ClearBalance Blog

High-Deductible Health Plans = Growing Self-Pay Receivables, Healthcare Providers Look to Help Patients Contend with Out-of-Pocket Expenses

Findings from a July 2012 survey conducted by Deloitte Center for Health Solutions indicate that employers will increase the use of co-pays, deductibles and increased premium participation to manage rising healthcare costs. In fact, more than half of the employers surveyed by Deloitte said they plan to introduce high-deductible health plans within the next three ...
Read more

Consumer Credit More Difficult to Access; Fewer Payment Alternatives for Skyrocketing Healthcare Bills

Credit card offers mailed to consumers tapered off sharply in recent months after a resurgence in the wake of the recession, indicating a shift in large-issuer strategies Issuers clearly are becoming more selective in mailing solicitations after the initial post-recession frenzy that peaked in June 2011. But, experts say, they also are relying more heavily on ...
Read more

Nearly Nine in 10 Consider Cost of Care a Serious Problem

Many Americans who have experienced a serious illness or injury within the past 12 months are concerned about the financial costs of medical care, and struggle to ensure that their care is appropriate, according to a new poll by the Robert Wood Johnson Foundation, NPR and Harvard School of Public Health. In addition, the poll found ...
Read more

Employer cost management tactics for 2012

According to a study by Mercer, 33% of employers say they are raising deductibles or copayments in 2012.
Read more

Hospitals Still Feeling the Strain of Their Patient’s Inability to Make Ends Meet

According to a CareerBuilder survey, conducted May 18 to June 3, 2011, 42% of workers say they usually or always live paycheck to paycheck, and 1 in 5 say they have missed payments on bills in the last year. Even among workers making six figures, 14% say they live paycheck to paycheck, and 6% of the respondents reported ...
Read more

OSAGE, IA – Health Expenses Continue to be an Issue for Many People

The U.S. Government reports last year more than 40 percent of adults accumulated medical debt and had trouble paying it off, but at the Mitchell County Regional Health Center paying your doctor bill just got easier. “In most cases this would be better payment arrangements than you’d get through a bank,” said Alan Streeter, chief financial ...
Read more

Consumers Look for Solutions to Tackle Their Healthcare Expenses

For American drivers, the recent spike in the price of crude oil has evoked painful memories of the summer of 2008, when the average price for regular gasoline reached an all-time high of $4.11 per gallon. What does this have to do with healthcare?Well…everything. As instability continues in the Middle East and America’s fragile economy tries ...
Read more

New Report: Hospital Bad Debt Growing Faster Among Insured Patients

A recent survey gives a glimpse into how difficult it has become for providers to collect money not only from uninsured patients, but also from balance-after-insurance patients as well.  The survey, conducted by the  Delaware Valley Healthcare Council, showed that for patients with coverage, bad debt has increased by a staggering 28%. Factors contributing to this growing ...
Read more

Looking to improve the satisfaction of patients?

Helping patients deal with the rising cost of healthcare can have a huge effect on their selection of a healthcare provider. Consider the following:  There has been increased shifting of costs to healthcare consumers, as evidenced by rapid growth in high-deductible health plans. According to a recent Kaiser Family Foundation/Health Research and Education Trust survey of ...
Read more

New HFMA Research Reveals Increase in Hospital Self-Pay Receivables

The vast majority of hospitals—97 percent—participating in HFMA’s most recent Healthcare Financial Pulse study reported an increase in self-pay receivables compared with the prior fiscal year. At more than one-third of these hospitals, the increase was 10 percent or greater. The study found that small hospitals were most likely to experience a self-pay increase of ...
Read more