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Dermatology

Patient Payment Solutions for Dermatology

Dermatology Revenue Cycle Management

Dermatology practices handle a wide range of patient concerns daily. From chronic skin conditions to suspicious rashes and unexpected breakouts, conditions are often deeply personal. Patients must feel cared for at every step, from their first appointment to their final payment. That early experience builds trust, strengthens engagement and sets the tone for lasting relationships.

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But with increasing patient responsibility, staffing pressures and tight regulations, keeping the revenue cycle running efficiently while focusing on care can be challenging. Millennia Patient Payment Solution enables dermatology providers to create a more connected patient experience that improves satisfaction and gets paid faster.

Millennia Patient Payment Solution for Dermatology

As patients take on a larger share of their healthcare costs, many providers see a drop in patient revenue collection. To help address this issue, Millennia offers a unified, patient-focused solution that supports every stage of the revenue cycle for patient payments in dermatology.

Our Patient-Focused Technology and Services:

  • Help patients understand what they owe and offer multiple payment options
  • Give providers a user-friendly way to increase patient payments
  • Provide analytics and reporting on patient revenue cycle performance and results

Learn More About Our Solution

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  • Payment Protection

    Increase patient payments

  • Working

    Reduce administrative costs and burden

  • Group Users

    Deliver a positive patient financial experience

Maximize Patient Revenue Collections for Dermatology With Millennia

Millennia offers a comprehensive solution for dermatology practices to enhance the patient's financial experience and drive revenue growth. Our advanced platform streamlines the patient payment processes, helping optimize your organization's revenue cycle. Elevate the management of your dermatology practice with Millennia Patient Payment Solution.

Patient Engagement

The Millennia Patient Payment Solution improves patient engagement to increase revenue. We provide an excellent patient payment platform for dermatology practices with powerful tools for fostering quality patient interactions — from pre-visit to the final payment. Here is how Millennia helps improve patient engagement:

  • Simplified pre-payment: Millennia makes prepayment stress-free for both you and your patients by collecting payments based on your estimates using text messaging and our patient payment portal
  • Tailored service: Our solution features machine learning and artificial intelligence capabilities that enable a personalized approach for engaging with patients based on their payment preferences and past behaviors.
  • Seamless payment collection:  Simplify patients’ lives with a solution that lets them manage payments how they want. Our patient self-pay solution for dermatology meets patients where they are for a hassle-free payment journey. With several payment options, patients can use their preferred method, including mobile payment options, text-to-pay and chat pay.
Patient Payment

Millennia’s integrated dermatology practice patient payment portal offers patients secure and flexible payment options that can be completed from their internet-enabled devices. Additionally, the digital interface adapts to any screen for increased user-friendliness. Offering the convenience of compliant and secure online billing through an easy-to-use portal reduces the cost of collecting payments while increasing collections to the bottom line.

  • Transparent billing: Each patient statement provides a detailed breakdown of services, payments and charges, ensuring clarity and transparency around billing. This transparency helps patients easily understand what they owe and for which services. Millennia’s concierge support service is readily available via phone or live chat for any payment inquiries.
  • Dynamic QR code: Every printed and digital statement includes a personalized QR code that links patients directly to their secure payment page, displaying their current balance in real time. Patients can make quick payments without logging into a portal or navigating a website.
  • Designated phone line: Each statement includes a phone number assigned to your practice or facility. Millennia’s patient concierge support specialists can access organization-specific and patient information, enabling us to deliver personalized assistance as your team would.
Streamlined Patient Revenue Cycle

While the priority is clinical care, effective billing methods and revenue cycle management are also critical components of a thriving dermatology practice. Strategic patient revenue cycle management for dermatology practices is essential for maintaining financial health.

  • Proactive billing practices: Millennia uses automation and personalization to engage patients and encourage full and timely payments. These features improve cash flow while reducing the costs involved in collection.
  • Targeted communication: Millennia utilizes engagement intelligence, a tool that uses state-of-the-art analytics and systems to create engagement strategies tailored to patient preferences. It therefore facilitates an increase in payment speed and collections, improving your revenue cycle.
  • Improved payments: With several payment options and enhanced patient experiences, our convenient patient payment platform for dermatology practices reduces outstanding balances and promotes faster payment. This results in a steady revenue cycle.

Millennia vs. Dermatology Early Out Services

Traditional early out services were popular for improving cash flow and minimizing bad debt in the past. However, this type of patient payment outsourcing for dermatology lacks the innovation to meet modern patient needs and often involves calling patients for payment. It’s also inadequate to meet the efficiency goals of dermatology practices.

Millennia is not an early out vendor. It’s an advanced patient payment solution that delivers more superior financial results than traditional collection strategies by combining advanced technology, engagement intelligence and concierge support services for a truly outstanding patient financial experience.

Dermatology by the Numbers

Millennia Improves Patient Payment for Dermatology Practices Like Yours

  • 63% Patient revenue collected within the first 30 days — more than double the industry average of 28%.
  • 84% Patient revenue collection rate vs. 45% before using Millennia
  • 87% Increase in revenue with Millennia
  • 96% Patient satisfaction
  • 93% Patient payments processed using technology

*Individual results may vary

See What We’ve Done for Others

READ ALL SUCCESS STORIES

Schweiger Dermatology Group experienced an 182% increase in revenue with Millennia. The organization’s patient revenue collection rate rose from 28% before Millennia to 79%.

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Learn how Millennia can benefit your patients & your practice

Millennia becomes a vital addition to your dermatology RCM team, managing the entire patient payment experience from pre-visit to final payment based on your existing workflow. If you want a better experience for both your patients and staff, contact our team today to schedule a consultation.

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