Infinx to Showcase New Patient Pay Estimate Feature at 2016 HFMA National Institute
Instant Pay Schedules Lessen Patient ‘Sticker Shock,’ Streamline Provider Cash Flow with Minimal Credit Risks
iBridge prevents the ‘sticker shock’ that many patients experience when they receive their first medical bill. At the same time, iBridge front-end billing estimates offer providers a clearer timeline of incoming revenue. It’s a great benefit for both the patient and provider.” - Hiren Kulkarni, CEO, Infinx
Infinx, a provider of revenue cycle management (RCM) solutions for healthcare practices, today announced an advanced patient pay estimate feature is the latest enhancement to its flagship preauthorization software, iBridge. This new feature will be formally introduced to finance professionals in the healthcare sector at the upcoming HFMA National Institute, June 26-29 at the Venetian/Palazzo Hotel in Las Vegas, NV.
iBridge dramatically simplifies RCM workflow, instantly converting patient insurance data into an automated electronic data interchange (EDI) message. This leads to immediate comparison of recommended treatment against the allowed amounts of the payor’s fee schedule, resulting in both coverage verification and preauthorization in as little as 20 minutes. Next, iBridge saves healthcare practices valuable time by providing an automatic calculation of all patient-born costs, including deductible, copay and out-of-pocket maximum, while formatting a convenient payment schedule with details on the patient’s full financial responsibility before they leave the office. Providing this instant payment plan at the outset of care vastly reduces the possibility of patient defaults.
“iBridge prevents the ‘sticker shock’ that many patients experience when they receive their first medical bill,” said Hiren Kulkarni, Infinx CEO. “At the same time, iBridge front-end billing estimates offer providers a clearer timeline of incoming revenue. It’s a great benefit for both the patient and provider.”
Infinx will present live demonstrations of iBridge at HFMA booth #1346, June 26-29. Attendees are encouraged to reserve one-on-one meeting times with Infinx RCM specialists at http://visit.infinxinc.com/hfma-2016/.
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