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.
Get our take on industry trends
Use SDOH + Analytics to power better outcomes for underserved population
Whether you’re a payer, provider or patient, on the front lines of care, sitting in front of a computer or receiving treatment, you’ve been affected by the pandemic. Of all the groups who participate in healthcare in one way or another, perhaps no single group has suffered more over the last year during the pandemic than the underserved— those people without ready access to needed healthcare services.
Read on...Go beyond recognition: Use data to take meaningful action this Nurses Week
Since 1994, America has observed National Nurses Week annually from May 6-12. This year more than ever before, it’s critical that healthcare organizations go beyond recognition and start taking action to more effectively support and serve nurses.
Read on...The future of digital health part 3: AI, machine learning and robotics
This post is part three of a new series featuring healthcare visionary and thought leader Andy Dé. In this series, Dé discusses how COVID-19 has triggered remarkable digital transformation and uncovers five, long-term innovation implications that providers, healthcare leaders, and payers need to consider.
Read on...The future of digital health part 2: Digital patient engagement and virtual healthcare delivery
Protecting the health, well-being and safety of healthcare practitioners and first responders is paramount — and will accelerate adoption of Digital Patient Engagement (DPE), enabled by Virtual Healthcare Delivery (VHD) solutions (also known as “Hospital at Home.)”
Read on...