Health iPASS Revenue Cycle Insights

Health iPASS - Healthcare Information Services Partnership Bodes Well for Orthopedic Medical Practice Revenue Cycle Management

Posted by Imran Ahmad on Jan 30, 2019 10:53:28 AM

It's no longer a secret that medical practices across the country continue to struggle with collecting patient payments. By now, most of us know that the rise of high deductible health plans (HDHPs) are straining patients' wallets and pushing the need for providers to not only be more transparent about what patients owe up-front and post insurance claim adjudication, but also offer more flexible payment options and the ability to leave a payment-on-file for a specific encounter.

Quickly doing the math would lead one to realize that medical practice specialties providing services that result in high out-of-pocket patient expenses are more at risk from the repercussions of not modernizing their patient revenue cycle with technology that automates, increases price transparency into the cost of care, and presents more payment options including the ability to leave a payment-on-file and pro-actively set up payment plans for large balances.

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Topics: Patient Payments, patient revenue cycle, Partnerships, patient payment, HIS, patient bad debt

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