Experian
Collections Strategy Improvement at Wooster Community Hospital
Pages
4
Time to read
7 mins
Publication
Language
English
Pages
4
Time to read
7 mins
Publication
Language
English
This case study outlines the efforts of Wooster Community Hospital to enhance its patient collections process utilizing Experian Health’s Collections Optimization Manager. The hospital, a 173-bed facility in Ohio, aimed to improve patient financial experiences and increase revenue by transitioning from outsourced collections to an in-house model. Key objectives included customizing collection strategies based on patients’ financial circumstances and improving efficiency through automation. The implementation led to a 7.75% increase in patient collections, amounting to nearly $4 million within a year. Automation tools such as PatientDial and PatientText were utilized to enhance communication and streamline payment processes, resulting in a significant reduction in manual work and patient complaints. Furthermore, the hospital identified $800,000 in previously overlooked Medicaid coverage, contributing to overall financial gains. The case study emphasizes the impact of tailored strategies and automation in enhancing patient relations and optimizing collections management.