Our take — and impressions from others — about healthcare revenue cycle, patient financing trends and the patient pay experience.
April 21, 2011 — 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 ...Read more
March 15, 2011 — 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 ...Read more
Feb. 18, 2011 — 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 ...Read more
Feb. 10, 2011 — 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 ...Read more
Jan. 17, 2011 — 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 ...Read more