MX Medical™ Webinar Recap / Priority University Continuing Education Series
In this week’s Priority University Continuing Education Webinar Series Jay Tibrewala reviews MX Medical™, Priority’s cloud-based medical payment acceptance solution, and discusses how it can help Healthcare Providers collect and record patient payments at the time of service, after the fact, or both.
Quick Recap / Did You Know?
- The average deductible is nearly $2,000 and there are many patients who struggle to pay their bills. MX Medical provides a way to educate, inform, communicate and offer various payment options.
- 91% of patients said it was important to know their financial responsibility prior to a provider visit. MX Medical gives providers the tools they need to provide better pricing transparency.
- If a patient walks out without paying your likely rate of collection falls to 60% of the expected bill. MX Medical helps providers collect at the time of service.
- 72% of patients prefer to pay their bills electronically. With the MX Medical ePay solution providers can dramatically improve collections by up to 10%, reduce internal costs up to $10 per online payment — all while reducing data entry errors.
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