Medical Billing Software Benefits & The Challenges It Solves.pdf
DQ Flyer v3.1 RCMG
1. Collect More Cash for
your Office....
Today!
Introducing Direct Quote 2.0
Your Healthcare Cash Management Solution
■ Collect
patient balances
at
the
time
of
service.
■ Web based solution, easy to Install.
■ Stop chasing Patients for balances, eliminate statements and Bad Debt.
Patient Payments are Critical to Your Practice
With the explosion of high deductible plans, payers have shifted the credit risk of patient bad debt
and delayed payments to the practice. Today that risk represents 30% of most practices revenue.
As Costs steadily rise, providers can expect this trend to continue according to MGMA.
It’s never been more important to know what the patient owes at the point of service and collect full
payment before the patient leaves the office. Once your patient leaves your office, the odds of
collecting drops significantly as studies show it takes over three statements to collect those
balances today.
The Solution: Direct Quote 2.0 from Exchange EDI
2. Accept any Form of Payment
Anywhere, Anytime.
The Direct Quote Payments Gateway, a HIPAA
compliant virtual payment terminal designed
specifically for healthcare offices, allows you to tie the
patient account, provider, location, department and
claim ID to the payment transaction. It also supports
multiple locations from one portal account making it
easy to view.
• Processes major credit and debit cards (VISA®
,
MasterCard®
, American Express®
and Discover®
).
• Maintain your patient's Card on File for one-time
payments or recurring payments plans.
• Send emails / texts to patients regarding transactions.
• Supports direct debit from patient’s checking or
savings account and converts paper checks to
electronic funds transfers.
• Generates electronic transaction reports that can
auto-post back into your PMS/ HIS system.
• Protects patient information using standard security
and operational standards to protect card and account
holder data and processes all transactions with
HITECH / PCI Compliance.
• Replaces your exisiting credit card terminal... no
more expensive dedicated phone lines. Best of all,
the D.Q. Payments Gateway can be up and running
within minutes — without any expensive equipment,
lengthy training or change to your billing or practice
management system.
• Manage payments with online reporting.
• Allow patients to make payments remotely via the
Patient Payment Portal or from their smartphone.
Process All Forms of Payment, PLUS
Real-time Estimation / Eligibility.
The Direct Quote Patient Estimator offers all of the
payment and reporting functionality of the Payments
Gateway, and adds the necessary tools for offices to
accurately estimate patient financial responsibility at
the point of service:
• Cloud-based, real-time health plan eligibility
verification at the point-of-care.
• Flexible options in the Patient estimator tool where you
can create a demand estimate at check in /out or
bundled estimates for those multi-CPT driven visits.
• Determines in seconds what the patient owes, rather
than days.
• Shows remaining deductibles, co-pays and coinsurance.
• Calculates patient charges against contracted rates
with national and regional payors.
• Produces a Professional easy to read estimate of the patient
responsibility.
• Ability to send emails / texts to patients regarding transactions
• Interfaces with your Practice Management Systems
to create a true turnkey solution.
Benefits of the Exchange EDI
Product Suite:
For Providers:
• Improves cash flow to address High Deductible Plans.
• Reduce statements, labor costs and bad debt.
• Estimation provides patient education on their balances.
• Facilitates payment of the growing consumer liability.
• Minimizes calls from patients and to payors, questioning
payment outcomes, benefits and eligibility.
• Creates a more efficient, stress-free environment for
your administrative staff.
For Patients:
• Reduces confusion about balance owed.
• Allow patients to know out-of-pocket costs at time
of service when payment options can be discussed.
• Increases level of satisfaction with provider.
• Provides payment flexibility.
For More Information:
Ray Peloquin MPA
Revenue Cycle Management Group LLC
ray@rcmg.net
(561) 557.5646
Revenue Cycle Management Group, LLC
• Auto-Settlement pre-notifies the patient of their
responsibility (Email / Text) once the Payers
remit comes back to the practice and validates
the patient has a Card on File - it will then
auto-settle and auto-post the transaction back
into the PMS / HIS system.