Patients are now the third largest payer, just behind Medicare and Medicaid.[1] That makes patient payments a critical part of a provider’s revenue stream—up to 35% in some cases.[2] If you’re a provider who continues using reactive, post-service collections...
Hospitals have long received a high percentage of their revenue from health insurers, but the rise in deductibles and self-pay patients have made insurance and Medicare payments a decreasing proportion of revenue. Patient out-of-pocket medical expenses have risen...
The evolution of health insurance plans means that insured patients are increasingly purchasing coverage that includes higher deductibles, higher co-pays for physician and specialist visits, and co-insurance. Patient out-of-pocket medical expenses have risen steeply,...
