Weathering the Storm:
Best Practices for Patient Collections
05.24.17 • Webinars
Presenter: Nick Davis Product Manager, Access Management
As we move further into 2017, the future of the Affordable Care Act (ACA) clearly remains in question, despite the withdraw of the GOP’s replacement plan in late March. Providers and patients nationwide anxiously await the administrations next move to see how it will impact their bottom line.
Simultaneously, patient financial responsibility continues to increase due to government regulations and High Deductible Health Plans (HDHPs), and yet hospitals are collecting significantly less from patients with higher out-of-pocket costs.
While the future holds uncertainty for providers, one fact remains clear – the need for hospitals to focus on up-front patient collection strategies to boost revenue and reduce bad debt is here to stay.
In this webinar we will discuss:
- Current regulatory initiatives impacting hospital revenue cycle.
- Best practices & tactics for successfully increasing patient collections.
- Leveraging metrics and key performance indicators (KPIs) in patient access to track (and improve) financial results.