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 revenue cycle
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”
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”
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”
NAHAM members: be sure to attend this webinar to hear secrets to success with patient pay. Featuring Deborah Vancleave, Vice President of Revenue Cycle at Mosaic Life 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”
We know last year was a tremendous year for mergers and acquisitions in healthcare. One study by Kaufman Hall found that the number of mergers increased by 13% in 2017 compared to 2016, with twice as many “big-ticket” mergers last year. Many claim these mergers are good for the industry, particularly in terms of cost-savings. … Continue reading “With Healthcare Mergers Squeezing Competition, Patients Feel the Pinch”
Visit ClearBalance during the HFMA Region 9 Annual Conference in New Orleans. Ask for a HFMA Peer Reviewed ROI Value Model report to identify your opportunity to improve patient pay.
Most Americans, even those with insurance, struggle with their cost of care. It’s an unexpected expense. When we refer to patient pay, we’re no longer talking about those without insurance, but those who have insurance and still bear a significant cost of their care. When 81 percent of single workers have an average deductible of … Continue reading “Why the Two Payer Market is Important”