HPM Essentials is based on US Bank’s well-regarded and peer-reviewed Healthcare Payment Management program. It enables doctors’ offices to collect more patient self-pay balances – such as co-pays and deductibles – at the time and point of care.
However, it is tailored to the unique needs of the private practitioner. With this tool users can accept and track payments via credit card, debit card, cheque or cash and select additional functionality to meet the specific requirements of the facility, such as real-time insurance eligibility verification, out-of-pocket payment estimation, and payment plans.
Healthcare Payment Management is currently used by more than 8,200 healthcare professionals at 1,300 outlets nationwide.
Ralph Bernstein, Senior Vice President of US Bank Healthcare Payment Solutions, said: “At a time when bad debt can run as high as $159,000 per provider office, the healthcare community is hungry for payment solutions that support both good business and good care. Our HPM suite does just that. Physicians understand that with the right tools, they can significantly reduce bad debt and the associated collection costs. Our products are easy to use, support the doctor’s need to capture more payment when care is delivered, and enhance the relationship between patient and physician.”
