News
While providers around the country are investing heavily in financial counseling, a large number of patients meriting financial assistance still fall through the cracks. Those being missed are declared bad-debt and sent to collections. Clearly, this is not ideal.
Patient bad debt is becoming a serious threat to profitability at healthcare organizations nationwide, representing an estimated $65 billion in uncollected revenues in 2010. And, while self-pay patients do account for some of this debt, insured patients who neglect to pay balances after the payer pays its portion represent the fastest growing segment of individuals with outstanding medical bills.
Back in March, on the day he signed the healthcare overhaul into law, President Obama conceded that the administration still had a lot of educating to do.
David G. Daniel, Chief executive officer, Lakeland Surgical & Diagnostic Center, Lakeland Fla.
The Integrated Healthcare Association, which promotes quality improvement, accountability and affordability of healthcare in California, has named its top 45 performing physician organizations for 2009, based on the IHA’s statewide Pay for Performance program measures.
Healthcare organizations are using locum tenens physicians when they need to maintain services/revenue while permanent candidates are sought, according to a recent National Association of Community Health Centers Web seminar.
Peter Christensen Health Center, part of the Lac du Flambeau Reservation in north-central Wisconsin, has seen a 35 percent jump in revenue over five years, thanks in part to its EHR and billing system.
The Dinwiddie Nursing & Rehabilitation Center recently became the first healthcare facility in Virginia to embrace clean energy technology with the addition of a solar energy system.
One in three healthcare practices expects to increase IT spending by more than 5 percent over the next year, according to CompTIA. Purchases will range from core IT products to mobile devices and consumer electronics.
The Medagate Corporation, a provider of healthcare benefit services, has announced a partnership with pre-paid card and transaction processing company InComm to launch the OTCNetwork, a national over-the-counter benefits disbursement and redemption network for Medicare Advantage plan members.