Patient as a payer is here - Is your hospital ready to prioritize financial health?

Sponsored by VisitPay

It's no secret patients are facing higher out-of-pocket costs and demanding flexible, user-friendly financing options. Patient financing in healthcare has never been more ripe for consumer-centered innovation.

Powered by VisitPay, several hospital and health systems are challenging the status quo by customizing financial solutions that satisfy patients and safeguard revenue. At the VisitPay Patient Financial Health Summit at Becker's Hospital Review's 9th Annual Meeting, finance and revenue cycle management leaders from Salt Lake City-based Intermountain Healthcare; Boise, Id.-based St. Luke's Health System; JPMorgan Chase & Co.; VisitPay; and R1 discussed how providers no longer have a choice — they must prioritize patient financing.

During the summit, the experts emphasized "patient as a payer" is healthcare's new reality. Putting more resources towards collection calls is not the path forward. Providers need to maximize the consumer payment experience and choose the right team, partners, technology and clients to realize excellent patient financial health.

 

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