New HFMA Research Reveals Increase in Hospital Self-Pay Receivables

Posted on: January 17, 2011

Jan. 17, 2011 — The vast majority of hospitals — 97 percent — participating in HFMA’s most recent Healthcare Financial Pulse study reported an increase in self-pay receivables compared with the prior fiscal year. At more than one-third of these hospitals, the increase was 10 percent or greater. The study found that small hospitals were most likely to experience a self-pay increase of this magnitude.

The increase in self-pay receivables is a significant factor in hospital financial performance. Receivables are growing faster than patient revenue at almost one-third of hospitals that participated in the study.

To address these trends, more than seven in 10 respondents are devoting moderate or substantial efforts toward point-of-service collection. Many cite difficulty in estimating the cost of services as the most significant barrier to more extensive point-of-service collections.

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