Think Differently: Health Equity and your Bottom Line

Tuesday, 6/20/2023
11:00 AM CT – 12:00 PM CT (60 minutes)
Vendor Spotlight Host: PayMedix

This presentation will demonstrate how PayMedix breaks down the barriers to care by reducing administrative costs for providers and improving member experience through simplified billing. When you add PayMedix to your health plan, your members are guaranteed credit for up to 100% of OOP maximums, with 0% interest payment- regardless of credit history. Members no longer have to delay or avoid care because of cost or confusion. Services and invoices from all their in-network providers are consolidated on one easy-to-read monthly statement. Members can see exactly what they need to pay monthly- in one place.

The result is healthier members - both physically and financially. Those who are already struggling with medical costs no longer have to worry about avoiding care entirely but instead access the care they need and pay over time. This all leads to higher member satisfaction & retention rates. HPS's has a NPS of 75 and their small group member retention for averages is over 3 times the national average. By taking a holistic approach to the problems that are most often addressed on an individual basis, you can simultaneously manage the dynamic of growth and retention, reduce costs across your health system, and improve the member experience.

In this webinar you will:

• Learn why growing your membership base isn't mutually exclusive with cost reduction and improving health equity.
• Gain perspective on the negative effects of inefficient collections practices on member sentiment for your provider owners.
• Learn how to adjust collections practices to reduce cost and improve health equity.
• Understand member behaviors and attitudes about engaging with the healthcare system.
• Gain insights into payment trends impacting health systems.

Notice to Participants:
Please note that this webinar is a Vendor Spotlight and will be a capabilities-focused presentation. While this vendor is not under contract with the Health Plan Alliance, we believe this webinar will provide you the opportunity to learn more about this vendor and the programs and services it provides. Offering this webinar does not imply that the Health Plan Alliance endorses this vendor. The webinar is merely for informational purposes only. Should you wish to share feedback and/or have questions about this vendor, please contact Jaime González, the Alliance’s Chief Business Development Officer, at jaime.gonzalez@healthplanalliance.org or 972-830-6355.