RevCycle Blog
Patient Financing Programs: Know Your Options!
Uncompensated care continues to grow, causing huge problems for providers. At the same time, struggling patients look to providers for relief from their financial burden. Every year, more patients fall into the dreaded gap—they don’t have the money on hand to pay...
Hostile to Hopeful: 5 Tips for Breaking Through On Difficult Collection Calls
People with more debt are prone to higher levels of stress and anxiety. In this study, Dr. Gathergood of Nottingham University confirmed that high amounts of debt are associated with increased rates of stress and depression. Everyone responds to stress differently,...
How to Reduce A/R Days
Accounts receivable aging refers to the time it takes to completely resolve a claim, also known as A/R days. A good rule of thumb is to view any claim over 180 days old as one that is in serious danger of not being collected. Generally, days in A/R should stay below...
How to Increase Healthcare Debt Recoveries Through Outsourcing
In 2015, 41 percent of working-age Americans (72 million people) had medical bill problems or were paying off medical debt, up from 34 percent in 2005. The main cause for this increase is the fact that insurance companies shifted more payment responsibility to the...
Collecting Self-Pay Balances: How to Effectively Communicate with Patients
Self-pay balances, which include uninsured patients as well as the Patient Balance After Insurance (PBAI), are rising in direct connection to high deductible insurance plans, from 8% of total bill responsibility in the first quarter of 2012 to 12.2% in the first...
6 Strategies to Improve Patient Retention
As the patient responsibility portion of the cost of healthcare continues to rise, forward-thinking providers are increasingly focusing their revenue cycle teams on strategies that deliver a positive patient billing experience and drive patient responsibility balance recoveries.
5 Solutions for a Better Patient Experience
It is becoming more and more important to provide patients with a great experience when they visit your facility. Here are 5 solutions to accomplish this and streamline processes so you can provide the best care possible.
Revenue Cycle Optimization: How Outsourcing Can Help
As the patient responsibility portion of the cost of healthcare continues to rise, forward-thinking providers are increasingly focusing their revenue cycle teams on strategies that deliver a positive patient billing experience and drive patient responsibility balance recoveries.
