Monthly Archives: March 2016

//March

Patients are Asking for a Better Way to Pay

By | March 24th, 2016|News, Providers|

Source: InstaMed (http://www.instamed.com/wp-content/uploads/Trends-in-Healthcare-Payments-Annual-Report-2014.pdf) I recently read an article titled "10 things to know about healthcare collections and patient financial responsibility." Unsurprisingly, number one on the list addressed the increase in consumer payments to healthcare providers. The article states that the number of consumer payments increased 193 percent from 2011 to 2014. Just a few [...]

Credit Cards to Cover Medical Expenses – Not Worth the Convenience

By | March 17th, 2016|News, Providers|

Source: InstaMed The shift to higher percentages of healthcare providers' revenue being dependent on patient responsibility has resulted in the continual effort to collect payment at time of service. The ability to collect patient payment after the time of service decreases drastically. While providers are searching for ways to improve their patient responsibility collection success, [...]

Congratulations to Intermountain Healthcare on Their Innovative Approach

By | March 8th, 2016|FI, Providers|

Employers are working hard to better manage their health care costs. Medical providers and health systems want to help. Intermountain Healthcare (IHC) – one of the largest health systems in the country – is widely regarded as the most progressive and successful Integrated Delivery Networks among other leading health systems. IHC certainly hasn’t changed this [...]

Garnet Capital Advisors to Banks – Re-Commit to Consumer and Indirect Lending

By | March 4th, 2016|FI, News|

Anyone who works in the financial industry is well aware of the ongoing effects of the 2008 financial crisis. Regulations are continually being created and modified. Not to say that the regulations are not necessary or well-intended but they are changing the way financial institutions do business. Banks and credit unions now have to reconsider the types [...]

I Know It’s the Trend in Hospital Revenue Cycle, But…

By | March 1st, 2016|FI, Providers|

...you've got to be careful just getting a patient's credit card and adding to it every time they have a bill.  In a recent Harris Poll conducted on behalf of the finance website NerdWallet, they found a number of surprising statistics.  The most interesting thing to us is some people don't know how much credit card [...]