Patient Financial Engagement vs Flywire

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Flywire

5.0

1 review

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Product Description:

Platform designed by healthcare users for a seamless patient financial engagement.

About HealthPay24:

HealthPay24 provides a simple, secure view of every patient’s total financial responsibility in one convenient system that is easy, intuitive, and most importantly mobile! We tailor your patients’ experience to match your clinical services with digital patient messaging and actionable insights to create a truly patient-driven payment model that delivers exactly what your patients want. Our healthcare payment system offers both modern and traditional payment methods, so your patients can choose the best option to suit their needs. Giving patients alternatives including discounts, loans, and flexible payment plans creates a simple, yet effective medical billing solution for every provider. We work with your system, allowing you to keep your current EHR/PMS/ERP system in place, upgrade it, or use multiple systems and continue to use the same payment solutions. We provide exceptional automated payment processing and posting to eliminate labor-intensive, error-prone manual processes, all while considering what your patients truly need in a billing system – flexibility!

Product Description:

Just like every patient's visit is personal, their billing and payment experience should be too.

Trusted by hundreds of provider clients, including 4 of the top 10 health systems in the US. Flywire’s analytics-driven payment platform engages patients at every stage in the financial journey with easy-to-understand, affordable payment options.

About Flywire:

Flywire is a global payments-enablement and software company, trusted by organizations around the world to deliver on their customers’ most important moments. Our responsive billing and payments platform leverages deep analytics and machine learning to understand your patients capacity to pay, their preferred method of engagement, and where on their healthcare journey we need to meet them. We're delivering on your patients most important payments and maximizing collections for you and financial peace for your patients.

Compatibility level

Select which hospital or health system you work at and see a personalized compatibility level.

Clients

Select which hospital or health system you work at and see the client list

Use Cases

Description:

Payments Engagement

Capture payments as early as pre-service estimation
Take payments from anyone, from anywhere, for anything
Offer secure transactions & multiple payment options
Deduct employee copays from payroll with Employee Easy Pay

Reconciliation Automated Posting

Single system to check against your bank and settlement data
No more disparate systems
Automatic transaction posting to ERPs/accounting system or PMS

Communicate Mobile & eBilling

Drive web & visitor traffic from digital payment communications (email, text, web)
Integrated statements & IVR
Promote events, donations & fundraisers on payment receipts

Reporting Analytics & Insights

Identify & monitor KPIs
Track patient satisfaction levels
Enhance & track patient payment journeys
Automate, share, permission, and export reports

Pediatric use cases:

None provided

Users:

Patients, Providers, Administrators

Description:

Built for today. Designed for the future.

We infuse a deep knowledge of analytics into the heart of everything we do, guiding patients to the financial path that is right for them, while providing you and your staff with real-time insights to chart the best future for your organization.

Data
Predictive Analytics
Matching
Results

Pediatric use cases:

None provided

Users:

Patients, Hospitals and Health Systems

EHR Integrations

Integrations:

Acute care EMR, Ambulatory EMR

EMR Integration & Relevant Hardware:

Recommended, but not required

EMRs Supported:

Epic, Other, Allscripts, Meditech, McKesson, GE, Cerner

Hardware Compatibility:

Desktop, Mobile / Tablet (web optimized), Other

Integrations:

Acute care EMR

EMR Integration & Relevant Hardware:

Use case dependent

EMRs Supported:

Cerner

Hardware Compatibility:

None provided

Client Types

None provided

Pediatric Hospitals

Academic Medical Centers

Accountable Care Organizations

Rural Hospitals

Extra Small Medical Facilities

Medium Medical Facilities

Extra Large Medical Facilities

Awards

Differentiators

Differentiators vs EHR Functionality:

None provided

Differentiators vs Competitors:

None provided

Differentiators vs EHR Functionality:

Affordability and engagement driven by analytics

You can’t solve for affordability unless you know what your patients need. Flywire’s responsive billing and payments platform leverages deep analytics and machine learning to understand your patients capacity to pay, their preferred method of communication, and where on their healthcare journey we need to meet them, placing them on their best path to financial success.

Differentiators vs Competitors:

Tap into a wealth of insights and automation

Our proprietary predictive analytics system offers a tremendous opportunity for revenue cycle leaders to fortify revenue streams and increase profitability by achieving better customer experiences, revenue attainment, cash acceleration, and securing stronger competitive differentiation.

Matching your patients with the best offer to meet their needs

Our unparalleled access to data allows us to have deeper insights into patients than any other patient financial engagement platform on the market. 3 out of 4 patients choose our affordable options when presented. That number continues to grow daily with each happy patient served.

A platform built on results

A strong analytics platform doesn’t mean anything if it doesn’t drive results. Our patient financial engagement solution has proven to be instrumental in driving key revenue cycle metrics at some of the largest health systems in the country, including AdventHealth, Banner Health, and CommonSpirit Health.

65% increase in self-service adoption
10% decrease in staff-generated plans
50% increase in payment plan creation

Keywords

billing,revenue cycle management,patient financial engagement,patient financial experience,patient financing

billing,patient experience

Images

1 of 4

hp24_screens-1.png

No images provided

Videos

No videos provided

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Downloads

5-Healthcare-Revenue-Cycle-Trends-to-Prioritize-in-2021.pdf

https://www.flywire.com/resources/case-study-penn-highlands-healthcare

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Company Details

By HealthPay24

Founded in 2001

By Flywire

Founded in 2011

Visit Website

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