How VestaPay Prevents Hospital Failure by Securing Patient Payment

Threat of hospital failure increasing dramatically!

Dozens of hospitals have shut down across America and many more are facing the same fate in the near future. With the prospect of imminent financial failure hanging like a dark cloud over your staff and management, you must make critical decisions immediately.

Why is this happening?

There has been a rapid shift in revenue sources from payers to patients. Higher premiums and deductibles have lead to an inability to identify precisely what a patient owes at the time of service, which has limited your ability to collect from patients up front.

Current revenue cycle management solutions don’t help. They start the process of collecting payment from patients at Day Zero and 85% of patients simply choose not to pay. 

How can you stop the bleeding?

There is one way to protect your hospital. It requires securing patient payment just before or at the time of service. Accomplishing this effectively, while still treating your patients compassionately, requires finesse and a unique solution. VestaCare is the only system capable of providing that solution.

• Enrolls patients at time of service secures payment, yet gives the patient compassionate financial flexibility

• Simplifies estimating, which staff can perform quickly and confidently

• Automatically processes monthly payments, greatly reduces billing costs

• Precisely reconciles patient payment plans after insurance settlement

• Rapidly integrates with your billing system

• Trains your registration team to drive immediate revenue increases

Compare our results

Patient revenue secured out of $500,000 monthly bad debt for a 110-bed hospital.

Consistently, 90% of patients set up on the VestaCare system pay their bills to completion without further human engagement. The key difference between VestaCare and RCM solutions is that our success depends on the number of patients enrolled at the time of service rather than the number of patients contacted after final EOB submission to pay their bills.

How does it work?

Consistently, 90% of patients set up on the VestaCare system pay their bills to completion without further human engagement. The key difference between VestaCare and RCM solutions is that our success depends on the number of patients enrolled at the time of service rather than the number of patients contacted after final EOB submission to pay their bills.

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What can you expect for you hospital

Take your total patient-responsible revenues from your most recent fiscal year. In the first month you should see a 10% to 15% increase in patient revenue secured. In the next 90 days, revenue should increase to 40%, then to 60% in the next 90 days. The VestaCare system has proven effective in the ER as well as for outpatients, inpatients, surgery and ancillary service departments.

VestaPay is proven effective in the ER, as well as for outpatients, inpatients, surgery and ancillary service departments. To learn more about how VestaPay can benefit your hospital, call VestaCare at 858.454.7800.

Contact Us

  • 7825 Fay Avenue, Suite 200
    La Jolla, CA 92037
  • Call: 858.454.7800 | Fax: 858.454.8680

VestaCare is devoted to helping hospitals and other medical care providers secure a higher percentage of their patient-responsible revenues, while ensuring patients are treated with compassion and respect. The company is located at 7825 Fay Avenue, Suite 200 in La Jolla, CA 92037. Call: 858.454.7800 or fax: 858.454.8680.