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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
PayMedix
PayMedix

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Categories

Solutions

Description

Product Description:
PayMedix is our proven payment solution for all in-network allowed charges. All patients regardless of individual credit rating, receive the financial security of guaranteed credit, up to their out-of-pocket maximum. And providers are guaranteed up-front payment.
About Health Payment Systems, Inc.:
Health Payment Systems (HPS) offers a fully outsourced technology and services solution set that delivers an enhanced consumer experience that no one else offers today in healthcare. Headquartered in Milwaukee, WI , the HPS solution set includes “one statement, one payment and one place to call” for the consumer to access all of their providers’ claim data and payment options.
Product Description:

For hospitals, it is 4x harder to collect from patients than insurance payers. Patients now make up to 30% of hospital revenue but are 4x harder to collect from than insurance payers1 due to complexity, regulation and patient means. 

Sift Healthcare provides advanced analytics and machine learning integrations to optimize patient payments. Sift combines patient payment expertise and AI-driven intelligence to equip providers with an integrated toolset to optimize patient financial engagement.

Patient collections should be a dialogue, not a solicitation. Sift integrates AI into your patient engagement platform to guide patient communications activities – maximizing collections while improving patient engagement.

  • Account Segmentation
  • Patient Contact Strategy
  • Payment Plan Provisioning
  • Improved collections, increased payment plan adoption, and reduced inbound/outbound calls

Propensity-to-pay for a person, not a number. Sift goes beyond credit scores, leveraging historical data to determine the best engagement approach for each patient.

  • Improved Patient Satisfaction
  • Pre-service patient financing and collection recommendations that help avoid surprises and set expectations
  • Lookalike predictive models, not credit scores and rule logic
  • Increased upfront collections with more empathy
About Sift Healthcare:
Sift Healthcare provides intelligent and accessible solutions for provider systems that need to extract meaning and value from their vast stores of payments data. Sift organizes and normalizes all of your payments data in one location, providing a holistic view of collections. Our denials and patient collection dashboards, payer scorecards, propensity to pay tools, market intelligence reports and enriched patient profiles enable revenue cycle teams to optimize workflows and accelerate cash flow.

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:
  • PayMedix guarantees direct payment for all allowed in-network out-of-pocket charges, from all patients, not just those most likely to pay. PayMedix assumes responsibility for collecting patient balances.
  • PayMedix automatically enrolls all employees regardless of credit history. All employees get one simplified bill that summarizes all their charges, offers flexible payment options, and provides increased financial protection for their families. PayMedix helps employees pay for the care they get and get the care that they need. With over $5B in payments processed and a Net Promoter Score of 75, PayMedix helps you to better help your employees.
  • PayMedix gives TPAs a new way to expand their business and differentiate their offerings. Clients get a solution that enables them to improve access to quality care for all employees.
  • The PayMedix "SuperEOB" gives you one simple consolidated statement, instead of separate and confusing bills for each medical treatment. You are guaranteed full credit up to OOP maximums, regardless of individual credit history, with the option to pay at little or no interest.
Pediatric use cases:

None provided

Users:

Providers, Employers, TPAs, Patients

Description:

Sift's intelligence tools and integrated ML recommendations around patient payments enable health systems to:

  • Pre-clear patients upfront.
  • Get more patients on payment plans, earlier.
  • Execute omnichannel contact across the entirety of the patient journey.
  • Help patients commit to meeting their financial obligations before service.
  • Utilize an integrated view of insurance-patient responsibility to optimize resolution and present patient responsibility, early and more accurately.
Pediatric use cases:

None provided

Users:

VP or Revenue Cycle, PFS executives, PFS team, SBO and CBO personnel, Patient Payment Collections Team

EHR Integrations

Integrations:

Other

EMR Integration & Relevant Hardware:

Use case dependent

EMRs Supported:

Other

Hardware Compatibility:

Desktop, Other

Integrations:

Acute care EMR, Ambulatory EMR, Patient portal, Access +/or revenue cycle

EMR Integration & Relevant Hardware:

None provided

EMRs Supported:

Epic, Cerner, Meditech, Allscripts

Hardware Compatibility:

None provided

Client Types

None provided

Differentiators

Differentiators vs EHR Functionality:

PayMedix is a complete solution for all stakeholders, not a partial solution for some.

Differentiators vs Competitors:
  • PayMedix guarantees direct payment to Providers for all covered and in-network charges
  • PayMedix provides credit to all employees, regardless of individual credit history, up to their OOP maximum for all in-network charges
  • PayMedix is a proven solution that has processed more than $5 billion in medical payments
Differentiators vs EHR Functionality:
  • Unified and normalized data sets that are accessible and provide a full view of patient payment behavior 
  • Dynamic machine learning based workflows, rather than rigid rules-based logic
  • Intelligence that enables the most effective use of EHR functionality 
Differentiators vs Competitors:

None provided

Keywords

Images

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Videos

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Downloads

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Alternatives

Company Details

Founded in 2017

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