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Orthopedics

Patient Payment Solution for Orthopedics

We understand patients require many different types of care from your orthopedic practice. They may have a sports injury, need a hip replacement, or suffer from a chronically sore knee. You want your patients to feel comfortable and valued from their first contact with you to the day of their final payment. Millennia manages your practice’s patient financial experience from pre-visit to final payment and can be customized to match your workflow.

Millennia Patient Payment Solution for Orthopedics

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.

Our Patient-Focused Technology & 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 With Millennia Patient Payment Solution

Millennia provides a unified solution orthopedic practices can use to create a better patient financial experience and increase revenue. Our advanced solution manages patient payment processes, resulting in an efficient revenue cycle for your organization. Upgrade your orthopedic practice management with Millennia Patient Payment Solution in these core areas:

Patient Engagement

The Millennia Patient Payment Solution improves patient engagement to increase revenue. We provide an excellent patient payment platform for orthopedics practices with powerful tools for fostering quality patient interactions. Here is how Millennia helps improve patient engagement:

  • 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: With several payment options, patients can use their preferred method — from dynamic QR codes on statements to mobile payment options.
  • Live support: For patients who prefer live assistance, Millennia’s call center is staffed with patient support agents who can answer questions based on your customized processes, using your brand and scripts.
Patient Payment

Millennia’s integrated orthopedic 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.

Streamlined Revenue Cycle

While the priority is clinical care, effective billing methods and revenue cycle management are also critical components of a thriving orthopedics practice. Strategic patient revenue cycle management for orthopedics 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 orthopedics practices reduces outstanding balances and promotes faster payment. This results in a steady revenue cycle.

Orthopedics by the Numbers

Millennia Improves Patient Payment for Orthopaedic Practices Like Yours

64%
Patient Revenue Collection Rate
vs. 40% benchmark
65%
Increase in Revenue with Millennia
96%
Patient Satisfaction
56%
Revenue Collected in 30 Days
vs. 28% industry average
74%
Payments Processed Using Technology

Perfecting patient payment for 150+ orthopedic practice locations

CONTACT US TODAY

Learn how Millennia can benefit your patients & your practice

Millennia becomes a vital addition to your team, managing the patient payment experience based on your existing workflow. It makes life easier for your patients and your staff, while improving efficiency and increasing revenue. If you want a better experience for both your patients and staff, contact our team today to schedule a consultation.

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