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

Posted on: August 7, 2011

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Aug. 7, 2011 — 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 they cannot make ends meet every month.

Female workers continue to struggle more with their personal finances than their male counterparts. 46% of female workers and 38% of male workers say they live paycheck to paycheck. 24% of female workers say they have missed a bill payment over the last 12 months, higher than male workers at 17%.

Providing patients with an easy to manage bank loan helps your community meet their financial obligation and provides significant improvement to a hospital’s revenue cycle – lowering bad debt expense and cost-to-collect, while concurrently increasing day’s-cash-on-hand and patient satisfaction.