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PERFECTING PATIENT PAYMENT
The patient side of the healthcare revenue cycle requires multiple and often labor-intensive processes to ensure optimal revenue collection. Millennia’s Patient Payment Solution brings together all those processes in one unified platform.
When you implement Millennia Patient Payment Solution, technology, services and engagement intelligence features work together to enable digital payment, increase revenue, reduce costs and improve patient satisfaction. The Millennia Patient Payment Solution is powered by AI, creating a patient-centric experience that allows patients to engage with and adopt the technology that they choose. Our solution effortlessly integrates with your existing strategies for hassle-free implementation and adoption.
Millennia is dedicated to helping healthcare organizations increase revenue through enhanced patient experiences and streamlined patient financial journeys utilizing technology. We provide a comprehensive solution that engages your patients and improves their post-visit financial experience. With our technology-led features, you can streamline all aspects of the patient revenue cycle — including payment processes, digital and mobile payment options, and patient satisfaction.
At Millennia, we believe patient experiences are central to increasing revenue. Contact us to learn more about how Millennia Patient Payment Solution can help you collect more patient revenue.
We’re not like the conventional options for patient billing and payments, like early out providers. Our industry-leading approach leverages advanced technology and human connections to increase revenue, promote engagement and provide specialized support. We’ve built our solution to truly optimize the patient payment experience, drawing from more than 1 billion patient interactions. Millennia delivers measurable financial and efficiency results for health systems and hospitals, physician practices and healthcare portfolio companies.
Our services are completely white-labeled. Statements display your organization’s name and branding, and each customer interaction consistently extends the experience that begins in your office. With our skilled payment specialists as part of your team, your in-house workforce can devote their time and resources to other critical duties.
Millennia boosts average collections by 100% for our customers, taking them from a 20-30% average payment capture rate to 40-60%.
St. Clair Hospital in Pennsylvania came to Millennia for help transforming its patient billing approaches. Our partnership decreased lengthy, frustrating wait times to nearly zero and improved patient satisfaction with payment experiences to 98%.
NMC partnered with Millennia and increased its rate of self-pay and post-adjudication collections to over 40%, more than double the national hospital average of 15-20%.
OrthoVirginia achieved a 94% self-pay collection rate and reduced bad debt exposure by 19% after integrating Millennia into its healthcare revenue cycle management strategies.
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Millennia is more than patient-centric technology that creates a better payment experience — it’s your key to unlocking improved financial performance for your organization. Our solution increases patient revenue collection while also streamlining operations for high efficiency. Let’s explore what we can achieve together. Request a free assessment of realistic results based on your unique metrics, and see Millennia in action.
