Three challenges to confront:
1. Pricing confusion. Ninety-four percent of Americans want healthcare providers to help them understand their medical bills, yet more than one-third of providers never discuss patient financial responsibility.
2. Forgetful patients. Thirty-six percent of patients report having trouble remembering to pay their bills on time.
3. Payment convenience. Mailing statements can cost as much as $10 per statement, whereas automated patient payment reminders cost mere pennies per notification.
More articles on coding, billing and collections:
State fee schedule takes precedence over CMS list, New Jersey court rules — 5 insights
Leveraging analytics to boost practice performance at your ASC
Georgia House introduces bill to exempt integrated ASCs from CON requirements — 3 insights
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