The medical sector is currently experiencing a rapid shift toward greater patient fiscal responsibility. Industry initiatives are laying the groundwork to prioritize patient collections over government and commercial payers. [...]
It’s no secret that collecting medical bills from patients is a common revenue cycle struggle. With out-of-pocket costs increasing 29.4% since 2015, patients are struggling to pay their obligations. [...]
Healthcare provider statements are rarely optimized for the collection of patient financial responsibility. Poorly designed medical bills result in lower payments received, higher collection costs and poor revenue cycle [...]
While the majority of industries have already gone digital, the healthcare sector lags behind in adopting new technology. This news still comes as a surprise to many, especially considering [...]
The healthcare industry faces a great deal of uncertainty entering 2019. Although it’s hard to predict the future of government regulations, you do have control over modernizing your patient [...]
Healthcare is facing rapid changes. Here’s what you need to know to stay ahead in 2019 and beyond. The healthcare industry is facing many changes that pose new challenges [...]
How you can get paid faster, improve cash flow, and reduce administrative cost As more people are using medical insurance plans with high deductibles, copays, or coinsurance amount, medical [...]
Technology and the internet bring undeniable convenience to everyday life. More recently, consumers are enjoying the benefits of interconnectivity between a variety of devices in numerous industries. The Internet [...]
As the percentage of healthcare bills paid by patients continues to rise, providers must find ways to maximize the collection of patient payments. Proliferating out-of-pocket expenses are dictating a [...]
How a healthcare provider tries to collect its bills can affect the timeliness and revenues received. Nearly 90 percent of healthcare providers still send innocent-seeming paper statements to their [...]