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”
Tag: Healthcare costs
Patients Share and Compare Financial Experience Stories SAN DIEGO, Dec. 11, 2018 – Just as consumers shop for the right care experience, now they think about the financial experience, too. According to the ClearBalance® 2018 Healthcare Consumerism study, 79 percent of respondents will ask their provider about payment options. What’s more, 94 percent expect their … Continue reading “Consumers Expect Long-Term Patient Financing to Help Afford Care”
Hackensack Meridian Health, Novant Health, VCU Health, Mosaic Life Care Named Top Winners for Patient Financing Performance
ClearBalance Honors Health Systems that Balance Patient Pay Affordability and Revenue Cycle Improvement SAN DIEGO, June 25, 2018 — Hackensack Meridian Health in New Jersey, Novant Health in North Carolina, VCU Health in Virginia and Mosaic Life Care in Missouri are top winners in the 2018 ClearBalance® Patient Financing Performance awards. The annual awards program … Continue reading “Hackensack Meridian Health, Novant Health, VCU Health, Mosaic Life Care Named Top Winners for Patient Financing Performance”
More Health Systems Turn to ClearBalance Patient Financing SAN DIEGO, June 4, 2018 – Maximizing patient reimbursement is a No. 1 priority, according to 57 percent of health system leaders responding to a patient pay trends survey by Vantedge Research and ClearBalance®. And 54 percent regard patient loyalty as important to solidifying future market share. … Continue reading “Focus on Patient Reimbursement Remains High Priority”
New Group Anticipates Changing Dynamics of Patient Pay SAN DIEGO, Jan. 22, 2018 –Health systems today must balance patient reimbursement with consumer expectations for an affordable, retail-like experience. There’s much at stake for a patient pay strategy that differentiates a health system and creates loyal consumers. ClearBalance® has created a new division, Customer Success and … Continue reading “ClearBalance Builds on Patient Loan Demand with New Division”
ClearBalance President and CEO Bruce Haupt is a panelist for the discussion, “Enhancing Access, Affordability and Equity of Care,” during the AHA Executive Forum, Dec. 4-5 in Chicago. See you there.
Tom Cook of ClearBalance will present findings of the 3rd annual Healthcare Consumerism study during his presentation, The Impact of Patient Loyalty on the Revenue Cycle, Sept. 20 at 3:20 p.m. See him at the VA/DC HFMA Fall Education Conference.
Patient Cost of Care is Top of Mind SAN DIEGO – Healthcare organizations that offer and promote long-term financing to help patients pay their cost of care stand a better chance of increasing market share and preventing network leakage. According to the third annual Healthcare Consumerism study sponsored by ClearBalance®, 90 percent of patients/consumers surveyed … Continue reading “Healthcare Loan Program Helps Create Captured Consumer”
Tom Cook of ClearBalance is a featured speaker for the HFMA Hudson Valley chapter one-day event. “Patient Obligations and Financing Strategies in the Era of High Deductible Healthcare,” 10:15-11:30 a.m. Hyatt House, Fishkill, NY
Sept. 18, 2016 — As the insurance landscape has changed, it’s clear that the patient/consumer focus has broadened from health and outcomes to money, as in, “What will I owe?” and “How will I pay for care?” In fact, out-of-pocket responsibility often is driving where and when – or sometimes if – patients receive care. … Continue reading “Study Reveals Users are Strong Supporters of the ClearBalance Program”