Payment Plans Key to Collecting Patient Financial Responsibility

With the rise in popularity of high deductible health plans, hospitals are no longer waiting on just payers to collect what is owed to their hospital or practice. Patients have become a major revenue source, but hospitals are struggling to implement new strategies in response to the growth in patient financial responsibility.

Patients saw their average out-of-pocket costs increase to $1,813 by the end of 2017, representing an 11 percent boost compared to the previous year, a recent TransUnion Healthcare survey showed.

Click here to read article