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Speaking at the HIMSS Revenue Cycle Summit in Chicago, Florida Hospital Sr. VP of Finance Jeff Hurst describes success with ClearBalance® for patient payment resolution.
Use the ClearBalance® Financial Impact Estimator to quickly assess your organization's strengths, areas for improvement and ability to address higher patient pay obligations.
The disruptive force of high deductible health plans is one health systems must address. The payment mix is shifting as patients assume a greater financial burden for their care. Left unchecked, health systems will experience a widening gap between revenue and operating income, and see collection costs increase as balances shift from payers to patients. Download our Patient Pay white paper to learn more.
Effectively Manage Patient PayIf patient pay grows at the expected annual rate of 20%, in five years a health system’s bad debt could easily double, causing operating margins to plummet. Take charge by deploying a consumer-friendly patient loan program that will enable your staff to:
- Effectively and efficiently collect what you’re owed – increasing net recovery
- Accelerate cash flow
- Create a patient experience that increases consumer satisfaction and loyalty
Five Minutes to Show you Five Years
With 20+ years of data and experience ClearBalance can show you how industry changes will impact your health system and what preventive steps you can take.Use our Financial Impact Estimator to learn more.