Patients put their health at risk too often to avoid having higher medical bills.
Hospitals need to provide consumers with cost estimations at the point-of-service - or risk price-sensitive patients from putting their high medical bills online.
Providing cost estimations pay off for patients and hospitals.
Many in the health care community have adopted price transparency and cost estimations, and it might be a good idea for hospitals to do the same.
Improve the patient experience by offering POS payments.
A recent study found many patients now ask for cost estimations when they book appointments or at the point-of-service.
It's time for hospitals to get on board with electronic bill presentment and payment - or risk losing patients.
Patients and physicians are concerned about rising health care costs, but hospitals can ease patient worries and help physicians concentrate on care quality by providing patient friendly billing.
In recent years, hospital executives have gone back and forth about whether to replace their RCM systems. Perhaps the decision is not about to replace or not, but how to optimize the system [...]
Hospitals need to focus on reducing their level of uncompensated care in 2014 to maintain financial stability.