Key Highlights
- PatientPay integrates with Azalea Health’s API to streamline patient billing for ambulatory providers.
- Faster revenue capture with less than 14 days to payment, far below industry averages.
- 48.8% of electronic billing messages convert to payments, improving financial outcomes for rural healthcare.
- Partnership supports community hospitals with higher bill conversion rates and lower A/R days.
Source: Business Wire
Notable Quotes
- “Our new partnership will assist their clients to move the needle on the overall financial health so they can continue delivering vital care to their communities.” — Tom Furr, CEO at PatientPay
- “PatientPay is a welcome addition to our network and this partnership is a testament to our commitment to offer our customers innovative, integrated solutions to drive profitability and sustainability.” — Baha Zeidan, CEO at Azalea Health
SoHC's Take
This partnership between PatientPay and Azalea Health is a strategic move that addresses the critical financial challenges faced by rural and community-based healthcare providers. By leveraging Azalea Health’s API infrastructure, PatientPay accelerates the billing process, which is crucial for organizations operating on narrow margins. This collaboration not only improves cash flow but also enhances patient satisfaction by simplifying payment processes, a much-needed advancement in the healthcare financial landscape.
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