The Stats on Patient Financial Engagement

Nearly 64% of early adopters of PFE technology reported increased collections, reduced costs, reduced AR days, and increased patient satisfaction ratings.

Research found that 42% of patients would not return to a healthcare provider after receiving an incorrect bill, and 34% said they would seek care elsewhere if a practice had a confusing or disorganized billing experience.

Automating payments before and after the visit can save healthcare staff a lot of time and frustration. Not only that, but collecting payments automatically means the practice won’t have to sell an uncollected payment to a debt collector just to receive a fraction of the actual bill.