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CarePayment Named Top Performer in Patient Financing and Financial Engagement Solutions by Black Book Research - Read Press Release
Blog | May 21, 2024
Epic Systems is one of the leading Electronic Health Record (EHR) platforms, with more than 250 million patients having electronic records within its system. Its widespread use across various health systems and academic medical centers highlights its critical role in modern healthcare delivery. Effective Epic integration not only enhances clinical workflows but also significantly impacts administrative and financial processes.
In this post, we’ll cover:
The seamless integration of patient financial solutions within EHR systems like Epic is transforming the healthcare landscape. As the industry continues to evolve towards more patient-centered care, the need for efficient, transparent, and user-friendly financial engagement solutions has never been greater. This shift is driven by the growing demand for self-service, automation, and digital experiences in healthcare.
The integration of patient financial engagement solutions into Epic is a strategic move that simplifies the payment process for patients while enhancing operational efficiency for healthcare providers. Here are key integration points that exemplify this:
By leveraging these advanced Epic integrations and features, healthcare organizations can meet the growing demand for digital and self-service options, ultimately delivering patient-centered care and ensuring sustainable healthcare systems. Integrating payment options directly into Epic allows providers to create a seamless digital patient experience, managing their bills, selecting financing options, and confirming transactions within familiar platforms. Simplified processes reduce the stress associated with managing medical expenses, allowing patients to focus more on their health and recovery.
Enhanced provider efficiency is a significant benefit of integrating patient financial information within Epic. This consolidation improves access to data and reduces administrative workload, allowing providers to focus on delivering high-quality care instead of managing financial logistics. Automated data transfers and integration, using the standard Epic Collections Extract File and Epic Clarity File, minimize errors and ensure information is accurate and up-to-date. Providers can refer accounts to CarePayment at any point during the billing process using billing indicators and agency codes. Cash is posted through Epic’s Self-Pay Remit File, and accounts are returned using the Billing Indicator Import File. This seamless process moves eligible accounts to the next billing step without manual intervention, further enhancing efficiency and accuracy.
Better financial health for both patients and providers is a crucial outcome. Offering flexible financing options helps patients manage their medical expenses more effectively, reducing financial strain and potentially improving adherence to treatment plans. Improved patient engagement and streamlined payment processes also reduce the amount of uncompensated care, enhancing the financial stability of healthcare providers.
In today’s healthcare landscape, flexible payment options are crucial. CarePayment’s integration within Epic offers seamless solutions for patients and significant financial advantages for providers.
For Patients:
For Providers:
CarePayment’s integration within Epic benefits patients by simplifying healthcare expenses and providers by increasing revenue and efficiency, ultimately improving accessibility and affordability in healthcare.
Choosing a patient financing partner who understands the inner workings of the Epic system offers a seamless, transparent, and efficient financial experience for both healthcare providers and patients, ultimately improving the affordability and accessibility of healthcare services.
CarePayment’s integration within Epic benefits patients by simplifying healthcare expenses and providers by increasing revenue and efficiency, ultimately improving accessibility and affordability in healthcare. Partnering with Epic experts like CarePayment unlocks additional value, making the digital patient experience a smoother and much more engaging financial journey.