RCM tip of the day: Establish a strong strategy for self-pay collections

As healthcare continues to change, providers should ensure they have a well-built self-pay collection strategy in place, according to Shawn Yates, director of healthcare product management at Ontario Systems.

Mr. Yates shared the following tip with Becker's Hospital Review.

"High-deductible health plans and the number of uninsured will grow in 2018, putting more pressure on providers to collect from patients. Developing a solid segmentation strategy that looks for missing insurance, identifies financial assistance/charity and tiers accounts into the appropriate activity group will be key. This will maximize resource activity and provide the best return for providers."

Read more about healthcare collections and patient financial responsibility here.

If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the "RCM tip of the day" series.

 

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