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    4 Steps to Improve Self-Pay Collections

    By: InSight HQ on Sep 08, 2016

    We all know the risks associated with self-pay patient accounts. The cost to collect is up to three times higher than on commercial insurance accounts, and the longer a self-pay balance goes unpaid, the lower the probability you will ever collect. The reality is, these problems are here to stay because of rising health care costs and more high-deductible, consumer-driven health care insurance plans. It’s now common for hospitals to see patients with annual deductibles anywhere from $2,000 to $10,000 — quite a burden for many people. You’ve probably heard the statistic that nearly half of Americans couldn’t come up with $400 to pay for an emergency expense without borrowing money or selling something. Unfortunately, some people wouldn’t be able to get the money at all.

    To learn more, read the full blog here

     

    Released: September 8, 2016, 10:04 am
    Keywords: NewsLink



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