patient payments

Collecting Patient Payments

Smart Strategies for Collecting Patient Payments

As healthcare costs continue to rise, collecting patient payments has become increasingly important for healthcare providers. According to a study by the Healthcare Financial Management Association (HFMA), patient responsibility for healthcare costs is projected to reach $608 billion by 2019. However, collecting patient payments can be a challenge for healthcare providers, with a survey by …

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Unlocking the Power of Patient Engagement: Key Elements of a Successful Strategy

Unlocking the Power of Patient Engagement: Key Elements of a Successful Strategy

Patient engagement is a crucial aspect of healthcare that determines the success of a medical practice.It refers to the active participation of patients in their healthcare and the steps taken by healthcare providers to involve patients in the decision-making process. A successful patient engagement strategy enhances the quality of care,improves patient outcomes, and increases patient …

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Top Strategies for Improving Patient Collections

Top Strategies for Improving Patient Collections

Collecting patient payments is an essential aspect of healthcare revenue cycle management. However, it is also one of the most challenging tasks healthcare providers face. According to recent studies, patient collections account for up to 30% of a healthcare organization’s revenue, and yet nearly 70% of patients with outstanding balances do not pay their bills …

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