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What is Experian Health?

The patient access process is crucial for establishing the entire revenue cycle management within the healthcare sector. By ensuring the accuracy of patient information from the beginning, healthcare providers can significantly reduce errors that frequently result in increased workload for administrative teams. Notably, a substantial 10 to 20 percent of a healthcare system's income is allocated to resolving denied claims, with an alarming 30 to 50 percent of these denials arising from the initial patient access stage. Shifting towards an automated, data-driven workflow not only reduces the likelihood of claim denials but also improves access to patient care, facilitated by capabilities like 24/7 online scheduling. Additionally, refining patient access can be achieved by optimizing billing procedures through real-time eligibility verification, which equips patients with accurate cost estimates during the registration process. Moreover, enhancing the precision of registration not only boosts staff productivity but also allows for the quick correction of discrepancies, thus averting costly claim denials and the necessity for further administrative adjustments. In the end, concentrating on these aspects not only protects revenue but also significantly enriches the overall experience for patients, making healthcare more effective and accessible for everyone involved.

What is Bonafide powered by WellSky?

Bonafide, developed by WellSky, serves as a comprehensive solution specifically designed for the distinct requirements of DME providers. This platform streamlines crucial functions such as order management, billing, inventory oversight, and adherence to regulations, allowing DME providers to operate with enhanced efficiency and precision on a daily basis. Its intuitive design and automated features significantly reduce the need for paperwork and manual intervention, accelerate the claims process, and promote smooth coordination in DME delivery operations. Equipped with integrated analytics and instant notifications, teams are empowered to make data-driven decisions, uphold compliance standards, and maintain a competitive edge in the dynamic healthcare landscape. By utilizing Bonafide, DME providers can shift away from outdated practices, thereby enabling them to focus more on providing exceptional patient care. This transition not only improves operational workflows but also enhances overall patient satisfaction and outcomes.

Media

Media

Integrations Supported

ABLE Platform

Integrations Supported

Slack
Zapier

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

$1,500/month
License fees, transactional fees

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support

Training Options

Documentation Hub
Webinars

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Experian Health

Date Founded

1994

Company Location

United States

Company Website

www.experian.com/healthcare/products/patient-access-registration

Company Facts

Organization Name

WellSky

Date Founded

1980

Company Location

United States

Company Website

www.bonafide.com

Categories and Features

Categories and Features

Medical Billing

Not specified

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