2018 patient out-of-pocket costs increase 12%
A recent analysis found that about 59% of patients in 2018 had an average out-of-pocket expense between $501 and $1,000 during a healthcare visit. This was a dramatic increase from 39% in 2017.
Revenue Cycle Strategist: May 2019 Issue
Subscribers to Revenue Cycle Strategist may access the individual articles below. Patient Access How Texas Health Resources improved patient access and preservice revenue BY LOLA BUTCHER The health system uses a centralized preservice financial clearance department and automated dialers to contact 98 percent of scheduled patients before they receive services. Web extra: Texas Health Resources preregistration pamphlet Patient…
Analysis: Groupon for healthcare services fills a void for consumer-focused pricing
It should be no surprise to U.S. healthcare providers that Groupons are available for healthcare services given the high cost of healthcare and lack of price transparency.
How providers should adapt to the demands of a consumer-driven healthcare system
Insights during a 2019 HFMA Annual Conference cohort revealed various approaches that providers can use to meet the increasingly urgent challenge of improving the patient experience.
Change Healthcare: Curbing Bad Debt by Improving the Patient Financial Experience
In this roundtable, several revenue cycle leaders discuss how they are tackling escalating patient responsibility, exploring the value of putting individuals on pathways toward payment that boost satisfaction and revenue.
Supporters of releasing privately negotiated health plan rates dominate public comments
Supporters of a proposal for hospitals to release their health plan-negotiated rates, so far, have dominated comments on it to CMS.
Search for federal funding driving surprise bill legislation: advisers
A search for new federal funding is driving fast-moving surprise billing legislation and will ultimately determine if it is enacted, according to legislative advisers.
A look at the financial ramifications hospitals may see from ‘public charge’ changes
Hospitals could lose billions of dollars nationally in Medicaid and CHIP revenue due to a new change in rules for legal immigrants.
Analysis: Out-of-pocket costs increased faster than wages in 2018
The latest TransUnion Healthcare report shows a 12% increase in patient out-of-pocket costs while wages grew only 3%, proving the need for hospitals and health systems to engage patients in a discussion about their out-of-pocket responsibility.
How one hospital improved patient access, specialty referrals and completed-appointment rates
Texas Children’s Hospital achieved financial and operational improvements after streamlining referral and scheduling processes to better accommodate providers and patients.