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Solve Your Patient Payment Crisis: 3 Easy Steps to Getting Paid

Solve Your Patient Payment Crisis: 3 Easy Steps to Getting Paid. William Todd Andros Founder & CEO tevixMD Corp. We’re Facing a Patient-Payment Crisis. No One is Exempt. The patient is now your 3 rd largest payer

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Solve Your Patient Payment Crisis: 3 Easy Steps to Getting Paid

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  1. Solve Your Patient Payment Crisis:3 Easy Steps to Getting Paid William Todd AndrosFounder & CEO tevixMD Corp.

  2. We’re Facing a Patient-Payment Crisis. No One is Exempt. The patient is now your 3rd largest payer behind Medicare and Medicaid…. responsible for up to 40% of the medical bill. -- American Hospital Association Report, 2014 “The average annual out-of-pocket costs per patient rose almost 230% between 2006 and 2015.” -- Kaiser Family Foundation www.tevixMD.com

  3. Who here believes thatif a patient has insuranceyou’ll get paid? www.tevixMD.com

  4. Finding Insurance ≠ Getting Paid Medical bills for 8 of 10 patients with insurance will NOT be paid. SOURCE: tevixMD internal client data www.tevixMD.com

  5. #1 Healthcare Has Become a Retail Business Patients are now responsible for payment. “The patient is your 3rd largest payer after Medicare and Medicaid.” SOURCE: HFMA Study The DeductibleTrap™ www.tevixMD.com

  6. #2 A New Mindset is Needed Successful Healthcare Providers are adopting a retail approach. • Know who is responsible for the bill. • Collect before processing / services rendered • Change in thinking • Change in tools www.tevixMD.com

  7. #3 Stop Using Old Tools to Solve New Problems New Technology is Available – There Are No Barriers • No software or hardware to purchase • NO IT Department necessary • Almost no capital costs • Quick start-up / 1 business day • Very little training needed • Cloud – Patient centric • Real-time patient options • FIX CURRENT ISSUES / Remove blocks to getting paid www.tevixMD.com

  8. Let’s Do a Little Test to See Why Finding Insuranceis Not Enough… I need volunteers -- non BCBS -- willing to be a patient for our test www.tevixMD.com

  9. tevixMD Demo www.tevixMD.com

  10. Do you still think you’re getting paidif you find insurancefor that patient? www.tevixMD.com

  11. The Patient Payment Crisis isn’t getting better…Success Requires Time & Commitment • It takes time to unfold a new plan • Training, Follow-Up & Adjustments www.tevixMD.com

  12. tevixMD processes are patented. NO ONE does what We Do… Know who’s responsible for the bill Bulk Payments Remove the Blocks to Getting Paid Move validated data into any 3rd party system Patient payment solutions / get paid within 24 hours www.tevixMD.com

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