How Addressing Uncompensated Care and Keeping Patients Happy Can Save Millions of Dollars

With the shift from quantity to quality, healthcare is undergoing a period of rapid change. High-deductible plans continue to rise and the American Medical Association reported that managing healthcare costs are becoming a challenge for patients. Not only are patients paying more, but they often don’t understand their financial obligation after receiving care which contributes to the bad debt hospitals acquire. In 2012 alone, U.S. hospitals provided $45.9 billion in uncompensated care and in 2014, almost six percent of all providers’ gross revenue was written off as bad debt. To address this rising challenge, healthcare organizations need to establish transparency between health systems and patients.

Last week we hosted a webinar to share how our client, McLeod Health, has addressed the challenges of uncompensated care through the use of data analytics. Kelvin Young, corporate director of patient registration at McLeod Health, and Cole Hooper, associate vice president of product management at MedeAnalytics, discussed McLeod’s journey to value through the use of our Patient Access solution which enabled McLeod to achieve the following:

  • Increase POS collections and overall reimbursement
  • Improve patient satisfaction through clearer collection practices
  • Gain visibility into the complete account lifecycle
  • Enhance efficiency in patient access and the business office 

To get the full details on McLeod Health’s success, download the webinar here or visit our Patient Access solutions page

Posted in

MedeAnalytics

MedeAnalytics is a leader in healthcare analytics, providing innovative solutions that enable measurable impact for healthcare payers and providers. With the most advanced data orchestration in healthcare, payers and providers count on us to deliver actionable insights that improve financial, operational, and clinical outcomes. To date, we’ve helped uncover millions of dollars in savings annually.

Leave a Comment





Get our take on industry trends

Championing transparent technology: Why we’ll always show you behind the scenes

June 19, 2024

Modern, tech-enabled innovations are demonstrating immense potential to transform the way healthcare is planned, delivered and paid for in the…

Read on...

Optimize your revenue cycle for today’s challenges and tomorrow’s goals

May 15, 2024

In this dynamic LinkedIn Live discussion, Christine Stetler, BSN, RN and AVP of Solution Engineering at MedeAnalytics, unearthed strategies for…

Read on...

Enhancing healthcare delivery with explainable AI: A methodological leap forward

April 25, 2024

Healthcare providers and payers continually seek methods to enhance patient care and operational efficiency. With the advent of complex data…

Read on...

Another year, another great HIMSS!

April 5, 2024

HIMSS24 was a fantastic event, as always. One of our favorite additions this year was the Digital Health Technology Theme…

Read on...