Rise of the Third Payer: Disrupting the Patient Payment Culture

The next big challenge to the financial health of hospitals isn’t a sweeping new government program or payer initiative; it’s an amalgamation of revenue from thousands of different sources: patients. Patients are paying a larger portion of their hospital bills, and hospitals are collecting a larger percentage of their revenue directly from patients. Traditionally, hospitals might collect a co-pay at the point-of-service, but billing for patient receivables (also called balance after insurance)
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