Many hospitals, medical centers, clinics and care facilities have designed financial assistance policies for patients struggling to pay bills. Sherree Geyer suggests that these policies work best when they prioritize a patient’s ability to make payments,
Experts argue that these programs also help reduce the amount of bad debt on the books at medical centers. The more assistance patients receive to meet their responsibilities, the more quickly unpaid bills are cleared from backlogs.
More health care providers are choosing to outsource receivables management, which can free up resources to invest in assistance programs. Contact Professional Medical Services today to learn more about our revenue cycle solutions.