A Better Approach to Healthcare Payments and Financing
Healthcare providers are under immense financial pressure as reimbursements fluctuate, patient out-of-pocket costs rise, and operating margins compress. As a result, health systems, hospitals and physician practices are increasingly assuming the role of a bank, financing the cost of healthcare. CommerceHealthcare® wants to help your organization get out of the business of banking and back to focusing on the patient experience. Backed by a team of dedicated healthcare finance professionals, our portfolio of revenue cycle, payment and banking solutions are designed to reduce costs, improve operational efficiencies and foster greater patient loyalty.
Healthcare reconciliation and posting technologies continue to evolve, improving the efficiency and cost effectiveness of back-office processes. With these rapid advancements, it is important to evaluate your organization’s current processes and leverage new industry best practices. Our receivables management solutions can help by automating healthcare posting and payment reconciliation. Your organization can leverage automation to avoid the complexities caused by manual processes, disparate systems and varying forms of payments. These solutions compliment your existing revenue cycle system without the burden of a lengthy implementation.
Healthcare Lockbox Services
As patients take on more responsibility for the cost of care, offering a simple long-term lending option is essential to patient satisfaction. CommerceHealthcare® patient financing solutions, backed by Commerce Bank, provide the security and scalability of a bank with minimal implementation. Simple enrollment processes improve the financial experience for your patients, ease the burden on your staff and is an important strategy for reducing bad debt.
Health Services Financing (HSF®)
Healthcare providers are leveraging automated, electronic payments to change the way they manage supplier payments. This new approach can transform your AP department by reducing costs, delivering operating efficiencies and creating a new profit stream. Additionally, these solutions can complement existing ERP and payment programs, adding additional revenue opportunities and ensuring your organization isn’t leaving money on the table.
Virtual Card Payment Program
Supplier Payment Program
Patient Refund Services
In the increasingly competitive healthcare industry, it is critical your organization leverages all available financial opportunities. Managing the financial complexities of healthcare isn’t easy, but CommerceHealthcare® can help. As an industry leader in healthcare banking, we can identify additional opportunities to ease the financial pressure on your organization. Backed by Commerce Bank, we have a dedicated team who specialize in lending, treasury management, capital markets and investment management solutions, designed for healthcare providers.
Healthcare Banking Services
"We wanted a sophisticated banking partner that understands healthcare and could support our growth. Commerce brought in people with healthcare experience and gave us the peace of mind we were looking for."Chief Executive Officer