Beating the patient-pay problem with 3 point-of-service collection strategies
August 01, 2016 | Email
A larger share of many hospitals’ reimbursement now comes from patients rather than commercial payers. Yet many providers haven’t updated their collection practices.
If common goods increased at the same inflationary rates as healthcare costs, one dozen eggs would cost about $55, said Johnathan Wiik, a principal at TransUnion Healthcare during a webinar sponsored by Becker’s Hospital Review on July 25. A number of external market conditions have influenced the rise of healthcare costs, including technology, pharmaceuticals and chronic care populations that drive healthcare utilization.