PatientPay Awarded Provista Contract for Patient Billing and Payment Platform
PatientPay, the leading patient billing and payments partner for acute, ambulatory and specialty care, today announced it has been awarded a contract from Provista, a leading provider of supply chain solutions known for its innovative and cost-effective solutions. Provista is a member of the Vizient family of companies that serves healthcare clients across non-acute, ambulatory care, long term care, physician office and home health organizations. Under the new agreement, Provista participants can leverage PatientPay’s digital billing and payment platform to accelerate patient payment and drive better financial outcomes.
Key Highlights
The Need for Better Solutions: Many factors contribute to a physician group’s margin, but as patients are becoming increasingly responsible for larger portions of their bills, organizations are feeling the pressure to capture more patient payments as quickly as possible.
Better Results: For Provista’s thousands of healthcare members, both top and bottom line revenue gains can be crucial to their viability. By increasing dollars collected by 50% AND decreasing costs by 50%, providers can focus more on quality of care and strong clinical outcomes.
“Our ability to vastly increase payments, accelerate the time to collect, and reduce paper statements by up to 50% is one of the reasons our partners trust and depend on us,” says Tom Furr, CEO of PatientPay. “Through this agreement, healthcare providers in the Provista network will have increased access to the platform that offers further control over their finances and the ability to win back much-needed revenue.”
Benefits and Future Innovations
This partnership allows PatientPay to deliver Provista members best in class capabilities to the ambulatory healthcare market. Healthcare providers can expect increased collection rates, reduced costs, and an enriched patient payment experience through advanced digital infrastructure. In addition, PatientPay will continue innovating for pre-service, time-of-service and post service patient financial responsibility to bring greater value to the membership.
Learn More
For more information about this partnership and its impact on the future of healthcare payments, visit the full press release on Business Wire.
