Patient loyalty leads to bottom line results.
40% of Monthly Payments Originates from 4% of Accounts
Professionals know pre-bad debt intervention is a key area to accelerate cashflow.
BloomPayment is a healthcare finance company providing flexible patient loyalty finance platforms and account servicing options for healthcare providers. BloomPayment provides patients revolving lines of credit for their healthcare expenses while offering full account servicing and cashflow options for participating healthcare providers.
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.
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.
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.
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.
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
Say something interesting about your business here.
BloomPayment offers targeted messaging to increase patient engagement and loyalty.
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.
Patients send their scheduled payments to BloomPayment on a monthly basis. However, you get to choose when and how you receive those payments.
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.
BloomPayment will coordinate funding, remit remaining balance due in one lump sum to the heatlhcare provider, and continue to service the account.
BloomPayment's system has been engineered to work with your existing billing and payment systems.
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.
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.
We adapt everyday to the ever changing compliance landscape environment.
We've designed redundant administrative, technical, and physical systems and safeguards to protect data.
Our agents are highly trained, as we institute a required rigorous training program upon hiring, along with annual assessments with continuing education.
First party call center support includes various degrees of patient interaction from simple payment or appointment reminders to full business office integration.
Mailings include simple outbound letter reminders and billing statements to full inbound lockbox, payment portal, and mail return processing.
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.