Accurate, Real-Time Cost Estimates for Patients
Parathon’s Patient Responsibility Estimator is an advanced cost estimation tool designed to provide clear, accurate insights into what patients owe for healthcare services. By combining real-time eligibility and benefits data from both Commercial and Medicare payers with billed charges from submitted claims, the estimator re-prices each service using Parathon’s powerful Payer Contract Management Re-Pricer Engine.
Key Features of the Patient Responsibility Estimator:
By delivering transparent and accurate financial estimates, Parathon’s Patient Responsibility Estimator empowers healthcare providers to enhance patient satisfaction, reduce unpaid balances, and foster trust through clear communication of financial responsibilities. This solution is part of Parathon’s comprehensive suite of Revenue Intelligence Software, designed to optimize revenue cycle performance. Hospitals and health systems can also explore our Denial Management Software to reduce claim denials and improve cash flow, or implement Price Transparency Solutions to comply with CMS requirements and provide patients with shoppable services insights. Together, these solutions create a fully integrated approach to revenue cycle management.
Inpatient & Outpatient Estimates
Generate cost estimates for both inpatient and outpatient services with ease.
Real-Time Insurance Verification
Instantly validate and view a patient’s insurance eligibility and benefits.
Account Lookup for Returning Patients
Quickly access previous encounter data to streamline future estimates.
Predefined Estimate Templates
Use provider-specific templates to simplify and standardize estimate creation.
Incorporate Financial Assistance Policies
Include current prompt-pay discounts, financial assistance options, and available payment plans directly in the estimate.
With the Patient Responsibility Estimator
Your team can confidently provide patients with transparent, personalized cost information—enhancing the patient experience while improving collections and financial clarity.
