ROI

Clearwave provides a return on investment for offices of any size. The Clearwave billing process is based on the number of patients your office authenticates eligibility for or check-ins per day so the ROI is easily realized.

Many kiosk companies base their ROI simply on the staff time saving (or FTE savings), making the actual ROI difficult to prove. The Clearwave system, Healthcare’s Authentication Network and Kiosk (HANK), does improve the efficiency of your office staff, but is more focused on improving current financial tasks.

One process and one system for all patients and staff

The Clearwave eligibility system and healthcare kiosk, HANK, is better, faster and more cost effective than any other solution on the market. Other systems provide a solution for 60% to 70% of your patients; therefore, you need to have different systems and processes for the other 30 to 40%. With the high turnover rate at the front desk, multiple processes can be very costly and time consuming.

Improve cash flow

HANK delivers a single process and single system to provide your staff with the correct eligibility information upon request. This in turn allows you to accurately request payment at the time of service. Not only does HANK provide the eligibility information quickly, but the data is standardized across all insurance companies. Clearwave has proven to increase client’s cash flow as much as 65% in the first 30 days of using the system.

Decrease collection costs

The biggest cost in the collection process is obtaining the correct patient data to either submit a claim or contact a patient. The Clearwave process allows your staff to run an eligibility check at the time of scheduling and again at the time of service, ensuring the patient data capture and storage is done correctly at multiple times. With the correct patient data on the front-end, your staff can collect payment at the time of service, reduce the number of invoices sent after services are rendered and reduce the number of rejected claims due to incorrect eligibility data.

Diminished year-end write-offs

When you are able to collect more at the time of service because of more accurate insurance information and your claims are getting paid faster because of a better eligibility system, your collection costs and year-end write-offs will be reduced. The Clearwave solution is not a one-time fix, but is a system and process that will provide better financial results each year.