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Solutions
Description
Compatibility Level
Clients
Use cases
EHR integrations
Client types
Differentiators
Keywords
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Company details
Jump to:
Categories
Solutions
Description
Compatibility Level
Clients
Use cases
EHR integrations
Client types
Differentiators
Keywords
Media
Company details
Comprehensive Suite
Comprehensive Suite

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Categories

Solutions

Description

Product Description:
Our comprehensive suite of patient financing solutions includes the industry’s only pre-bad debt solution that engages patients after they have been unresponsive to other collection efforts. This solution, coupled with our best in class opt-in payment plans, and our payment plan and aged A/R conversion programs make CarePayment the most complete, and the most effective, in the industry.
About CarePayment:

Our program engages patients throughout their healthcare financial journey, not just when they ask you for help.


Components of our comprehensive solution include: Patient Choice (Opt-In), Patient Assign (only Auto-Assign program in industry), Payment Plan and Aged A/R Conversions.

  • Funded program with net collection guarantees
  • Always 0.00% APR to the patient to increase engagement and minimize defaults
  • 501r and Medicare Bad Debt compliant


Product Description:
There’s a wealth of powerful data within your EHR—you just need real-time insights and seamless integration to make it actionable. Our Prior Authorization solution, powered by Waystar’s Hubble: - Automatically verifies, initiates, statuses and retrieves comprehensive authorization details - Enables efficient, intelligent automation by initiating authorizations at twice the speed of manual processes - Integrates directly with all major HIS and PM systems - Provides end-to-end authorization platform, including authorizations submissions for unscheduled admissions, as well as auto-generating ABNs or Notice of Non-coverage forms for Medical Necessity - Adapts to constantly shifting payer rules and requirements - Was built and is maintained by our in-house team of experts
About Waystar:

Waystar delivers innovative technology that simplifies and unifies healthcare payments. The company’s cloud-based platform helps healthcare providers across all care settings streamline workflows, improve financial performance and bring more transparency to the patient financial experience. Waystar solutions have been named Best in KLAS or Category Leader by KLAS Research 16 times (across multiple product categories) and earned multiple #1 rankings from Black Book. The Waystar platform is used by more than half a million providers, 1,000 health systems and hospitals, and 5,000 payers and health plans—and integrates with all major hospital information and practice management systems. On an annual basis, Waystar’s AI-powered solutions process $5B in patient payments, generate $4B in out-of-pocket estimates and process claims representing approximately 40% of the U.S. patient population. For more information, visit www.waystar.com.

Compatibility level

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Clients

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Use Cases

Description:

None provided

Pediatric use cases:

None provided

Users:

None provided

Description:

With over 300+ payers and a broad array of deployable service lines and patient types, we provide a full cycle automation solution for prior authorization: from pre-scheduled prior auth submission, status checking and denial prevention worklist alerts, as well as medical necessity verification and notification of admission.

Pediatric use cases:

None provided

Users:

Pre-service financial clearance teams, auth cert teams, any prior authorization staff doing medical necessity as well as authorization for services at acute care facilities or OP areas.

EHR Integrations

Integrations:

None provided

EMR Integration & Relevant Hardware:

None provided

EMRs Supported:

Epic, Cerner, Meditech, Allscripts, NextGen, GE, McKesson, Allscripts/Eclipsys, CPSI

Hardware Compatibility:

None provided

Integrations:

None provided

EMR Integration & Relevant Hardware:

None provided

EMRs Supported:

None provided

Hardware Compatibility:

None provided

Client Types

None provided

Differentiators

Differentiators vs EHR Functionality:

Our program puts providers patients first, while driving ROI for our providers. We will engage more patients than anyone else. We will drive increased volume and loyalty to the provider's brand, making providers stronger financially. And, we will always treat patients with care and respect.

Differentiators vs Competitors:

The CarePayment Difference

  • We never charge interest. CarePayment is always 0.00% APR over the entire life of the loan.
  • There is no application required and no impact to credit scores
  • We are not a debt collection agency. We do not engage in any extraordinary collection actions, nor do we sell medical debt to other companies.
  • Patients receive communications directly from CarePayment, ensuring they are fully informed and have total transparency about their payment plan and other financial assistance options.
  • Payment terms are patient-specific and adjustable, simplifying the process of implementing income-based payment plans or staying within regulatory repayment limits


Differentiators vs EHR Functionality:
Many hospitals, health systems, and IDNs have invested in billion dollar EMR/EMRs which are an extraordinary vehicle for clinical and billing functions -- but lack the ability to elevate automation in key business areas such as prior authorization. This is due to their lack of payer connections and the absence of advanced intelligent software. Together, Waystar brings the intelligence that powers today's EMR/EHR platforms and automation efforts.
Differentiators vs Competitors:
With nearly a decade in the business of automating prior authorizations, we are known for our internal expertise when it comes to payers, process change, and technology. We believe pushing the envelope in know-how across all 3 is what gives our clients the edge on automation. With more payer connections, more relationships with payers, and greater flexibility in accessing payer data we can access the best and most timely data. We not only seamlessly integrate with EPIC but offer full-stack integration capabilities or a powerful stand-alone application -- all because each patient access team is different. And powered across our Hubble platform (a blend of RPA, machine learning, NLP, and advanced auth rules) we are well positioned to power your automated enterprise.

Keywords

Images

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Videos

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Downloads

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Alternatives

Company Details

Founded in 2004

Founded in 2000

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