All businesses have common goals. One of these is to generate greater profits and revenue. The only viable way to do this is by increasing sales. However, when you throw credit into the mix, problems ensue. While sales may increase, revenue may not if customers are unable to meet their payment responsibilities. Those sales then reflect in the business’ balance sheets as accounts receivable. However, if these aren’t turned into cash within a brief period, cash flow suffers. For too many companies, this is...

Financial institutions are reeling at the impact of new tools and technologies that have emerged over the last few years. Advanced analytics and big data are leading to more personalization in communication and this is improving the customer’s experience. When it comes to the payments sector, changes have also been afoot. Credit unions and other smaller financial institutions are having to move with the times. In an attempt to compete with the larger banks, they now have to expand the services they offer....

When it comes to the collection of accounts receivable, customer service has a role to play. This may come as a surprise to many organizations. However, evidence has shown that the breakdown of human interaction in modern business is causing many of today’s revenue difficulties.

Today’s healthcare payment systems aren’t always as efficient as patients would like them to be. This is the takeaway from the latest billing statistics to be released. It seems very clear patient outreach and education aren’t in line with spending on healthcare. Experts predicted, by 2019, that out-of-pocket expenses will reach more than $608 billion. These figures show there are still some major issues in the healthcare payment sector.

• ‘Top Ten’ list identifies organizations pioneering change in U.S. revenue cycle for healthcare sector
• BillingTree CareView solution provides highest standards of card-present security – including PCI Point-to-Point-Encryption compliance

Phoenix, Ariz. – December 19, 2018 – BillingTree®, the payment problem solvers™, today announced it has been named as one of the Ten Best Revenue Cycle Management Solution Providers by business healthcare reviewers, Insights Care. The award recognizes the impact the...

It’s fair to say that the events of 2018 have overwhelmed healthcare providers. Not only have patients become the largest payers, but medical billing has also been through some significant changes. Embracing these changes in healthcare billing solutions is vital to improving the revenue cycles of practices. So, what does 2019 have in store? Let’s look at the year to come.

Over the last few years, there has been an increase in the promotion of short-term health insurance plans. While these may appear more affordable on the surface, they rarely offer good value in the long run. The problems associated with these plans often outweigh their benefits. It’s no wonder, then, that so many healthcare organizations are curious whether better patient payment solutions could resolve the issues.