Tag: patientco
Waystar to buy Patientco
July 19, 2021HME News Staff
LOUISVILLE, Ky. – Waystar, a provider of health care payments software, has announced plans to acquire Patientco, a provider of omnichannel patient payments, communications and engagement software. Together, the two companies will offer patients consumer-friendly experiences when paying medical bills, while simplifying how providers receive and process payments both before and after care delivery, according to a press release. “Waystar’s purpose is to simplify health care payments,”...
In brief: AAH says to keep using WOPDs; CareCentrix provides additional details on change
January 17, 2020HME News Staff
WASHINGTON - AAHomecare recommends that providers continue to obtain written orders prior to delivery for HME until CMS publishes a “required list.”
Earlier this month, the DME MACs said a new standard written order would be the only type of order needed for HME claims starting with dates of service Jan. 1, 2020. But it also said certain HME on a “required list” would still be subject to face-to-face and WOPD requirements.
While AAHomecare has confirmed that as of Jan....
HFMA recognizes Patientco billing solution
January 16, 2020HME News Staff
CHICAGO - The Healthcare Financial Management Association has awarded Patientco's billing and payment platform the “Peer Review by HFMA” designation. “Achieving this designation is a testament to the value Patientco delivers for our health system clients and their patients,” said Bird Blitch, Patientco CEO. HFMA is a membership organization for healthcare finance leaders with more than 50,000 members. Its peer review process includes a panel review composed of current Patientco...
Moneyline: Patientco, TwelveStone receive investments; DME Express makes buy
July 26, 2018HME News Staff
ATLANTA - Patientco, a patient billing and payment technology company, has raised $28 million in Series B growth capital.The investment was led by Accel-KKY, with participation from existing investor BlueCross BlueShield Venture Partners/Sandbox Advantage Fund. It will be used to accelerate growth, expand sales and marketing, and further product innovation.“We are solving an unprecedented affordability crisis in health care,” said Bird Blitch, co-founder and CEO of Patientco. “We...
Patientco adds millions of users
April 14, 2015HME News Staff
ATLANTA - Patientco added more than 2.4 million patients across multiple healthcare providers to its user base in the first quarter of 2015. The company, which helps providers collect patient payments, says enhancements like the new mobile-ready PatientWallet have helped to drive growth. “Healthcare organizations are learning how to factor patients into the traditional way they've operated from a revenue cycle perspective, which is not an easy task as most are dealing with shrinking margins,...
Collections: Consider impacts of self-service
May 23, 2014Kurt Lovell
A. A billing manager recently shared with me: “I don't really have a collection problem, I have a payment processing problem.” Wow. That's a nice problem to have, isn't it? She's hitting her collection goals, but the cost of collecting is too high. Most providers that I speak with have both problems—they're not collecting enough and the cost of doing so is ever increasing.Often the prescription for this ailment is online bill pay or a pay-by-phone solution, etc., as these patient...
Collections: Guide patients through process
April 25, 2014Kurt Lovell
A. Now more than ever, patient pay is a critical part of your revenue. Making a few simple process changes will earn you more patient revenue and lead to greater stability for your business. Let's look at three easy improvements you can make to your patient payment process to improve your collection rate.Focus on accounts that matterAll patient accounts are not created equal—they vary in size, amount and personality (your patients are, after all, human beings). Organize your patient accounts...
Collections: Try a static pool analysis
March 28, 2014Kurt Lovell
A. It's not as clear as you might think. Like any metric, it's critical that you understand the key inputs that lead to your collection rate. Furthermore, being well informed about your measurement is the first step toward improving your results.A collection rate calculation needs to account for more than just total patient payments divided by total patient pay accounts receivable. Fluctuation in the number of patient encounters, age of existing accounts receivable, changes in payer mix, reimbursement...
In brief: CMS briefs, Invacare hires, KCI slips
November 15, 2013HME News Staff
WASHINGTON - A meeting with CMS and congressional staff on DME competitive bidding, originally cancelled due to the government shutdown, has been set for 11 a.m., Monday, Nov. 18, says The VGM Group. Because the briefings, for staff of the Energy and Commerce and Ways and Means committees, will not be public, VGM and AAHomecare are calling on providers to contact their members of Congress to urge them to attend.
Employees return to Invacare facility
ELYRIA, Ohio - A “small number”...
In brief: Drive secures loan, Medtrade recognizes best
October 11, 2013HME News Staff
BETHESDA, Md. - Drive Medical is refinancing existing debt and supporting ongoing capital and growth needs with a $115 million loan, according to financing administrator GE Capital, Healthcare Financial Services. The senior credit facility may be increased to as much as $165 million under certain conditions and can be used to make acquisitions, according to an Oct. 8 release. “GE worked closely with us to provide the capital and flexibility we will need to continue our growth and maintain our...