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Help More Patients Afford The Healthcare Services They Need

December 24, 2019 | Patient Financing

  A medical practice’s primary concern is serving its patients. You want to help patients that need care and ensure that they stay happy and healthy. But the reality is that many Americans aren’t seeking care because they can’t afford it. A recent poll showed that 54 percent of Americans said they’ve delayed care for […]

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Best Practices For Implementing a Patient Financing Program

December 17, 2019 | Patient Financing

The amount that people are paying for medical care is on the rise. The average American household spent roughly $5,000 per person on healthcare services last year, which is a 101% increase since 1984 when adjusted for inflation. The cost of medical insurance is also on the rise and has grown 740% in the past […]

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How to Increase Patient Collection Rates at Your Practice

December 10, 2019 | Patient Financing

Speeding up the payment cycle is a large pain point at medical practices of all sizes. Data compiled by MedData showed that 83% of medical practices report their top challenge is collecting patient payments with high-deductible health insurance plans. The Kaiser Family Foundation found that fewer than 63% of non-elderly households with incomes above the federal […]

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What is The Best Patient Financing Option For Your Practice?

December 3, 2019 | Patient Financing

Most patients carefully plan out their monthly budgets. When an unexpected medical bill arrives, they feel stressed out and overwhelmed. How will they afford the bill? Estimates suggest that a quarter of baby boomers, Gen Xers, as well as nearly a third of millennials, avoid seeking care due to costs. This problem is amplified by […]

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Increasing Patient Satisfaction Without Risk

November 26, 2019 | Patient Pay

An increasing number of Americans have high-deductible health insurance plans. These plans are designed to help people pay medical costs, but the patient pays a large percentage of the costs until a large deductible is met. And for some Americans, paying those expenses out of pocket is a huge financial burden. Over 50 percent of […]

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Healthcare Billing Technology That Drives Practice Revenue

November 19, 2019 | Patient Pay

More patients today have high-deductible insurance plans, which means they are paying a larger share of their healthcare bills. In fact, three-quarters of providers report they notice an upward trend in what patients pay out of pocket. In an environment of record spending and shifting attitudes about purchases and payments, the implementation of patient-centric billing solutions […]

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The Benefits of Flexible Patient Payment Options

November 12, 2019 | Patient Pay

The needs of patients are quickly evolving. Services that were acceptable even 10 years ago are now considered subpar by customers who have adapted to “Amazon-like” experiences in all corners of business, everything from retail to banking to the healthcare industry. A recent study showed the No. 1 priority of patients is to receive personalized […]

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Personalized Patient Payment Solutions

November 5, 2019 | Patient Pay

Physicians work hard to build trust with patients by providing a high level of care. Apart from the clinical side of the patient experience, the financial aspect plays an important role in the experience as well. In the past, when a patient furnished their insurance card, both the practice and the patient had an understanding […]

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Establishing a Patient Engagement Roadmap For Your Practice

October 22, 2019 | Patient Engagement

Patient engagement is a buzzword in the healthcare industry, but practices that implement strategies in this area have a distinct advantage. The needs and demands of patients are rapidly changing. Patients searching for new doctors increasingly rely on the factors of convenience, cost, and reputation, according to a recent Deloitte study. All three of these […]

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