Hospital Price Transparency vs Financial

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ClaraPrice provides Hospitals with managed compliance with federal Price Transparency regulatory compliance. Busy Hospital teams can fully offload the administrative burden of Price Transparency compliance to our team of Health IT and Hospital Pricing experts. Our innovative software platform will generate the required consumer-friendly website and machine-readable file formats to ensure compliance is achieved and maintained for the long-term.

About ClaraPrice:

Hospital Compliance and Revenue Cycle Solutions.

ClaraPrice enables Hospitals to automate Price Transparency compliance with a system application that attaches directly to their existing EHR software (Epic, Cerner, Meditech, etc). The solution analyzes payment and Revenue Cycle data to make intelligent decisions about service pricing and publishes their pricing online in a manner that is compliant with all components of the legislative requirements. The software also acts as the monitoring mechanism required by CMS to attest to compliance.

Product Description:

Automatically trigger segmented payment reminders to responsible party over text/SMS, email and/or Interactive Voice Response call based on invoice age, date of visit or collection amount. Include link to online payment portal or connect patients with billing staff in real time (through 2-way text messaging or live call transfers) to address patient questions on invoices. Reduce manual labor on outbound calls and accelerate speed and amount of collections.

About PatientBond, Inc.:

PatientBond’s cloud-based, digital health platform automates patient engagement and care coordination with two-way communications, response tracking and real-time adjustment & optimization. PatientBond offers solutions to tackle many business and clinical challenges, including Healthcare Consumer Awareness/Marketing, Pre Visit, Point of Care, Patient Loyalty and Patient Collections for Health Systems, Physician Practices, Urgent Care Centers and Payers. PatientBond personalizes communications based on patients’ motivations and channel preferences using a proprietary psychographic segmentation model developed by healthcare consumer experts from P&G, the worldwide leader in consumer products and advertising. PatientBond enables you to activate desired patient behaviors to increase revenue and volume while ensuring cost avoidance and savings.

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:

100% Compliance Guarantee. Guarantees that your Hospital meets full compliance with the Hospital Price Transparency federal and state-level requirements.

Shoppable Service List. An interactive web page branded to your Hospital. It's interactive and built to CMS specification to ensure compliance and a great user experience.

Machine-Readable File. A comprehensive and secure machine-readable JSON data file that includes all CMS-required data points and nested, plan-level, payer-negotiated rates.

Works with your existing EHR. 100% Compliance with the CMS Price Transparency Rule. With ClaraPrice, you will get everything you need to achieve and maintan full compliance with the OPPS Final Rule for Price Transparency.

Public-Facing Resources. We provide you with a custom website that is compliant with all requirements of CMS’s 2021 OPPS Price Transparency mandate. Your consumer-friendly display is accessible by all. It’s easy to use, mobile friendly, and works with all browsers.

Admin Pricing Data Tools. Your team will have access to a custom admin portal with tools to filter, search, and download your Hospital pricing database.

Pediatric use cases:

None provided

Users:

Hospitals

Description:

Increase the speed of patient payments
Increase the amount of patient payments collected
Increase the number of patients paying their bills
Collect small bills that are often ignored by collections agencies but add up to significant dollars in the aggregate
Decrease staff involvement on patient payment follow-up through automation

Pediatric use cases:

Payment reminders can be sent to parents/guardians

Users:

Patients for paying bills
Office staff for following up patient payments through automation

EHR Integrations

Integrations:

None provided

EMR Integration & Relevant Hardware:

Use case dependent

EMRs Supported:

Epic, Cerner, Meditech, athena, Athenahealth

Hardware Compatibility:

Other

In Epic App Orchard

https://apporchard.epic.com/gallery/?id=3152

Integrations:

Acute care EMR, Ambulatory EMR, Ancillary EMR, ERP system, Patient portal, Access +/or revenue cycle, Website / public online sources, Other

EMR Integration & Relevant Hardware:

Recommended, but not required

EMRs Supported:

Epic, NextGen, athena, GE, Other, Athenahealth, Cerner, Meditech, Allscripts, eClinicalWorks, McKesson, Allscripts/Eclipsys, Azalea Health/Prognosis, CPSI, MEDHOST, Self-developed

Hardware Compatibility:

Desktop, Mobile / Tablet (web optimized), Mobile / Tablet (native app)

Client Types

None provided

Academic Medical Centers

Accountable Care Organizations

Rural Hospitals

Small Medical Facilities

Medium Medical Facilities

Extra Large Medical Facilities

Differentiators

Differentiators vs EHR Functionality:

None provided

Differentiators vs Competitors:

None provided

Differentiators vs EHR Functionality:

PatientBond Payment Reminders are personalized with psychographic insights to motivate patients to pay their bills. The system is automated to drive efficiencies and save staff time dedicated to patient payment follow-up

Differentiators vs Competitors:

PatientBond Payment Reminders are personalized with psychographic insights to motivate patients to pay their bills. The results in increased collections, even among bills 120+ past due, are unmatched.

Keywords

price transparency ,revenue cycle management,risk management,compliance,governance

rcm,payment reminders,patient payments,revenue cycle management,collections,billing

Images

1 of 3

demo-hpt.png

No images provided

Videos

1 of 1

price-transparency-product-video.mp4

1 of 1

Customer Testimonial: Total Access Urgent Care (Part 1)

Downloads

No content provided

PATIENT_PAYMENTS_CASE_STUDY_PDF_BB.pdf

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Company Details

By ClaraPrice

Founded in 2018

By PatientBond, Inc.

Founded in 2011

Visit Website

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