Learn how you’ll benefit from the broad HPS independent provider network.
With so many networks out there, it can be hard to decide which ones you want to join. Health Payment Systems is the broadest independent provider network in Wisconsin, and our benefits aren’t only for employers and members.
This blog details the value of HPS so that you, as a provider, can make the best choice possible.
Healthcare billing and payments are confusing and frustrating for patients and time-consuming for providers. With HPS, however, billing and collections are taken off your plate so that you can focus on providing high-quality care to patients. HPS pays you both the insurance portion and the patient’s out-of-pocket costs in a single electronic payment, then handles payment collection from the patient. This eliminates the financial friction between you and your patients, allowing you to get paid without chasing down payments. It also helps drive more patients into your practice.
How does simplified billing lead more patients in your direction? As part of the independent provider network with HPS, patients are able to visit your facility and receive just one monthly, consolidated bill (much like a credit card statement) for their medical expenses. The bill includes not only those charges from your practice but also charges from any other in-network providers visited that month. This consolidated statement is called the SuperEOB and is exclusive to HPS. Having one bill and just one amount to pay simplifies payment for the patient, and you don’t have to worry about collecting on those charges.
Plus, when HPS handles billing and collections, providers receive full payment for clean claims within 20 days - much faster than you would otherwise get paid.
No Cost of Avoided Care
Many individuals avoid seeking the care they need due to the associated costs. For example, providers often require the consumer or patient to pay out-of-pocket costs upfront for expensive elective procedures. With HPS, patients are billed after-the-fact and have the option to utilize interest-free payment plans, so they are less likely to avoid care.
This is extremely beneficial to you as well as to your patients, as 24% of Americans have reported avoiding recommended healthcare for financial reasons. Additionally, 40% of Americans can’t afford an unexpected $400 bill, so having the option to pay later and with a payment plan takes this barrier off the table and encourages them to accept treatment for the care they need.
Most Effective Independent Provider Network
HPS offers the broadest independent provider network in the state. By joining our unique network, you gain access to new patients. Drive new patients to your facility through innovative reimbursement methods such as value-based, bundled services that help them better understand their healthcare options.
Local, Committed Service
At HPS, we are extremely involved in our community and, as a local business, we are more flexible than other organizations. We are highly committed to customer service for all of our stakeholders.
Contact us today to learn more about the many benefits of choosing to be part of the HPS independent provider network.