lobicompanies.blogg.se

1. RECTANGLE HEALTH PRACTICE MANAGEMENT BRIDGE SOFTWARE
2. RECTANGLE HEALTH PRACTICE MANAGEMENT BRIDGE CODE

RECTANGLE HEALTH PRACTICE MANAGEMENT BRIDGE CODE

The days of paper statement send out a bill, let’s hope they cut a check and send it back are dwindling. And that’s a really good thing for not only the provider, but for the patient experience as well. So things like QR codes are back transparently. I never used a QR code until COVID happened, and now they’re everywhere. And that’s the same concept in today’s healthcare environment. We want to put a QR code on our paper statement. We want a QR code in our operators or exam rooms. We want to make it as easy and convenient for a patient’s day as possible. And then lastly, what we’re seeing is by implementing automation or technology inside the provider’s offices, the providers are now allowed to allocate FTE hours to what they really should be doing, and that’s taking care of the patient anyway. So the consumers, the market, are dictating things like card on file, text to pay, & digital e-statements. The second thing we see is reduced days in AR. So first and foremost is increased collection rate. A consumer or a modern patient will make a payment faster.

So by a healthcare provider offering those functions, the consumer is more comfortable and feels more at ease in making those payments. When we think about that, we think about things like Amazon and Netflix. We have seen consistently an increase in how patients are paying, and that’s digitally.

RECTANGLE HEALTH PRACTICE MANAGEMENT BRIDGE SOFTWARE

The second contactless software is put into place. That’s the first thing that a provider will see. The immediate return by implementing contactless solutions is increased collection rates. So, Brian, in light of many healthcare organizations robust investments in software like our practice management bridge, can you comment on how these software solutions affect their cash flow? How Practice Management Software Affects Cash Flow The first question when companies take a step toward unifying payment options and adopting user friendly payment and engagement technology, they’ve reported to have seen a fast return on investment. In other words, it’s all about ease and efficiency. It’s trimming a day in accounts receivable to help people make payroll. It’s moving finances in so people can pay for expenses like personal protective equipment, rising inflation and wage increases. The way we think about cash flow is the capture of patient payments so that it creates transference.

I’m Michael Berman, and I’m here today with Brian Doyle, vice President of Enterprise Sales at Rectangle Health, to discuss how software solutions like our Practice Management Bridge impact cash flow for healthcare practices in larger organizations. Encouraging technology adoption to increase revenue opportunities.