GREENSBORO, N.C.--(BUSINESS WIRE)--One of the biggest complaints hospitals receive is that many patients don’t understand their bills or have simple, convenient ways to pay. Cone Health heard those complaints and took action. Cone Health now issues easy to understand patient bills with multiple payment options by partnering with Patientco, the industry-leading patient revenue cycle technology company, to provide patients with a consistent way to track, understand and pay medical bills through the PatientWallet™.
“While Cone Health holds itself to high standards of care and quality, the financial experience for our patients was coming up short – in large part due to statements that were difficult to understand,” says Cone Health Vice President of Revenue Cycle, Mike Simms. “Through our partnership with Patientco, everything is now easy. A woman can find and pay bills for her obstetrician, labs, labor and delivery, and pediatrician services all in one place. And even better, she can understand them.” Of course patients can still pay bills through a 24/7 automated phone system, through the mail or in person as well.
Cone Health’s new patient bills were designed by consumers, for consumers, with user-friendly features such as everyday language, icons and summaries to help patients understand their charges, how to make a payment or even ask a question. Since the system integrates with Cone Health's electronic medical record systems, the bill exactly matches the services provided.
With more people buying insurance plans that leave them paying more of the bill, Cone Health recognized the increasing need for helping patients know their responsibilities upfront and making it easy to understand and pay their bills. Cone Health’s partnership with Patientco enables a better experience to help patients understand, manage and pay their health care bills.
“Patients are the fastest growing payer in health care and organizations must adjust their patient payment strategies to account for this tremendous shift,” says Patientco CEO Bird Blitch. “We are looking forward to collaborating with Cone Health and are committed to delivering outstanding patient revenue cycle technology to help them provide exceptional service to their customers and strengthen their top and bottom line.”
Cone Health is committed to being a national leader in quality, service and cost. The Network for Exceptional Care consists of Alamance Regional Medical Center, Annie Penn Hospital, Cone Health Behavioral Health Hospital, The Moses H. Cone Memorial Hospital, Wesley Long Hospital, Women’s Hospital, LeBauer HealthCare, MedCenter High Point, MedCenter Kernersville, MedCenter Mebane and various outpatient clinics and programs. More than 11,000 exceptional people provide exceptional care to the people of Guilford, Alamance, Rockingham, Forsyth, Caswell and Randolph counties.
Patientco is a leading provider of patient revenue cycle technology designed to increase revenue and cut costs by simplifying the payment process for patients and streamlining the patient revenue cycle for providers. With Patientco’s cloud-based patient payment platform, providers can easily manage every aspect of the patient payment process across the IDN; from point of service to the last payment posted. As a result, providers see increased patient revenue, decreased costs-to-collect, improved patient satisfaction, and greater business office efficiency. To learn more, call 888-747-2455 or visit info.patientco.com/providers.