Encore Exchange is pleased to announce that its eXtended Care Program (XCP) is now available as a qualified solution on Mayo Clinic Platform, marking a significant advancement in the initial rollout of its revenue cycle solutions. The program’s qualification highlights Encore Exchange’s expertise in patient balance resolution and its commitment to enhancing the patient financial experience through the application of technology, data, and innovation.
In today’s healthcare landscape, organizations face increasing challenges in managing patient billing. XCP offers a unique alternative to traditional bad debt strategies providing a more compassionate and effective approach that supports and enhances hospital financial assistance policies and aligns with the compassionate care ethos of healthcare providers.
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Unlike conventional agencies that rely on high contingency fees, XCP operates on a weekly subscription that efficiently analyzes accounts receivable before referral to collections.
Unlike conventional agencies that rely on high contingency fees, XCP operates on a weekly subscription that efficiently analyzes accounts receivable before referral to collections. The cost-effective approach not only alleviates financial pressure on patients but fosters a more positive relationship between healthcare providers and the communities they serve.
“Encore Exchange is excited to be at the forefront of transforming the patient financial experience and looks forward to collaborating with Mayo Clinic Platform to deploy XCP to healthcare providers nationwide. We’re fortunate to be among the first revenue cycle solutions available on Mayo Clinic Platform and we are confident in the value we demonstrate for every organization we serve.”
—John McGarty, Chief Product Officer, Encore Exchange
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The XCP solution pairs Encore’s unique approach to balance resolution with sophisticated data analytics that optimize the patient experience while delivering remarkable efficiency to the revenue cycle. Decades of experience and research in accounts receivable and bad debt practices, have equipped Encore Exchange to develop a consistent, precise, as well as fully compliant, program that is quickly becoming the new best practice among leading healthcare providers.
“Collaborating with Mayo Clinic Platform speeds up the pace of digital healthcare innovation by providing key development and deployment capabilities to digital health companies and relevant insights to healthcare providers. When a solution is qualified, healthcare providers know it has been evaluated on Mayo Clinic Platform using a proprietary process designed to promote transparency, explainability, and reliability of the solution’s performance, all aimed at supporting care teams and improving patient outcomes,” says Steve Bethke, vice president of solution developer market, Mayo Clinic Platform.”
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Source – prweb
