Millennia Names Brian Foxworthy as CFO
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We recognize that your gastroenterology patients require a wide range of care. Some may be coping with digestive problems, abdominal pain or colon issues. It is important that they feel supported and at ease from their first interaction until their last payment. Since stress can worsen gastroenterology conditions, reducing the stress associated with managing their payment journey allows them to stay focused on treatment, while reducing your team’s administrative load.
Patient financial responsibility for healthcare expenses is rising, while collection of patient revenue is declining. To help providers manage the patient side of the revenue cycle, Millennia has developed a unified, patient-centric solution.
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Millennia Patient Payment Solution manages patient payment processes for gastroenterology practices through a unified solution that increases patient collections by engaging patients and improving their patient journey. Our solution features digital tools customized to your needs. Upgrade your gastroenterology practice with Millennia.
The Millennia Patient Payment Solution improves patient engagement to increase revenue. We provide an excellent patient payment platform for gastroenterology practices with powerful tools for fostering quality patient interactions — from pre-visit to the final payment. Here is how Millennia helps improve patient engagement:
Millennia’s integrated gastroenterology 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.
While the priority is clinical care, effective billing methods and revenue cycle management are also critical components of a thriving gastroenterology practice. Strategic patient revenue cycle management for gastroenterology practices is essential for maintaining financial health.
In the past, patient payment outsourcing for gastroenterology, including early out services, was a way for providers and organizations to improve cash flow and reduce bad debt. But today’s patients expect more streamlined and efficient methods. The old approach doesn’t meet those expectations. It often relies on outdated tactics like repeated phone calls, which aren’t practical or effective.
Millennia is not an early out service provider but an integrated patient payment solution. It uses smart technology, data-driven engagement and live concierge support services to deliver better service and financial results.
Millennia Improves Patient Payment for Gastroenterology Practices Like Yours
*Individual results may vary
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With Millennia, St. Clair Hospital increased self-pay recovery to over 50% by offering patients more convenient ways to pay. The hospital also achieved 98% patient satisfaction and reduced wait times to under a minute.
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Millennia becomes a vital addition to your revenue cycle 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.