Providers

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Patient Account Financing Implications

By | October 7th, 2016|News, Providers|

With rising deductibles and coinsurance many options have surfaced to allow patients to cover their portion.  This is good news for providers and patients alike.  Providers can often accelerate their cash flow and see increased propensity for patients to pay.  Patients that can’t afford a large lump sum payment now have an option to break [...]

CMS Delays Release of HCAHPS Star Ratings

By | April 29th, 2016|FI, Providers|

Due to backlash from hospitals about the new HCAHPS Star Ratings that were scheduled to release last week, the Centers for Medicare & Medicaid Services (CMS) have decided to delay the release to answer concerns expressed about how the scores are calculated. CMS intends to publish the HCAHPS Star Ratings to be utilized by consumers when comparing hospitals. The star ratings [...]

Largest Health Insurer to Exit Affordable Care Act Insurance Exchanges

By | April 22nd, 2016|News, Providers|

Last week the nation's largest health insurer, UnitedHealth Group, announced that they will be exiting most of the states that they currently offer plans through the Affordable Care Act insurance exchanges in 2017. UnitedHealth Group was slow to enter the insurance exchanges in 2014 and according to CEO Stephen J. Hemsley, the small market size and greater expense [...]

MyLoans at HFMA Annual Conference

By | April 13th, 2016|FI, News, Providers|

The MyLoans team is looking forward to a fun and productive Colorado HFMA 2016 Annual Conference. We look forward to visiting with existing users and making new connections. Follow us at LinkedIn and Twitter.

Patients Want to Pay but Need Options

By | April 8th, 2016|News, Providers|

You have a job, you have health insurance, you have a savings account. If you are sick or injured you're going to go to the doctor or hospital.  But what happens when your income, your insurance and your savings aren't enough? Most hospitals are intimately familiar with this situation; however, Steve Johnson of the Times [...]

Caring for Patients is Not Limited to Medical Care

By | April 5th, 2016|News, Providers|

Medical providers are in the "care" business. While not everyone in the organization is providing medical care for the patients, almost everyone cares about the well-being of the patient - not just medically, but in general. The provider is still a business though, meaning that in order to continue helping patients, they have to receive compensation [...]

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 [...]

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 [...]