on Thursday, March 15, 2018
According to the recent findings from the 2017 Revenue Cycle Management Survey, by Black Book Market Research, there has never been a better time to help patients anticipate, plan, and track their financial obligations. Patients want to have more financing options and easier ways to make their payments.
As a result of a nearly $2,000 average increase in deductibles, and patient out-of-pocket costs rising to nearly $4,500, millions of dollars are going uncollected, causing medical practices and large health systems to lose money.
Medical billing and revenue cycle management companies are always looking to provide improved patient-friendly billing and payment technology that collects payments in a more automated way.
Practices should be looking for innovative technology that engages patients in the payment process, provides flexibility in payment plans and shows patients a more transparent billing system.
Learn more about how POS Patient Payment Services can save you time and help you collect more of your money.