1 / 11

Retail Healthcare It’s About Getting PAID.

Explore the changing healthcare industry and the importance of adopting a retail mentality for getting paid. Discover key points for success, including process change, embracing technology, starting now, and committing to change.

jgrimes
Download Presentation

Retail Healthcare It’s About Getting PAID.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Retail HealthcareIt’s About Getting PAID. William Todd Andros, CEO tevixMD

  2. 5 Key Points (tenants) for New Healthcare Landscape • Healthcare has changed - RETAIL • Process change is Required • Technology is available • Start Now - takes time implement • Commitment

  3. Key Point #1 • Healthcare has changed - Retail • What is Retail Healthcare? • Patient is now responsible for payment! • Millions have high deductibles • Deductible Trap • 90% - Have a $2,000 or higher deductible • It’s not about Eligibility its about getting PAID

  4. Key Point #2 • Change in process Required to survive • Retail mentality - GET PAID • Collect before processing • Check Every Patient Every time • Collect before services provided • Why run a $5 test? • Make $4.90 • Get costs covered! Minimum • Especially difficult for Path Labs • New use for call centers

  5. Key Point #2

  6. Key Point #3 • Embrace technology • Technology is available • Need a solution that get you paid in less than one minute • Limited IT involvement • No third party involvement • No software or hardware to purchase • Minimum Requirements • Fast ,real-time data, ability to collect, limited IT footprint, easy to use

  7. Key Technology Requirements • Easy Search • Access to over 760 payors • Integrated co-pays and deductibles • Integrated credit card collections and cash collection • Integrated documents • Patient Centric Data • Integrate with all 3rd parties • Service Example: tevixPAS - DEMO

  8. Key Point #4 • Start Now! • Takes time to plan • Create new processes • Create out bound call center ….. etc.. • Takes time to implement • Training • Follow up • Adjust

  9. Key Point #5 • Commitment • Starts at Top • Employees need to know the importance • Manage through issues • Adjust for real world Deductible Traptm

  10. Key Points • Time for a change in mind set • The old processes create bad debt • “Retail” mentality is required to survive • Check information ID/payment source • Before services provided • Technology is available and inexpensive • Do not accept modifications to old process • Quality of data important • Do not accept carbon credit card type documents • Change before its too late – GET PAID

  11. Retail HealthcareIt’s About Getting PAID.

More Related