What is the value of a patient balance management program? Patient financial liabilities are skyrocketing and insured bad debt is growing beyond uninsured bad debt. Providers need robust Patient Access services and technology with a patient-centric approach that helps patients understand complex information about their care and how they can best accommodate the associated fees.
As the patient billing experience is streamlined and simplified through the unification of patient data, hospitals can drive higher patient satisfaction, patient collections and hospital cash flow.
Cohesive Strategies Discussed:
- Financial clearance
- Eligibility enrollment
- Pre-Service collection
- Self-pay collection
- Bad debt collection
