Patients don’t know what they don’t know. When they receive a massive medical bill, the statement balance can be so overwhelming that they simply opt not to pay, not realizing that they have options for paying off their balances. They…
The goal of Health Savings Accounts (HSAs) is for individuals and families to be able to save for, and pay for, healthcare expenditures. While HSAs do offer many benefits for self-pay patients in terms of pre-tax and tax-deductible contributions, in…
Unless an elective surgery is medically necessary, payment is not covered by the patient’s insurance, meaning the patient will be responsible for the entire cost of the surgery. Given the financial environment of many U.S. hospitals today, it is important…
Third party Medicaid Advocacy vendors help individuals access their public benefits by holding their hand throughout the public benefits eligibility process. They also assist hospitals in managing their processes so that applications can be handled efficiently to avoid issues associated…
When you have self-pay patients on your ledger, there are some ideas you need to keep in mind while awaiting payment. Some of the patients will pay on time and even early while others may take a longer time or…
It used to be that people would pay for routine primary care out of pocket, saving their high deductible health insurance plan, if they had one, for emergency situations. While the ACA attempted to create a shift back to value-based…
As a hospital, you depend on payments to keep your practice going. After all, it’s your revenue that allows you to keep updating your equipment and practices as well as provide your patients with the exceptional care that they deserve. …
The healthcare system is changing and will only continue to change as 2017 rolls along. Not only is the way care being delivered changing, but so, too, is the way that you will be getting paid. Here’s how revenue cycles will…
Self-pay patients often find themselves in a difficult situation. They don’t seek medical care until it is absolutely necessary, and when they do, they are often caught off guard by the bill that arrives after care is done. The total…
With the election of Republican Donald Trump as the United States’ new president, a lot of fears and questions have been raised about what is going to happen to our country’s medical care. At the center of all the concern…
