Hospitals need new strategies for managing uncompensated care risks

A larger share of many hospitals' reimbursement now comes from patients rather than commercial payers. Yet many providers haven't updated their collection practices.

For individuals with employer sponsored health plans, health insurance deductibles accounted for 47 percent of cost-sharing payments in 2014, up from just 24 percent in 2004, according to Kaiser Family Foundation. This rise in deductibles, coupled with the popularity of high-deductible health plans, means hospitals are interfacing more than ever with patients to collect.

Johnathan Wiik and Jason Lerch, principals at TransUnion Healthcare, will discuss how hospitals can address and counter financial risks associated with the rise in patient payments in a webinar July 26.

Webinar registrants will learn about market trends affecting hospitals' financial performance, top strategies to offset bad debt, ways to reorganize a hospital's debt portfolio and best practices related to revenue cycle workflows, tools and solutions.

Click here for more information or to register.

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