Waystar's Financial Clearance platform leverages advanced technology and predictive analytics to optimize healthcare revenue cycles. It automates critical front-end processes such as eligibility verification, prior authorizations, and patient financial assessments, ensuring accurate and timely information. This automation reduces administrative burdens, minimizes errors, and accelerates payment collections. By providing clear insights into patient financial responsibilities and propensity to pay, the platform enhances transparency and fosters a more positive patient experience.

Features

• Eligibility Verification: Automates the retrieval of comprehensive benefit information, reducing rejections and denials.
• Prior Authorization Management: Streamlines the authorization process to prevent delays in care delivery.
• Patient Estimation: Provides accurate cost estimates to patients before the point of care, promoting financial transparency.
• Coverage Detection: Identifies active insurance coverage that may have been overlooked, ensuring appropriate billing.
• Charity Screening: Evaluates patients for financial assistance eligibility, supporting community benefit initiatives.
• Advanced Propensity to Pay: Assesses patients' likelihood to pay, enabling tailored financial interactions.
• Price Transparency: Offers patients clear and accessible pricing information, aligning with regulatory requirements.