3 Tips for Working with RCM Partners to Handle Self-Pay Patients

Patient balances present one of the most significant challenges in healthcare especially for surgery centers. With ever-rising costs, ASC's see an increase in the number of patients with high deductible insurance plans. Studies show patient obligations have increased by almost 30 percent since 2015 and many are finding it difficult to pay off their medical bills. How should my center approach this problem?

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How Insurance Coverage Impacts Consumers’ Ability to Pay

New data on health insurance in the U.S. reflects quality of coverage and the impact of coverage levels on consumers' ability to pay medical bills and access care. The survey finds that consumers who are underinsured are more likely to have challenges paying their medical bills or simply avoid medical care due to the expense.

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Senator Chuck Grassley to IRS: How Many Hospitals Comply with 501(r) Requirements?

In an ongoing effort to evaluate nonprofit hospitals required to follow Section 501 (r), Senator Chuck Grassley has requested data on the number of hospitals in compliance with this rule pertaining to charity care. Get more information after the jump.

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Patients Prefer Payment Plans for Medical Bills

As out-of-pocket healthcare costs continue to increase, more patients prefer payment plans to manage their medical bills. Find out other insights gathered by this survey of patients taken in the previous year.

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Why a Patient Friendly Billing and Payment System Matters

It may pay to consider patient consumerism when dealing with patients. Healthcare is a major expense for patients, so it has become important for clinics and practices to demonstrate that their care is as much about the patient's financial health as their physical health.

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How to Prevent Revenue Leakage in Your ASC

The healthcare reimbursement landscape has changed dramatically in the past few years. Just five years ago healthcare providers could get 90% of their revenue from government payers and commercial insurance companies; but today patients payments make up as much as 33 % of provider revenue. How will this affect your ASC?

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Employer-Based Insurance Premiums Create Growing Burden for Families

An ever growing number of consumers are doling out more of their paychecks for healthcare premium contributions through their employer insurance plans. The cost of employer health insurance premiums and deductibles continues to outpace growth in wages which is concerning because it can put coverage and healthcare of of reach for the people who need it most. Click to read more.

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revenue cycle

3 Strategies for a Patient-Centered Revenue Cycle in 2019

As patient financial responsibility grows, the patient experience becomes very important in your revenue cycle. Here are three strategies you might want to consider in aligning your healthcare revenue cycle with the needs of your patients. Click to read more.

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Healthcare Providers Report Status of Revenue Cycle Management

Recent research shows some hospitals lagging in implementing revenue cycle management solutions and outsourcing services as a short term solution. In fact, Black Book Market Research has conducted a survey that shows that twenty-six percent of all U.S. hospitals still don't have a viable, effective RCM in place. Click now to see what other findings the survey has to offer.

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Senators Cosponsor Legislation to End Surprise Medical Bills; Lower Healthcare Costs

Two US sentators recently introduced companion legislation that would help consumers manage healthcare costs and stop unexpected medical bills. How will this legislation affect your hospital or medical center?

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Billing Tree Survey Reveals Increase in Shift to Online Payments

Online payments are catching up in the healthcare industry, where common methods of payment continue to be "on-site" and "on the phone with a live agent." A new survey from BillingTree reports that 63 percent of providers now offer web portal payments and more than 25 percent are offering text-based payment options. Click now to read more stats from the survey.

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The Current Healthcare Payments Landscape and Future Opportunities

The trend in the healthcare payments system is that high deductibles are the norm and patients are responsible for a greater portion of their services. In fact, out-of-pocket expenses are projected to reach $608 billion in 2019. What other trends are expected in 2019?

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