1. How electronic transactions could save healthcare $8B: 6 areas of opportunity
Although the healthcare industry has already saved tens of billions by making paper-based administrative processes electronic, providers and health plans could still save an estimated $8.1 billion annually through additional conversions from manual to electronic transactions, according to a report from the Council for Affordable Quality Healthcare.
2. Defining value: The case for including financial experience as a measure on hospital surveys
In an era where patient financial responsibility is continuing to grow rapidly as a percentage of overall provider revenue, it is increasingly critical for hospitals to process patient payments both efficiently and effectively.
3. 6 benefits of healthcare payment management
Implementing payment management systems and solutions to post and manage payments more accurately and efficiently can offer the following six benefits to healthcare providers, according to KeyBank.
4. 4 tips for improving patient payments
Streamlining the patient payment process by upgrading insurance verification and collection systems can help medical practices increase accuracy, accelerate reimbursement from insurers and boost cash flow. Here are four tips from PNC Financial Services Group for practices looking to improve the payment process to achieve those benefits.
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