MINNEAPOLIS--(BUSINESS WIRE)--Jun. 2, 2009--
Responding to a growing need among healthcare providers in the United
States, U.S. Bank has launched Healthcare Payment Management (HPM)
Essentials, a physician-focused payment tool that enables doctors’
offices to collect more patient self-pay balances – such as co-pays and
deductibles – at the time and point of care.
HPM Essentials is based on U.S. Bank’s well-regarded and peer-reviewed
Healthcare Payment Management program, but it is tailored to the unique
needs of the private practitioner. Users can accept and track payments
via credit card, debit card, check or cash and select additional
functionality to meet the specific requirements of the facility, such as
real-time insurance eligibility verification, out-of-pocket payment
estimation, and payment plans.
“At a time when bad debt can run as high as $159,000 per provider
office, the healthcare community is hungry for payment solutions that
support both good business and good care,” said Ralph Bernstein, senior
vice president of U.S. Bank Healthcare Payment Solutions. “Our HPM suite
does just that. Physicians understand that with the right tools, they
can significantly reduce bad debt and the associated collection costs.
Our products are easy to use, support the doctor’s need to capture more
payment when care is delivered, and enhance the relationship between
patient and physician.”
Healthcare Payment Management is currently used by more than 8,200
healthcare professionals at 1,300 outlets nationwide. It was recently
peer reviewed by the Healthcare Financial Management Association and can
be seen at the HFMA’s annual conference, ANI, in June.
About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $264 billion in assets, is the parent
company of U.S. Bank, the 6th-largest commercial bank in the
United States. The company operates 2,847 banking offices and 5,183 ATMs
in 24 states and provides a comprehensive line of banking, brokerage,
insurance, investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.
Source: U.S. Bancorp
U.S. Bank Media Relations
Teri Charest, 612-303-0732