Did You Know?
Why Patient Loyalty Is Important For Your Bottom Line
Patient loyalty leads to bottom line results.
Why Payment Plans Can Be Complex & Costly
40% of Monthly Payments Originates from 4% of Accounts
Best Practice to Accelerate Patient A/R Cashflow
Professionals know pre-bad debt intervention is a key area to accelerate cashflow.
Increase Patient Satisfaction & Loyalty
Give your patients access to the care they want, when they need it, without financial concerns. It's no secret that patient payments are becoming a larger portion of health system revenue, affecting patient's decisions on where to receive services. BloomPayment's loyalty finance platforms promotes your understanding of their financial needs.
Patient Friendly Precollection Option
Reduce the number of delinquent accounts entering late-stage collections by focusing on patients that are willing to pay but don't have the immediate ability to pay the balance in full.
Reduce Cost & Complexity
BloomPayment offers a low cost, easy to implement solution to manage and maintain a compliant payment plan program. Healthcare providers are able to reduce their cost and compliance burdens associated with payment plans. Business offices using the BloomPayment program are able to productively refocus resources on future appointments instead of chasing past business.
Increase Cashflow: Finance Patient A/R
BloomPayment's finance platform converts Patient A/R into cash for well qualified providers. BloomPayment coordinates funding of the remaining balance due and continues to service the account.
How does it work?
Step 1: Choose when to offer BloomPayment
Step 2: Account is flagged for BloomPayment in your billing system
Step 3: Account is sent via daily batch file or your preferred method
Step 4: Patients setup payments through BloomPayment
Step 5: You receive the funding
Step 6: BloomPayment continues to service the account, monthly statements, collections, and customer service
Design Your Payment Plans
Choose When To Offer
Say something interesting about your business here.
Craft Your Message
BloomPayment offers targeted messaging to increase patient engagement and loyalty.
Design Plans Your Patients Want
Design patient payment plans unique to their needs while conforming to your financial policies. BloomPayment's flexible program allows you to step up the minimum payment due as balances increase while allowing longer payoff periods for high balance accounts.
Choose the Remittance You Want
Patients send their scheduled payments to BloomPayment on a monthly basis. However, you get to choose when and how you receive those payments.
Payment Plan
Patients send their payments directly to BloomPayment. BloomPayment will process all payments, organize the payments into an electronic file, and remit them on a weekly basis.
Financed
BloomPayment will coordinate funding, remit remaining balance due in one lump sum to the heatlhcare provider, and continue to service the account.
Easy Integration & Implementation
BloomPayment's system has been engineered to work with your existing billing and payment systems.
Easy Placement Options
Simply flag the account in your billing system to send accounts. BloomPayment provides several options to place accounts, including online patient requests, online portal account placement, batch file placement, and manual entry.
Payment Remittance
Payments are remitted weekly to your bank and includes an electronic PDF remittance invoice and electronic file built to your billing software's specification, including EDI 835 remittances. Other options include check and mailed invoices.
Additional Services
Call Center Support
First party call center support includes various degrees of patient interaction from simple payment or appointment reminders to full business office integration.
Billing Statements & Letters
Mailings include simple outbound letter reminders and billing statements to full inbound lockbox, payment portal, and mail return processing.
Process Automation
Is manual data entry or processes slowing down your business office? Services include manual data entry support to full automation of your business office operations.
