Key Trends in Self-Pay Management
Healthcare faces dramatic, historic increases in self-pay accounts; both in the value of these accounts, and their sheer number.
Self-pay dollars comprise more than one quarter of all A/R and that percentage is projected to keep rising.
Employees are now responsible to cover over 40 percent of the total cost of care in employer- provided PPO insurance coverage.
Consumer bad debt for medical expenses is projected to grow at a rate of 30 percent annually in some hospitals.
The only way for healthcare organizations—from ambulance companies to large healthcare systems—to thrive is by working smarter, not harder—or even faster.