Components of the access suite include patient eligibility and registration verification applications and point-of-service pricing strategies for patients.
An August survey from TransUnion Healthcare found that roughly 70 percent of hospitals and health systems collect less than 30 percent of their payments at the point of service.
Related Articles on the Hospital Revenue Cycle:
Money Matters: How the Hospital Revenue Cycle Impacts Patient Satisfaction
Survey: 21% of Patients Fully Satisfied With Hospital Billing Process
The Healthcare Tsunami: How to Fund Future Initiatives Through the Revenue Cycle
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