St. John’s Patient Financial Services Manager Christy Liaw said more than 840 people have used the discount to pay off their debts in December. Ms. Liaw said the hospital hopes to help 1,000 people pay off their bills using the discount by the end of the year.
The hospital is offering the deep discount in hopes of reducing its yearly unpaid debt. About $3 million of the $7 million St. John’s has budgeted for charity care and uncompensated care in 2016 is earmarked for unpaid debt, according to the report.
The offer, which extends through Dec. 31, cannot be applied to bills for cosmetic procedures.
More articles on healthcare finance:
How CHS, Tenet, UHS, LifePoint and HCA fared financially in 2016
UMass Memorial points to Epic implementation for drop in operating income
CHI records $217.8M operating loss: 5 things to know
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
