Gone are the days when patient billing was primarily a back office process between healthcare providers and payers. With patients now shouldering more of the cost of their care, providers’ financial health is more closely tied to patient out-of-pocket payments. Given the shifting financial realities of revenue cycle, innovative providers are adopting new consumer-centric strategies to optimize their collection rate and lower costs. By offering modern, easy-to-use tools to engage directly with patients on administration, billing and payment, these providers are simultaneously enhancing the patient experience and improving key financial results. Read the article.
Providers don’t have to sacrifice patient satisfaction to increase collections — here’s why
Jan 27, 2020 — By Cedar Editorial Team