Hospitals have the opportunity to facilitate payments from low-income patients by improving their satisfaction with care quality.
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.
The billing process is the last contact patients have with their providers, so make it a positive experience.
The rise of high-deductible plans is causing health care cost growth to slow, but hospitals need to adopt patient friendly billing to maintain revenue in the long term.
More patients are adopting a dangerous practice of forgoing medical treatment because of the high costs of care. Price transparency and consumer friendly billing can help hospitals encourage more [...]
Hospital costs have been on the rise - and will continue to increase - for the past decade. Give your patients cost estimates and patient friendly billing to prevent reduced patient collections.
The U.S. is moving toward consumer-driven health care, yet many hospital executives and employees aren't on board with the transition just yet.
More hospitals are looking to collect patient payments upfront. In Massachusetts, the point-of-service collection trend might become more popular as the state requires insurers and hospitals to [...]