[Case Study] Munson Healthcare

How Munson Healthcare transformed their patient engagement

Munson Healthcare operates nine hospitals across northern Michigan, including the nationally recognized Munson Medical Center in Traverse City.

Munson was facing nagging challenges from the sharp rise in patient pay due to the growth in high deductible health plans. Credit card payments were at an all-time high, risking breach and fueling high PCI compliance costs. The resources available for pursuing outstanding payments charged the hospital high fees, drained staff time, and risked alienating patients.

Munson moved to upgrade their patient financial experience with Flywire's patient engagement platform. Within seven months, Munson realized significant improvements in settling patient balances, patient engagement and securing credit card payments.

Munson realized that they needed to adjust their approach to address these challenges:

Typically sent out three patient statements before turning accounts over to early-out at day 65.

Paid up to 15% on payment plans financed through a loan financing company, and had full recourse on defaulted accounts.

Average payment plan term was 24 months, with a default rate of about 18%.

Had launched new guidelines for payment plans, but had limited ability to manage them.

Unable to smoothly manage new balances, adjustments, pull-backs and late charges—resulting in tedious manual processes for Munson customer service reps (CSRs) and frustration for patients.

CSRs entered patient payment data directly into a vendor web service, a process that increased their PCI compliance costs and put them at risk for costly data breaches.

Solution and results

Segmented payment plans

Flywire’s proprietary segmenting engine automatically analyzes a patient’s payment history and relevant credit data to determine a monthly payment amount they can afford. The program delivers a range of tailored plan options to the patient with their first statement and patients self-activate their preferred offers through online, mobile, or paper. Any new services are automatically rolled up into their existing plan.

What others have experienced

65% patient activation rate

26% reduction in early-out placements

12% improvement in patient pay cash

58% reduction in average payment plan length (10 months—down from 24)

$1M eliminated in annual spending

オーダーメイドの決済プラン条件とセルフサービスの有効化を自動的に提供することで、患者が電話をかけて決済プランを依頼する必要がなくなりました。これにより、優れた患者体験を提供できるようになり、同時に、当病院の業務効率も改善されました。クレジットカード決済が増加したことで、Flywireが提供する統合された決済ソリューションにより、病院組織内でクレジットカードのデータをセキュアに把握し、保管し、処理できるようになりました。

Lori Weedon Director PFS, Munson Healthcare

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