Patient-centric payment solution provider will feature its app- and portal-free payment platform in booth #14037 in the Revenue Cycle Pavilion and booth #69 in the HX360 Innovation Pavilion
Chicago - (NewMediaWire) - February 18, 2016 -- SwervePay Health CEO Jaeme Adams will examine how the complexity of interacting with portals, mobile apps and other patient-facing technologies contributes to $150 billion in uncollected revenues each year in two separate presentations at HIMSS16. During his sessions, Adams will also demonstrate how enabling patients to securely and easily submit payments via text messaging can increase collections, reduce bad debt write-offs and establish the technical credibility that sets the stage for broader patient engagement initiatives.
“Despite being the second largest payer group in healthcare, patients are rarely recognized as customers by healthcare organizations. It’s an oversight that has resulted in more than half of all patient payments going uncollected every year,” said Adams. “Even when hospitals and practices attempt to engage patients with patient-centric technologies, utilization falls far short of expectations because of the complexity involved with even basic interactions.”
On Tuesday March 1, Adams will present “No app required: A text can boost revenue, reduce costs” from 10-10:20 a.m. PST in the HX360 Innovation Pavilion Theater at HIMSS16, which takes place in Las Vegas February 29-March 4, 2016. The session will explore how simplifying the payment process by replacing apps, portals and repetitive paper statements with a simple text message that lets patients securely submit payments with one click can increase revenues and strengthen patient loyalty. This also creates a conduit to broader, more innovative patient engagement strategies by establishing technical credibility and a trusted patient-provider relationship.
On Wednesday, March 2, Adams will present “Empowering Patients to Optimize the Revenue Cycle” from 11:30 a.m.-Noon PST in the Revenue Cycle Pavilion Theater. The session will examine patient payment challenges and highlight how patient-centric payment tools that leverage consumers’ preference for online and mobile communications can increase collections while reducing both bad debt write-offs and administrative/statement costs.
“By eliminating the need to wade through complicated download, installation, registration and log-in processes and by staunching the flow of paper and electronic bills and statements that flood patients’ mailboxes, SwervePay Health’s innovative patient-facing payment solution allows a patient to regain control and drives immediate results,” said Adams. “Our clients report increasing collections by as much as 15 percent. They also realize substantial savings by eliminating the costs associated with traditional billing and collections, allowing a practice to refocus on patient care.”
SwervePay empowers patients to pay their bills on the go, without paper or mobile apps, by leveraging one of the most effective and accessible means of communications today – the text message. The portal-free platform eases the payment process and alleviates manual tasks in the revenue cycle process. With its powerful and secure integration engine, as well as back-end electronic health record automation, SwervePay enables healthcare providers to more easily and quickly collect patient balances, while patients benefit from the convenience of one-click payments. In addition to reducing outstanding patient balances, SwervePay lowers debt and administrative costs for hospitals.
SwervePay is leading the patient-centric revolution by reducing the complexity of interacting with today's patient-facing technologies and eliminating mobile apps and repetitive paper statements. Physicians and hospitals are able to engage patients with a simple text message that lets them securely submit payments and with one click. The cloud-based system presents the right data at the right time, greatly improving patient payment resolution. SwervePay eliminates statement cost, improves staff efficiency and collects patient balances faster. SwervePay draws on a proven track record of success to significantly increase cash flow to hospitals, health systems and practitioners. Learn more about SwervePay Health at www.swervepayhealth.com.