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Solutions
Description
Compatibility Level
Clients
Use cases
EHR integrations
Client types
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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:

By leveraging powerful predictive analytics, Waystar’s Advanced Patient Propensity to Pay solution gives you deeper visibility into the expected cash value of a patient’s account as well as their likely communication preferences—so you make the right contact, at the right time with the right approach. 

Our technology:

  • Identifies expected cash value, even for those without credit history
  • Doesn’t rely on traditional credit bureaus or ‘soft hits’ that dissatisfy patients
  • Tracks aging accounts to guide collection agency placement strategies
  • Provides easy-to-read dashboards with performance insights

What our clients are saying:

“At Atrium Health we always focus on putting the patient first. With that top of mind, we deployed Waystar predictive analytics and technology and were actually blown away with the results. Waystar is definitely one of our top vendors and we certainly value the collaboration we have with them. ”

VP of Patient Financial Services, Atrium Health

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:

None provided

Pediatric use cases:

None provided

Users:

None provided

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:

None provided

Differentiators vs Competitors:

None provided

Keywords

Images

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No images provided

Videos

No videos provided

No videos provided

Downloads

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Alternatives

Company Details

Founded in 2004

Founded in 2000

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