Top Patient-Pay Trends To Keep An Eye On

Patient financial responsibility is not going away and is on a continuous state of rising year after year. Providers are responsible for effectively communicating and collecting self-pay and Balance After Insurance (BAI) balances in a patient-friendly way. Because patient satisfaction with the billing process is critical, we have identified some patient trends that we have

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Top considerations when deciding to insource or outsource collections

Everyone in healthcare knows that patients own an increasing share of the revenue pie. In many situations, the percentage is over 25%. What is not as commonly understood or appreciated is the operational implication of this shift. Patient revenue takes longer to collect, involves more resources and costs more. Much of patient revenue is collected

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Advanced Analytics Driving Healthcare Transformation

Everyone talks about big data’s potential to transform healthcare. They understand its needed to achieve the Triple Aim: improving patient outcomes, lowering cost of care, and increasing patient engagement. Yet there are very few tangible examples of organizations realizing this potential. One reason is our industry is historically slow to adopt change, even when we know what change needs to happen.

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Doing More with Less, The Value of Automated Claims Status Reporting

Automating claims statusing takes the manual and tedious and helps focus precious resources on claims that matter. Still, it’s not just THE solution to transform hospital business offices. It’s A sophisticated tool forward-thinking hospitals should have in their business office tool kit, to maximize productivity and achieve the revenue cycle results necessary to continue to offer excellent healthcare.

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Predictive Analytics Strengthen Readmission Risk Models by Defining Socio-demographic and Behavioral Attributes of Patient Populations

Predictive analytics can enhance the numerous readmission risk tools being used by healthcare providers by delivering actionable insight into the hands of the clinicians responsible for mitigating post-discharge failures.

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