Last month, Nashville-based Frost-Arnett, a large national player in accounts receivable management (ARM) for the healthcare industry, announced a strategic alliance with Illinois-based HealthiPASS, a revenue cycle solution that helps assure and accelerate collections while bringing price transparency to the patient payment experience.
Officials with the two companies said the alliance adds an important front-end accounts receivable patient payment solution to Frost-Arnett's business services portfolio and introduces HealthiPASS to a qualified healthcare national provider network seeking to reduce bad debt and fast-track revenue collection. The alliance supports Frost-Arnett's pursuit to help clients with the increasing challenge of resolving patient balances in the wake of increased prevalence of high deductible health plans and out-of-pocket financial responsibilities for consumers.
"The HealthiPASS solution is complementary to our core services," said Jason Meyer, CEO of Frost-Arnett. "We will now be the only ARM company that provides a true end-to-end suite of solutions for resolving the patient-pay portion of healthcare from check-in through delinquency."
HealthiPASS features self-service patient check-in and check-out; real-time insurance eligibility verification; instant patient visit cost estimates; automatic collection of prior balances, copays and pre-service deposits at check-in; and automatic collection of patient balances after insurance payment without paper statements or harsh collection practices.