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Weave Launches Payment Reminders to Enhance Revenue Cycle Management

Author

Slice of Finance Team
03 Sep

Key Highlights:

  • Weave introduces Payment Reminders, an automated feature to streamline revenue collection.

  • Enhances the Weave Payments suite, allowing practices to automate payment requests.

  • 63% of patients prefer text payment options, making this feature a significant time-saver.

Source (Business Wire)

Notable Quote:

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“We’re very excited to introduce Payment Reminders to our payments product suite. With 63% of patients preferring text payment options, Weave streamlines the process, saving offices time and effort each day.”

Branden Neish, Chief Product & Technology Officer at Weave

Our Take:

Weave's introduction of Payment Reminders is a strategic move that aligns with current patient preferences for text-based payment options. This feature not only enhances the efficiency of revenue collection but also supports healthcare practices in maintaining consistent cash flow with minimal administrative burden. By integrating this into their existing communication workflows, Weave continues to demonstrate its commitment to improving the patient experience while supporting healthcare providers in optimizing their operations.