Patients With A High Deductible Make Up 25% of Commercial Consumers

Consumers are paying a greater share of their coverage out-of-pocket due to higher deductibles and employers passing on rising costs to their employees.

To make sure providers are successful in getting the revenue their due, two healthcare experts on Tuesday said what their organizations are doing to increase point of service payment and to collect on debt, during the HIMSSRevenue Cycle Solutions Summit in Boston.

The patient balance after insurance is increasing, according to Neville Zar, senior vice president of Revenue Operations at Steward Health Care in Boston. Between 2014 and 2016, this balance increased by 8 percent, from $264 to $285, he said.

 

Read the full story here: 

http://www.healthcarefinancenews.com/news/get-revenue-engage-patients-point-service-vendors-back-end

MD Credit