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Financial Flows

The faster you collect, the more you collect. Offer patients an easy mobile option to pay their bills in minutes.

Increase co-pay collection.

Sixty-four percent of physicians say that increasingly their patients are paying for services that are not covered by insurance. Facilities often struggle to collect co-pays and other amounts due at the time of service. To increase collections and improve the patient billing experience, offer a simple mobile solution to pay at the time of service.

Deliver timely post-visit payment reminders.

Patients receive an average of three statements before they pay their bill. The longer it takes to collect, the less money is collected. At 60 days the collection amount drops to 60-75 percent. Sending reminders via text message as soon as the amount due is known, significantly speeds up the process, helping increase the amount collected.

Update health insurance information.

Sixty-one percent of denials are due to errors like inaccurate insurance or demographic information. Collecting that information electronically can make all the difference. Use text messaging to make sure information is up to date and reduce the likelihood of a claim denial.

Benefits of Financial Flows

Improving the patient billing and collection process continues to be a top priority for healthcare organizations of all sizes. Text solutions speed up the process which has many benefits:

Research has shown

Providers collect 90% or more in 30 days
90
Collection rates increase 25% with digital tools
25
Electronic payment is preferred by 68% of patients
68

SR Health is improving patient experience for leading healthcare organizations.

They know that SR Health is the most practical and innovative solution to drive patient engagement...and they're seeing the impact every day.

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SR Health is improving patient experience for leading healthcare organizations.

They know that SR Health is the most practical and innovative solution to drive patient engagement...and they're seeing the impact every day.

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