Billing and Collections
Contactless payment is now being used by nearly 80% of consumers worldwide for health and safety reasons.
When health systems have their staff manage revenue cycles, up to 25% of the day can be spent on repetitive tasks related to the revenue process.
Higher revenues through September were offset by rising expenses of 3.5% year-over-year, according to Kaufman Hall report.
The task force recommends providers engage in conversations about bills long before the post-discharge account resolution process.
In recent weeks several major drugmakers have stopped providing 340B pricing for safety net hospitals.
The programs are for coronary artery bypass grafting and shoulder replacements. They incentivize clinicians to improve patient care and lower costs.
Despite policies that try to drive prices down by giving consumers information, price transparency in healthcare does not work, the report says.
In response to what AHIP said was price gouging, the organization has called for policy changes to stop the practice from continuing.
The partnership will give Geisinger's 1.5 million customers and 13 hospitals a consolidated and personalized healthcare billing experience.
The drugs were wasted because of the purchase of single-dose vials of medication, study says.