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The Key to Effective Revenue Cycle Management
Every healthcare provider or organization has revenue cycle management among its most critical objectives.
The only true way to drive radical improvements in the revenue cycle is by using proven software solutions that streamline workflow processes and increase efficiencies in billing, payment processing and management.
Hospitals, family practices, clinics and other healthcare providers need solutions that enable a faster rate of bill collection while minimizing administrative costs. Making it easier for patients to pay their bills plays a huge role in increasing cash flow while also greatly improving patient satisfaction.
The CBOSS e-payment process solution can address and solve these mission critical issues for improved revenue cycle management and the patient experience.
CBOSS brings healthcare organization the solutions, services and the experience necessary to achieve aggressive business objectives of total revenue cycle management:
- Online payment processing
- Revenue generation and management
- Workflow automation
- Business process management
Today, most medical billing and payment processing is paper-based and manual. This process, as any healthcare provider can attest, is fraught with inefficiencies. Healthcare providers are just beginning to reap the value of web-based billing and even more importantly, automated, online payment processing, delivered by solutions as the Central Payment Portal.
The CBOSS CPP addresses the key benefits of flexibility, centralized management and ease of use, all critical to a healthcare provider's ability to operate efficiently and better serve patients.
The CBOSS Central Payment Portal (CPP) supports multiple payment application via the Web, IVR, or over-the-counter, making it convenient for the patient to pay bills and to help your organization settle payments faster.
This highly flexible system process most methods of payment -- credit card, checks, cash and remote capture. Designed to function as a common gateway for enterprise-wide payment processing, CPP allows healthcare providers to administer and manage the payment process, with access to all electronic revenue streams for tracking and reporting on all revenue sources from a single, administrative interface. |
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Simplifying the Payment Process
The CBOSS Central Payment Portal addresses and simplifies the payment process for healthcare providers and their patients in three easy steps:
1) A patient logs onto the provider's web site or IVR service, enters the required payment information, and receives a confirmation number,
2) Transactions are automatically settled and deposited daily into the provider's bank accounts,
3) Payment data is provided electronically to your system, regularly providing updates to payment records.
 The Results?
Faster collection, improved workflow, and a more satisfactory experience for both provider and patient.
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Click here to learn about the benefits of CPP in your operation
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