Tag: ClearBalance

Patient Financing Moves from Nice to Have to Need to Have

SAN DIEGO, Jan. 27, 2020 – U.S. out-of-pocket healthcare spend, including consumer copayments, deductibles and spending not covered by insurance, was more than $375 billion in 2018, according to the Centers for Medicare & Medicaid Services (CMS). CMS projects 43 percent growth in patient out-of-pocket financial responsibility between now and 2027. Increasing consumer responsibility for … Continue reading “Patient Financing Moves from Nice to Have to Need to Have”

How Healthcare Remains True to Its Mission — Providing Affordable Healthcare for All

By Bruce Haupt, President & CEO The new decade is here. In 2020, we can expect healthcare pricing and affordability to take center stage as the presidential race kicks into gear. With the focus on affordable healthcare, we have an opportunity to help people who are most vulnerable manage to pay for the healthcare they … Continue reading “How Healthcare Remains True to Its Mission — Providing Affordable Healthcare for All”

A Call to Action 20 Years After “To Err Is Human” – Getting to Zero Patient Bad Debt

By Laurie Heavey, VP Strategic Marketing  We all know that patients carry more of the payment burden for their medical care. And with so much negative publicity about sending patients to bad debt collections, health systems need to manage a delicate balance between collecting what they’re rightfully owed and giving patients reasonable payment options. The … Continue reading “A Call to Action 20 Years After “To Err Is Human” – Getting to Zero Patient Bad Debt”

Patient Financing Newcomers See Significant Impact in Less Than a Year

(L-R) HFMA’s Todd Nelson, Patrice Taleff, UPMC Pinnacle, Karen Hoffman, CentraCare Health, Stacey Russell, MaineGeneral Health and Pete Thompson, ClearBalance ClearBalance Honors CentraCare Health and MaineGeneral Health for Improved Revenue Cycle and Patient Satisfaction Metrics  SAN DIEGO, June 24, 2019 – CentraCare Health in Minnesota and MaineGeneral Health in Maine have been named 2019 Patient Financing … Continue reading “Patient Financing Newcomers See Significant Impact in Less Than a Year”

Physician Practices Offer ClearBalance Financing Program to Boost Patient Experience and Loyalty

SAN DIEGO – June 10, 2019 –Until recently, medical groups and primary care physicians were largely immune to consumer forces of convenience and affordability that have affected hospitals and health systems. That’s because physicians historically enjoyed “repeat business” through generations of people who found familiarity and comfort with their longtime family physician. However, that’s all … Continue reading “Physician Practices Offer ClearBalance Financing Program to Boost Patient Experience and Loyalty”

Pre-service to Next Service Patient Financial Journey — Ensuring a Payment Path Ultimately Leads Back to You

By Laurie Heavey, VP Strategic Marketing Spurred by the need to treat the patient as a payer, along with continued calls for price transparency, more health systems are having the financial conversation earlier in the patient care process. Today, the patient financial journey begins with pre-service scheduling. During pre-service conversations, patients typically want an estimate … Continue reading “Pre-service to Next Service Patient Financial Journey — Ensuring a Payment Path Ultimately Leads Back to You”

Greater Need for Long-Term Patient Financing Results in Multiple Health Systems Selecting ClearBalance

ClearBalance records another strong year of growth for its patient financing solution in 2018 SAN DIEGO, Jan. 9, 2019 – Confirming that consumers increasingly want and need long-term patient financing to cover their out-of-pocket medical expenses, several new health systems began offering the ClearBalance® zero-interest patient financing program in 2018. Adding to their ranks were … Continue reading “Greater Need for Long-Term Patient Financing Results in Multiple Health Systems Selecting ClearBalance”

ClearBalance ROI Value Model Receives HFMA Peer Review Designation for Fourth Consecutive Year

Posted by Healthcare Financial Management Association Chicago, IL, Sept. 17, 2018 (GLOBE NEWSWIRE) — The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, ClearBalance® has once again achieved the “Peer Reviewed by HFMA®” designation for its ROI Value Model™. The ClearBalance ROI Value Model identifies a healthcare provider’s cost to collect patient … Continue reading “ClearBalance ROI Value Model Receives HFMA Peer Review Designation for Fourth Consecutive Year”