A new survey by GoBankingRates.com found that 43 percent of Americans anticipate they’ll have to pay more for health care this year. Based on the trend of rising health care costs, this expectation isn’t at all incorrect.
The study explained that this steady rise can be attributed to the expense of health insurance. Compounded by the state of American wages, these higher prices will only continue to constrain budgets.
This issue also creates hurdles for providers that need adequate compensation to continue caring for patients. This is why it’s important to acknowledge the burden of cost on patients but also have an efficient revenue cycle that can recover outstanding debt and reduce days in accounts receivable.
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