The Growing Unsecured Patient Revenue Problem
Rising health insurance premiums and significant increases in patient deductibles have led to dramatically reduced patient revenues and disrupted cash flow for hospitals. The average hospital with 120 beds and 15,000 monthly patient visits is losing $8 to $10 million annually in unsecured patient revenue, creating dire financial conditions.
Typical collection efforts to date have only achieved about 15-20% of patient-responsible revenue.
Dramatically improve cash flow
VestaCare® offers a breakthrough solution for securing patient payment at the point of service. Until now, estimating patient balances accurately has been difficult for most hospitals. VestaCare helps you secure each patient’s financial commitment before they receive care at your hospital. Imagine securing total patient balances prior to treatment, instead of waiting six months or more after treatment (when most hospitals bill).
VestaCare delivers unprecedented results
VestaCare offers a uniquely effective solution that can dramatically increase your revenues and improve your cash flow, while helping your patients more easily meet their financial obligations. If you are like most hospitals, you are currently collecting 15% to 20% of what patients owe. With VestaCare, you can secure 70% to 90%, while reducing your patient billing and administrative costs by 50% to 75%!