Are you like me with all kinds of items languishing on your Amazon wish list, or even in your cart, just waiting for you to have the cash to buy them? Do you also possess an encyclopedic knowledge of state and federal regulations that affect your patient revenue cycle and have just been yearning for a chance to put your knowledge to the test?Read More
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.