There is currently a transition underway to care that is based on value rather than based on volume. This change is set to have a huge impact on how competitiveness applies to healthcare. Interest is growing in digital communication and patient payment plans. With new healthcare payment systems offering patients a choice, it’s easy to see why they are becoming so popular. As patients face increased financial responsibility, more payment options can only be a good thing.

The most recent consumer generation has entered the workforce and is already struggling to meet its payments. Members of Generation Z are struggling to come to terms with bill payments. Therefore, it’s no wonder 53 percent are paying bills late. This is important news for practices that are considering investing in a health payment systems provider portal.

Increasing numbers of U.S. citizens today have been forced into having an HDHP. Annual deductibles are high –- thousands of dollars for families. More than 40 percent of all people with private medical insurance under 65 years of age have an HDHP. This is a trend that is increasing year-on-year. For healthcare practices, this is bad news. More patients are now being asked for larger amounts to cover the cost of their treatments. These costs have increased by around 30 percent over the last four years. As...

Accuracy and speed are two things that every medical practice strives for. However, healthcare reform these days makes achieving these goals more difficult than ever. The value-based compensation model is time-consuming. Meanwhile, billing regulations and rules are constantly fluctuating. When practices fall behind, the result is serious billing errors, reduced revenue, and dissatisfied patients. The question many practices are asking is whether there’s a health payment solution that can eliminate these...

We have now entered 2019. And, that means deductibles on insurance policies have reset. For a few months, patients will pay out of their own pockets. This worries healthcare practices. Cash flow is already a problem. However, at this time of year, the concerns about patients failing to make payments are even more well-founded. How can you make sure your patients will pay in a timely manner? Finding the right solutions for healthcare patient payments could be the answer. So, how can you maximize your...

Now that 2018 has ended, it is time to look at how financial institutions have fared over the year. It is fair to say that it has been a year of changes. Modern technologies, such as machine learning automation and artificial intelligence, have taken the industry by storm. Meanwhile, data security issues have come to the fore. When paired with market shifts and regulatory changes, it is easy to see the year has been a challenging one. As we embark on 2019, financial institutions are wondering which...

For any medical practice, providing the very best treatment for patients is always the top priority. However, all too often, practices find patients often fail to complete their courses of treatment. This is never in the best interest of the patient. If a doctor gives a patient a course of treatment to follow, it’s because he or she believes it’s necessary. When patients cut their treatments short, they risk a relapse or a worsening problem. However, there is an effective way to ensure patients complete...

Healthcare service providers may be taking some unnecessary risks when it comes to their healthcare billing solutions. Yet, they may not even know that the options that they are choosing come with risks. We are living in an age of product globalization. Companies of all kinds are leveraging lower-cost products and labor from overseas. It is no wonder then that the healthcare arena is also trying to cash in. By opting for offshore healthcare billing solutions, they believe they are saving their...