Billing and Collections
Close to 60 percent of responding executives say their organizations have processes and structures in place to achieve cost transformation goals.
Making patient financial responsibility clear from the get-go is an imperative for providers trying to avoid no-pays and consumer dissatisfaction.
When asked, 86 percent said insurance companies are "very" or "somewhat" responsible, while 82 percent said hospitals were "very" or "somewhat" responsible.
Mosaic just started the third year of a five-year plan, and is already seeing improved collections and revenue en route to a projected $9 million ROI.
Among the lesser-known benefits of telehealth are its abilities to help hospitals strengthen a provider's billing and payment collections.
Consumers who rely on short-term plans for an extended period could face high medical bills when their care isn't covered, AHIP says.
Bad debt exceeds $10 million at a third of healthcare organizations and leaders lack confidence about how much is recoverable, according to a new study.
This is the second year in a row in which the index has found an increase in the potential industry savings that could be achieved with full adoption of electronic transactions.
There's "no perceivable benefit" to patients as the chargemaster "rack rate" is not a reflection of what they'll end up paying, experts say.
Mitchell Katz vows to eliminate the budget gap with a culture shift to focus on billing, add profitable services and reduce unnecessary testing.