Managing Patient Financial Responsibility, While Maintaining High-Quality Care

September 29, 2024 / admin / Articles, Patient Billing, Patient Care, Patient Experience, Patient Financial Responsibility, Patient Flow, Patient Insurance Eligibility, Patient Medical Billing, Patient Responsibility, Patient Satisfaction, Patient-Centered Medical Home, Patient-Centric, Patient-Centric Billing Systems, Patient-Friendly

Healthcare providers face the dual challenge of delivering exceptional patient care while effectively managing the financial aspects of their practice. As healthcare costs continue to rise and patients bear an increasing share of these expenses, it’s crucial for providers to implement strategies that balance financial sustainability with the commitment to high-quality care. We inspect the […]

Patient Financial Responsibility

September 24, 2024 / admin / Articles, Patient Billing, Patient Care, Patient Collections, Patient Costs, Patient Dissatisfaction, Patient Experience, Patient Financial Responsibility, Patient Medical Billing, Patient Responsibility, Patient Satisfaction, Patient-Centered Medical Home, Patient-Centric, Patient-Centric Billing Systems, Patient-Friendly

Managing Increasing Patient Out-of-Pocket Costs and Improving Collections The healthcare landscape in the United States has undergone significant changes in recent years, with one of the most notable shifts being the increasing financial burden placed on patients. As insurance companies and employers look to control costs, patients are facing higher deductibles, copayments, and out-of-pocket expenses. […]

How to Prevent (Denied Medical Claims)

August 20, 2019 / admin / Articles, Billing, Billing Accuracy, Billing AI, Denials Managements, Medical Billing, Medical Billing Companies, Medical Billing Outsourcing, Patient Medical Billing, Revenue Cycle Management

It’s approximated that $3 trillion worth of medical claims are submitted every year to insurance companies, etc., with $262 billion worth of these claims denied. Approximately 65% of the denied medical claims are not resubmitted to the organization which denied the claim. Statistical data indicates that commercial payers are denying 58% of those claims. Appealing […]