Experts suggest screening patients for propensity to pay can help providers reduce the burden of bad debt. That’s because when you screen a patient’s medical payment history, you can identify risks and collect the bill while the patient is still in-house.
The Senate Health Committee has proposed legislation to decrease out-of-pocket costs for patients. Proposed reforms will take on the anti-vaccination movement, maternal mortality rate, and prescription prices.
A Persistent Market Research report shows that claims management solutions will continue to dominate until at least 2025. That is, as long as these solutions can outpace the factors affecting their demand: cyber security and ROI worries.
The explosion of the RCM software market in recent years has led to worries about keeping patients’ data secure. One speaker at HIMSS19 even went so far as to say that cybersecurity should be a revenue cycle management key performance indicator (KPI).
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