Mar 02, 2017

Get Paid Easily by Patients as SuiteRx Partners with AR Proactive

Patient payments – no longer the step-child of revenue streams
Patient payments are the step-child of revenue streams. They get the least attention and are difficult to deal with.  Much of patient AR (accounts receivable) is written off (30% in some settings, JP Morgan).  The cost-to-collect patient AR is often higher - stuffing envelopes and making phone calls is less efficient than electronic claim submission.  And most pharmacy software has only basic functionality focused on patient payments.
But we’re living in a world where pharmacies can no longer ignore patient cash flow.  Patients now account for a bigger slice of the reimbursement pie. Since 2006, high deductible health plans (HDHP’s) have increased sevenfold (Self-Pay Patient Financial Liability,  In addition, eroding reimbursement from the traditional insurances payers means patient pay is back in the spotlight.
To solve the patient payments riddle, SuiteRx partnered with AR Proactive.  AR Proactive is an automated invoicing and payment tool to increase patient payments.  It works by automatically following up on unpaid bills with a series of letters with appropriate wording, a payment portal for patients, reminder phone calls, emails, payment plans, and one-click to send accounts to the collections agency team. 
A McKinsey study asked patients why they don’t pay (The Next Wave of Change for Healthcare Payments).   The reasons are fixable, and so SuiteRx and AR Proactive decided to partner to address the causes.  Through the integration of these companies, billing staff can now electronically submit patient statements for payment and resolution, while CFO’s can monitor the activity from a patient AR dashboard.  “The goal is increased patient payments – with ease,” comments Nick Zener, SuiteRx’s CEO.  “So think of it as automated workflows for patient AR,” concludes Rich Handler, AR Proactive’s founder.

Finally, we may see patient payments restored as a respectable revenue stream.  And for some pharmacies, it may be the cash-flow life-saver they’ve been looking for. 
To learn how you can get paid, and see if you’re a good fit, contact:
Grace Ball |  SuiteRx |  |  (214) 789-7373  |
Rich Handler |  AR Proactive |  |  (414) 699-2541   |

Market Buzz

Mar 16, 2017 PharMEDium Earns Second Consecutive Center of Excellence Recognition from Benchm...
Mar 14, 2017 RXinsider Launches DEA Take-Back Day Promotional Package
Mar 02, 2017 Get Paid Easily by Patients as SuiteRx Partners with AR Proactive
Mar 02, 2017 All MEDISCA Facilities are VAWD Accredited
Mar 02, 2017 FDS, Inc. Announces New Executive
Mar 02, 2017 Medi-Dose® / EPS® Announces New ENFit™ Compliant and Compatible Products
Mar 01, 2017 South Carolina’s Third-Largest Privately Held Company Announces New CEO
Feb 28, 2017 Empowering Pharmacists to Go Beyond - 2017 ASCP Forum
Feb 22, 2017 Akro-Mils Announces Online Blog
Feb 22, 2017 Audits with SuiteRx Intelligent Pharmacy Software (IPS) is Worry-free!
Feb 21, 2017 myDataMart Integration Now Available with New Leaf Rx® Pharmacy Software
Feb 17, 2017 Helmer Scientific Expands Feature Set of the i.C3® Information Center
Feb 15, 2017 SuiteRx Intelligent Pharmacy Software (IPS), the Pharmacy Software You’ll Love
Feb 13, 2017 Contec Healthcare Introduces CritiGear™ Chemo Gowns for USP <800> Compliance
Feb 09, 2017 A Cyberattack Can Destroy Your Business. Are You Prepared?
Feb 08, 2017 You Asked, SuiteRx Listened
Feb 07, 2017 QS/1 Participates in Innovative Pharmacy Pilot Program
Feb 01, 2017 Connect with Patients using SuiteRx SMS Messaging
Jan 25, 2017 Enjoy Custom Med Sheets Directly from Your Pharmacy Software
Jan 23, 2017 Electrical Package for Cleanrooms Now Available from Simplex Isolation Systems
Jan 18, 2017 Increase Your Profits: Join In Your Patient’s Digital World
Jan 11, 2017 Introducing PharmaLink as a Thought Leader in Pharmaceutical Return Processing
Jan 11, 2017 Grow and Be a Success with SuiteRx
Jan 05, 2017 Triova Pharmaceuticals Opens Tulsa, Oklahoma Location: Passionate Industry Leade...
Jan 04, 2017 Ring in the New Year with a New Pharmacy Software
Dec 28, 2016 Exciting Things are Happening at
Dec 23, 2016 SuiteRx Wishes You Happy Holidays
Dec 21, 2016 Rx Systems Offering Eyecon 2016 Year End Sale
Dec 20, 2016 R.J. Hedges & Associates: Runner-up of BBB Torch Award for Ethics

RXinsider Product Overview Videos