HealthiPASS Insights

Satisfied with your Practice revenues? This may surprise you

Posted by HealthiPASS on Jul 6, 2017 10:25:00 AM

Despite some uncertainty in the last few years, it’s still a great time to be in the healthcare business. Between 2016 and 2025, CMS projects over 5% growth in health spending; by 2025, this will represent nearly 1/5th of the U.S. GDP. Though changes to healthcare laws in the last few years have made things difficult for some, many hospitals and practices are still seeing good revenue.

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Topics: Revenue Cycle Management, Patient Debt, Digital Payments

Technology that Improves Patient Payments beyond Existing Merchant Fees

Posted by HealthiPASS on Jul 5, 2017 10:40:00 AM

It’s no secret that collecting on outstanding medical debt can be challenging, especially after the procedure is complete. Nine out of every 10 physician practices believe they should collect a patient’s financial responsibility before they leave the office or hospital.

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Topics: POS Technology, Healthcare Technology, Medical Billing, Digital Payments

How HealthiPASS Differs from Competitors

Posted by HealthiPASS on Jun 29, 2017 11:14:37 AM

According to Becker’s Hospital Review, medical payments in the U.S. are a $3.3 trillion market. Advancements in payment collection technology help providers reduce the frequency of underpayment, whether they are collecting from patients or insurance companies.

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Topics: Financial Transparency, Medical Billing, Digital Payments

What Consumers Want When Making Healthcare Payments

Posted by HealthiPASS on Oct 19, 2016 9:04:44 AM

In today's digital environment, consumers can complete financial transactions through a variety of devices. With the growth of online banking and retail, most businesses have developed consumer-friendly billing channels, providing clear invoices and a selection of payment options.

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Topics: Patient Payments, Medical Billing, Digital Payments, healthcare payments

The Advantages of Online Payment Collection

Posted by HealthiPASS on Sep 13, 2016 8:15:00 AM

As high-deductible health plans are becoming the norm and patients face increasing responsibility for out-of-pocket costs, physicians must adopt patient-friendly payment practices.  Providers are more likely to receive what is due if they expand payment options.  Medical practices should implement consumer-driven, transparent collection systems similar to the retail industry, which most patients are familiar with.  While more physicians are making POS collections a priority, they should also offer digital payment options.  Online access makes collections more efficient for providers and more convenient for patients.

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Topics: Patient Payments, Digital Payments