Category: Patient Pay

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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How to Increase Revenue in Chiropractic Office

August 23, 2019 | Patient Financing, Patient Pay, Patient Satisfaction, Revenue Cycle Management

Your chiropractic office exists to help people, but your ability to continue helping people depends on how much revenue the practice is generating. So while the health of your patients is always top-of-mind, the health of your practice is not to be neglected. Here are three ways that you can increase revenue in your chiropractic […]

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Self Pay

What You Need to Know About Patient Responsibility Payments

June 5, 2019 | Healthcare Financing, Homepage, Medical Billing, Patient Financing, Patient Pay

Historically, independent practices have had better collection rates than large networks or hospitals. But that’s changing. Patients are shouldering more and more of the financial burden for healthcare than ever before. Higher deductibles. More in premiums. Greater copays. In fact, Kaiser Family Foundation revealed that out-of-pocket patient pay rose about 230% between 2006-2015. That same […]

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doctor-consult-financing

3 Ways an Automated Healthcare Payment Solution Can Increase Collections

May 8, 2019 | Medical Billing, Patient Collections, Patient Pay

Traditionally, it was enough for a medical practice to render services, collect copay, submit a claim, and then bill the patient. For a growing number of urgent care centers (and other medical facilities) this model of billing and collecting is no longer optimal. This is in part due to changing consumer expectations, as well as […]

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patient-pay

Patient Satisfaction Linked to Improving Patient Pay

January 3, 2019 | Patient Pay

Practices rely on patient pay to increase revenue and maintain the necessary standard of care. According to the Medical Group Management Association, practices, on average, collect $15.77 for every $100 they charge. That’s less than sixteen cents received for every dollar billed. Organizations are finding that enhancing patient satisfaction has been shown to positively affect […]

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