TailorMed harnesses technology to improve the
financial performance of healthcare providers and
reduce the financial hardship for patients
October 17-19, 2018
Optimization of out-of-pocket expenses in all financial navigation domains, based on a patient specific cost projectionLearn more
Advanced analytics that empowers management to track, measure and improve financial navigation
KPIs and ROI
Streamlines the free and replacement drug ordering process and allows management tracking of every approved drug programLearn more
Patient specific out-of-pocket estimation based on insurance coverage, treatment plan and payer rates.
Supports complex episodes of care for multiple disease areas
An advanced engine that tracks, matches, and enrolls patients to funding opportunities based on their insurance, clinical and demographic data. The comprehensive database is updated in real time and covers financial assistance programs, government plans, drug co-pay, free drug programs, and non-medical assistance programs
Dynamic analysis of patients insurance coverage to maximize their benefits and identify optimization opportunities by adding or changing insurance plans.
Supports commercial, Medicare, Medicaid and Federal plans and enforces policies and enrollment periods for all payers
A state of the art HIPAA compliant security management system
Flexible and effortless interface to any EMR and Billing system
The Cowell Family Cancer Center at Munson Healthcare, has been providing a financial navigation service to their patients since 2013.
In seeking ways to improve the manual, multi-step, decentralized, and resource-intensive nature of their work, they adopted the TailorMed technology to automate and streamline the Financial Navigation process.
Using the solution, the center saw a significant improvement in both the funding it was able to secure for its patients as well as in the ROI to the organization’s financial performance.
The team reported improvements in productivity, a more proactive workflow and increased ability to measure and track the ROI of the financial navigation program through the platform’s analytics and reporting product.
TailorMed has built a comprehensive financial navigation solution that encompasses all aspects of our cancer center’s processes. By using TailorMed, I was able to work more efficiently, keep up with savings opportunities, be more proactive in my outreach, and provide the necessary support our patients need.