Billing and Collections
An individual diabetes patient can expect to pay about $9,600 each year on diabetes medical costs alone.
Inpatient length of stay went up 8.7% year-over-year but ER visits fell 15.5% and operating room minutes declined 12.2%.
Important factors include interactive voice response and email communication from the vendor denoting a patient's responsibility.
The agency is covering monoclonal antibody therapies at no cost for a broad range of providers and suppliers.
Contactless payment is now being used by nearly 80% of consumers worldwide for health and safety reasons.
AccessOne CEO Mark Spinner says as health systems face revenue cycle challenges due to COVID-19, delivering "patient-friendly" payment options is one key to maintaining margins.
When health systems have their staff manage revenue cycles, up to 25% of the day can be spent on repetitive tasks related to the revenue process.
Higher revenues through September were offset by rising expenses of 3.5% year-over-year, according to Kaufman Hall report.
The task force recommends providers engage in conversations about bills long before the post-discharge account resolution process.
In recent weeks several major drugmakers have stopped providing 340B pricing for safety net hospitals.