Streamlining Patient Payment for Better Revenue Cycle Management
Healthcare providers need to rethink their current patient payment collections strategy, thanks to two recent phenomena: high-deductible plans that are shifting a greater portion of the bill to the patient, and an increase in the number of patients struggling to pay those higher bills. A recent study found that 68 percent of patients failed to pay off medical bill balances in 2016, up from 53 percent in 2015 and 49 percent in 2014.
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