance processes. From benefits verification to patient estimation for charging patients upfront, my staff and I are more efficient and focused on providing better patient experience!
I highly recommend it to any practice looking to improve their upfront insurance and patient collections.
Chief Executive Officer,
Sleep and CPAP Center, California
Healthcare practices across the country trust Aarogram to simplify financial clearance for their patients and optimize their collection. Use it with your staff or alongside your billing company - your choice. Curious to know how we do it?
Automated Eligibility & Benefits Verification
AI-Powered Patient & Insurance Estimates
Virtual Assistants for RCM Tasks
Healthcare practices across the country trust Aarogram to simplify financial clearance for their patients and optimize their collection. Use it with your staff or alongside your billing company - your choice. Curious to know how we do it?
Automated Eligibility & Benefits Verification
AI-Powered Patient & Insurance Estimates
Virtual Assistants for RCM Tasks