Every healthcare system has its own programs and policies to support financial assistance needs. CoverMe will streamline your financial assistance determination process by creating custom interview questions and flows to automate the processes developed to meet your patient population.
CoverMe can easily program your Financial Assistance (FA) policy into the CoverMe application to get started. We will screen each patient against FA policy parameters, notify you if the patient is recommended for the program, and autofill all the application paperwork. CoverMe will also track and archive all the documents that may be required from the patient to supplement their application.
By providing your patients with the most suitable financial pathway that includes charity care and financial assistance, we ensure that you’ll find the optimal program choice for your patients and face fewer bad debts.
Offer a wider selection of patient financial programs, identify the best funding resources and increase the chance of reimbursements with CoverMe's automated financial assistance.
Patient Interview Insights
CoverMe offers the most accurate financial data to support the patient interview, adding data insights to better evaluate program eligibility.
Assess risks before they turn to write-offs. CoverMe helps make informed recommendations, with clear consideration given to program fit, risk, and reliability.
Use the information CoverMe provides to connect your patients to all of the assistance programs they qualify for. You can even create customized payment plans based on the patient's payment ability or support need.
Ensure that your patient receives a patient experience that is as unique as the care you offer! Check out the video to gain valuable insights about our financial assistance and charity solutions.
Financial assistance is provided to patients who meet the guidelines stipulated for financial assistance that takes into account the estimated household income, percent of the federal poverty level, debt to income ratio, and other such factors. Healthcare providers provide free or discounted medical care to people who cannot afford payments to hospitals.
Financial assistance is provided to patients who -
The CoverMe Financial assistance and charity screening solution ensures that every patient receives a fair and consistent evaluation for financial assistance and charity programs. This helps hospitals to fulfil their community benefit missions.
CoverMe uses patient demographic analytics from the patient accounting software as well as CoverMe’s proprietary AI program to verify and confirm patients’ ability to qualify for Medicaāid. CoverMe partners with the medical provider to build their financial assistance policy into the CoverMe platform and screen each applicant against these policies and eligibility norms.