These days, the healthcare revenue cycle for hospitals is more complex than ever. There are numerous factors behind this. Complicated payer contracts, as well as more regulatory demand, are partly responsible. It’s no wonder so many hospitals are struggling to keep their finances on an even keel. Boosting the performance of the revenue cycle is, therefore, becoming more important with every passing year. With operating costs on the rise and reimbursements dwindling, how can hospitals ensure their financial...

When it comes to health payment systems, many practices are finding they’re lagging behind. Payment processing within the medical field has never been easy. However, with the recent increase in high deductible plans and increased patient responsibility, it’s harder than ever.

More healthcare practitioners are reporting that patients have a negative attitude when it comes to making healthcare payments. When consumers use professional services, such as those of attorneys or architects, they fully expect to pay. Consumers have no difficulty in paying for these services in advance. However, they seem to have issues with paying for the services of medical professionals. This applies especially when it comes to providing card details upfront before the provision of healthcare...

Today, patients have to shoulder the burden of even more of their healthcare costs. It is for this reason that they’re now becoming more selective when choosing providers. Practices that can’t provide a positive patient experience will inevitably fail. Patients are making no secret of their willingness to abandon their existing providers should their experience fall short. With this in mind, practices are increasingly having to look for ways to satisfy their patients. Could automated payment solutions for...

These days, value-based care is the buzz word in the healthcare industry. However, many providers are struggling to get on board. There are a number of obstacles that are responsible for this reticence to adopt value-based care. Could the options for payment processing healthcare practices are adopting be one of these obstacles? Here, we take a look at the reasons so many providers are still not on board with the latest changes.

At one time, healthcare providers didn’t need to worry if patients were unable to pay. However, times have changed. Patients are now payers, with many of them struggling to cope with their financial responsibilities. Deductibles have grown by more than 30 percent since 2015. This means that almost every practice is looking for a better way to reconcile and process bills. Yet, even the most advanced technology can’t help when patients don’t pay on time or consistently. This means that finding better...