#Ivinci health address professional

“Whether it fractures the patient relationship – or positively enhances it – is entirely a function of how consumer-oriented health systems become. 'Billing is the last phase of a patient's experience with a health system. Patients will choose where to get care – based not just on the quality of the care itself but also on the financial management resources made available to them by healthcare providers,' said Ivanoff. 'With the rise of high deductible plans and the corresponding rise in patient financial responsibility, there will be unprecedented demand for a different billing experience – one that's on par with other consumer-driven markets. IVinci Health's CEO, former Capital One executive Kent Ivanoff, believes the market is primed for a solution that addresses the collection of patient balances and delivers a substantially more consumer-friendly online experience to healthcare billing. 'iVinci provides effective solutions that help us work with our patients to manage their obligations because they simultaneously provide our patients with easy-to-use online tools for managing, paying and financing their healthcare bills.” 'We find that patients are becoming increasingly challenged by health plans passing a higher percentage of each final bill onto them for payment,' said Dr. The new round of funding included investors such as Intermountain Healthcare, Inova Health System, and St.

while another nine were shifted to a different location at SCVMC. To respond to the changing healthcare payments landscape, iVinci is attempting to make healthcare billing more consumer friendly, and it closed $5 million in new funding earlier this month to support those efforts. Trilliant Health looks to supplant black box top hospital lists with evidence-based. Worse, all too often, they turn a positive patient care experience into a negative one. Solutions like online bill pay and recourse finance are fragmented and incomplete.

It is a sea change that has profound financial impacts for both patients and health systems.Ĭurrent revenue cycle management (RCM) systems were designed to track claims and optimize payments by third-party insurers. iVinci calls itself an entrepreneurial healthcare financial technology company and has filed to add 1,300 square feet to its existing first-floor space. That percentage is predicted to increase as more costs are shifted to patients through higher deductibles. But current tenant iVinci Health has filed with the City of Boise to expand its space in the building, according to filings. IVinci’s new patient billing and revenue management tool comes at a time when the proliferation of high-deductible health plans have increased patient obligations from less than 5 percent of health systems’ revenue to a whopping 20 percent in just a few short years. It tells patients exactly what they owe and when they owe it, then provides online management tools and financing options.”

The company was incorporated in 2010 and is based in Boise, Idaho.Increases in patient obligations means healthcare systems need to make billing more user accessible.Īccording to Venture Beat, iVinci Health is “launching a new patient portal, called the VisitPay Portal, which hospitals can use to simplify the selection, financing, and billing of health services for their patient customers. Further, it provides self-pay process management services, including inventory management, work flow and processes, payment estimation, charity care identification, analytics, vendor management, payment tools and strategies, and legal programs.

#Ivinci health address professional

In addition, the company offers professional consulting, technology, and advisory services for self-pay management practices and systems that include dashboards and reporting tools, self-pay strategy assessment, data integration, and portfolio valuation services. HealthiPASS, Huntington Bank, InstaMed, iVinci Health, JPMorgan Chase. It offers Self-Pay Engine, which provides an integrated suite of services, business intelligence, processes, and payment-producing products that allow hospitals to manage self-pay receivables. health plans, hospitals failing to address patient self-pay shortcomings can. The company specializes in developing reports within revenue cycle management practice area, as well as enables users to merge financial, operational, and clinical information in a common reporting structure. VisitPay develops patient-centered self-pay solutions for health care providers.