MOORESVILLE, NC--(Marketwired - Jan 20, 2015) - Acryness, Inc., a leader in health care revenue cycle technology, today announces commercial availability of SelfPay Works. The latest version of this advanced technology platform meets the growing difficulties related to managing self-pay patient payments in the healthcare industry.
SelfPay Works now includes a Access Suite that complements the Payment and Billing Suites. This allows healthcare providers to manage consistently and compliantly the financial communications and payment arrangements anywhere in the care continuum.
Integrating with the industry's leading electronic health records and billing platforms, SelfPay Works is unique and one of the industry's first complete end-to-end solutions that facilitates payments throughout the self-pay revenue cycle. For the first time, there is a solution to support patient financial communications from scheduling through the completion of the payment and payment posting.
Healthcare Reform and the Affordable Care Act (ACA) has led to higher patient balances. According to McKinsey, Research indicates that 54%+ of patients are willing to use a credit card at registration at levels that would cover most routine medical expenses. Patient balances continue to rise and the value of the receivables decline by 20% if not collected in the first 90 days and patients become increasingly less likely to pay.
With SelfPay Works healthcare providers can maintain consistent, tailored, compliant, and transparent conversations with patients about specific payment arrangements and financial assistance options. Before providing care, SelfPay Works guides conversations that allow healthcare staff to take into consideration each patient's eligibility, capacity to pay, and insurance coverage as determinants used to identify the most appropriate financial assistance and payment arrangements options.
"Our Access Suite bridges the gap between registration and medical billing processes and facilitates consistent patient communications," said Mark Relyea, president & CEO, Acryness, Inc. "We continue to listen to our clients and focus on delivering solutions that improve their cash flow and reduce their cost. Acryness SelfPay Works provides an integrated modular SaaS platform that delivers the tools and services our hospital and practice clients need to effectively manage patient balances."
SelfPay Works modules provide estimation, eligibility, capacity to pay, medical necessity, payment portals, patient financing, mobile payments, lock box processing, statement services, e-billing, and information archiving to meet legal retention guidelines. The modules deploy rapidly and allow for a high degree of custom tailoring that meets the diverse needs of healthcare. SelfPay Works is one of the industry's first truly integrated offering exclusively focused on reducing patient balances faster.
Integration and Availability
The platform supports virtually all electronic health records and billing platforms because of its configurability. Ease of interoperability provides successful integration with systems such as, Allscripts, Epic, Cerner, Greenway, Mckesson, Meditech, and Siemens.
SelfPay Works is available directly from Acryness and a network of resellers. Additional product information is available at www.acryness.com.
About Acryness
Headquartered in Mooresville, N.C., Acryness is a leading provider of patient payment and billing solutions to healthcare providers, medical billers, and healthcare software companies. The company has been serving the healthcare industry for over 15 years and its platform, which deploys flexible patient friendly communication, is ideal for clients seeking customer centric services. For more information visit http://www.acryness.com/.
