With patients owing more and more in out-of-pocket costs, your ability to efficiently collect balance-after-insurance and reduce bad debt becomes even more critical. Waveland offers a suite of self-pay collections data solutions that leverage credit and non-credit data sources, highly predictive decision models, and account segmentation capabilities to improve staff productivity and ensure collection treatment strategies are tailored to the patient’s unique financial situation.
Additionally, our solutions help clients comply with 501(r) reporting requirements by enabling the collectors to identify which self-pay accounts can be segmented for collections and which accounts can be presumptively qualified for charity care.
With patients taking on more financial responsibility for medical costs, providers are under increased pressure to make smarter decisions that improve collections and reduce bad debt. The key to making smarter decisions is more intelligent data.
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