Patients Don’t Have Financial Buffer to Pay Out of Pocket Costs
Healthcare payments spike in the months of March and April, when the majority of American households receive their tax refunds.
Consumers Have Less Credit Available to Fund Their Care
A survey reveals that patients may have less money to fulfill their financial responsibilities because revolving credit had declined for consumers by approximately 26 percent.
Medical Account Resolution Best Practices
Recommendations crafted by HFMA's Medical Debt Task Force are intended to improve the medical account resolution process for patients and providers alike. The best practices provide guidance on resolving financial obligations before, during, and after a patient visits a hospital or other healthcare setting.
HFMA Medical Debt Task Force
HFMA partnered with ACA International and gathered a task force of stakeholders to establish best practices for the fair resolution of patients' medical bills. The stakeholders represented include a diverse group of providers, consumer advocates, collections agencies, and credit bureaus.
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