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

5 Ways To Help Healthcare Patients Avoid Medical Debt

Posted by HealthiPASS on Jan 24, 2017 10:05:00 AM

Unfortunately, patient debt equates to reduced revenue with high risk of non-recovery, so it's wise to help patients avoid accumulating medical debt. Most patients want to compensate their healthcare providers, but many find it increasingly difficult in these days of high deductible, high co-pay plans that already come with substantially higher price tags. In a 2011 report published by the medical financial consultancy, Deloitte, it was noted that, "Health Reform endeavors to increase the number of Americans who have health insurance. While this is great, what is concerning is the increase in bad debt from patients with insurance. In fact, the bad debt attributable to insured patients is steadily increasing over the past 3 years." These last six years have proven that this trend shows no sign of abatement.

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Topics: Patient Debt, Medical Billing, healthcare payments

John Oliver Segment on Debt Shows Importance of Collecting Early

Posted by HealthiPASS on Jun 8, 2016 9:39:51 AM

This week, healthcare debt made the news in a big way.

John Oliver, host of the HBO show “Last Week Tonight,” out-Oprahed Oprah with a giveaway worth nearly $15 million dollars, by far the largest in television history.

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Topics: Revenue Cycle Management, Patient Debt