TailorMed expands ways for healthcare providers to maintain revenue and reduce patients’ financial burdens during COVID-19 crisis
TailorMed launched the Remote Navigation solution as part of its unique and industry-leading financial navigation solution. It is the first of its kind to enable healthcare providers and their staff to remotely work with patients to ease the patient’s and hospital’s financial burden. The new product also helps healthcare providers quickly access TailorMed’s much larger suite of financial navigation technology and services currently available to TailorMed’s 50 client hospitals and medical practices.
“Telehealth solutions have been adopted in the last few years in various areas of care and we believe that financial navigation should be no different. Our Remote Navigation tool is a first of its kind solution, combining our state-of-the-art software platform with a fully remote turnkey service ready to install immediately. We are now making it available to every healthcare provider in America,” said Srulik Dvorsky, CEO and Co-Founder of TailorMed.
The outbreak of the coronavirus (COVID-19) has already led to the deaths of thousands of Americans while leaving tens of millions without work and at risk of losing healthcare coverage. Millions of Americans are already struggling under the weight of financial toxicity caused by the costs of chronic and critical medical care.
The financial pressure on healthcare providers to provide services under these conditions is also causing massive financial stress and declining revenues. Increasing out-of-pocket costs for COVID-19 patients and the recently uninsured are also a major threat to the financial stability of healthcare providers and patients alike.