Tag: Patient Payment

Healthcare Costs

Out-of-Pocket Costs Increased Across All Healthcare In 2018

Patients experienced out-of-pocket increases as high as 12% for their healthcare costs last year, according to a new analysis by TransUnion Healthcare. Released this week at the 2019 Healthcare Financial Management Association Annual Conference in Orlando, Florida, the analysis shows increases occurred in all categories including inpatient, outpatient and emergency department (ED) care. Specifically, inpatient care costs […]
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Patient Financial Encounters

Customize Patient Financial Encounters For Revenue Cycle Success

Healthcare is a top priority for American voters and there aren’t dramatic differences by ideology, according to a new survey. Adopted from the marketing industry, customer segmentation allows health systems to further customize the patient financial experience and help them get paid. Key Takeaways Tailor billing strategies and patient payment options to a financial situation […]
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Patient Satisfaction, Medical Billing, Healthcare business model, Healthcare Providers, Patient Payment, Healthcare, Consumerism, Health Plans, Digital Healthcare, Patient Collections, Healthcare Technology, Machine Learning, Healthcare Automation, Medical Practice, Consumer Engagement.

How to Drive Patient Satisfaction and Financial Results with a Modern Medical Billing Process

Most industries embrace the motto “the customer is king.” They are acutely aware their success is driven by it. While the complexity of the healthcare business model has made it challenging for provider organizations to adopt such an ethos, the recent rise of consumerism in the industry necessitates that providers prioritize the patient experience if […]
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