Debt collectors could take stimulus payments from millions of Americans
Given the media's heightened scrutiny of healthcare collections activity, hospital and health system leaders should ensure any business partners used for collections understand revenue cycle best practices during the pandemic-induced recession.
Hospitals should partner with community groups to help educate the recently unemployed about exchange enrollment options
Many of the recently unemployed will qualify for a special enrollment period through the federal or state exchanges if the federal exchange hasn’t reopened.
Rural hospital finances hit hard by looming threat of COVID-19 as leaders scramble to preserve cash
Although most healthcare providers are likely to take a financial hit from the coronavirus pandemic, rural hospitals are especially vulnerable and are scrambling to preserve cash.
Coronavirus’s impact on the U.S. economy calls for hospitals to increase financial counseling and review financial assistance and accounts resolution policies
The coronavirus pandemic's impact on the U.S. economy requires hospitals to increase financial counseling and review financial assistance and accounts resolution policies.
Not-for-profit hospital status coming under increasing scrutiny
Despite tax-exempt hospitals providing $95 billion in total benefits to their communities in 2016 alone, it's anticipated that hospitals' tax-exempt status will see additional scrutiny.
HFMA conference in New Orleans focuses on achieving a consumer-centric revenue cycle
HFMA conference in New Orleans focuses on achieving a consumer-focused revenue cycle.
Revenue Cycle Strategist December 2019
The December 2019 issue of Revenue Cycle Strategist features articles on building a chargemaster, new coding changes for 2020, revenue integrity, evaluating and management charges and patient financing.
Long-term financing rises as top patient concern
An overwhelming majority of respondents to a survey patient payment experience say they need more than 12 months to repay their healthcare costs.
The challenges and opportunities in pursuing a patient-centric financial experience
A roundtable of healthcare revenue cycle leaders examines the pressing need to keep patients at the center of revenue cycle activities to increase yield and patient satisfaction while lowering administrative costs.
In the wake of recent news, providers should examine their patient collection practices to avoid pitfalls
Best practices can help healthcare providers avoid some of the pitfalls of trying to collect on patient debt.