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: patient financing
UPMC Pinnacle Revenue Cycle Team Creates Positive Patient Financial Experience
A Focus on Patient Engagement Enhances Satisfaction and Financial Performance Harrisburg, Penn., June 24, 2019 – UPMC Pinnacle has undergone significant operational changes, including overhauling its revenue cycle IT system and adding new facilities throughout south central Pennsylvania. In September 2017, the health system joined UPMC. Throughout UPMC Pinnacle’s history, the Revenue Cycle team continues … Continue reading “UPMC Pinnacle Revenue Cycle Team Creates Positive Patient Financial Experience”
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”
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”
Consumers Expect Long-Term Patient Financing to Help Afford Care
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”
Making Care Affordable without Sacrificing Financial Performance webinar
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”
Focus on Patient Reimbursement Remains High Priority
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”
With Healthcare Mergers Squeezing Competition, Patients Feel the Pinch
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”
ClearBalance Consumerism Study Finds Patients Seek Affordable Healthcare Financing
SAN DIEGO, Sept. 14, 2016 – Healthcare is a big-ticket expense that requires long-term financing, according to 91 percent of patients/consumers responding to the ClearBalance® Healthcare Consumerism study. Now in its second year, the Healthcare Consumerism study measures awareness, satisfaction and loyalty with the ClearBalance consumer-friendly loan program. It also measures patients’ use of the program and … Continue reading “ClearBalance Consumerism Study Finds Patients Seek Affordable Healthcare Financing”