Why Expense Management ?
"...A Health Savings Account (HSA) is an account that you can put money into to save for future medical expenses. There are certain advantages to putting money into these accounts, including favorable tax treatment. HSAs were signed into law by President Bush on December 8, 2003"
- US Dept. of The Treasury
Today, with the rising cost of healthcare, it has become imperative for patients to track and manage all their medical expenses in an efficient manner. Also, patients are always looking for ways to save money and this may take the form of choosing alternative health plans that offer lower premium and higher deductibles coupled with opening Health Savings Accounts (HSAs) which also provide tax savings opportunities. While maintaining a very good “wellness program” to stay healthy, patients would like to track medical spending across different segments like hospital visits, prescription medication, self care, lab tests etc. so as to get a very clear idea about their medical spending patterns. This provides the patients with decision making capabilities to control medical spending and long term control over cost of healthcare.
FollowUpMD™ ExpenseCentre™ is a medical expense management software application that offers patients the ability to capture and track all their medical expenses. The software integrates with the patient health record (PHR) system and provides the patient a “one-view” of all health related transactions and provides vital decision making analytics. The ExpenseCentre™ is a value-added tool to help the patients control medical spending.
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Although CRM in healthcare is relatively immature, healthcare organizations have an opportunity to differentiate themselves from their competitors
