Hospitals bear more than half of the industry’s total bad debt, and the likelihood that patients will pay their bill drops dramatically once they leave the hospital. In an industry plagued with rising costs that are increasingly shifted to patients who are increasingly unwilling or unable to pay, providers must take a proactive approach and collect from patients at all points of service to successfully manage bad debt. That's why RelayHealth offers several solutions that can facilitate successful healthcare revenue cycle management.
Pre-service and point-of-service financial solutions enable staff to conduct complex financial discussions, manage patient expectations, handle pre-service financial clearance activities, and accept payments anywhere in the facility. Eliminate paperwork, accelerate processing, and reduce costs through automated processing.
Health information exchange technology can also help providers improve collection of self-pay and high-deductible bills, and reduce their bad debt and A/R days. Adopting the right technology before reforms are implemented can positively impact your organization’s performance by converting uncollectible charges into revenue and lowering your A/R days, now and in the future.
Using the right side navigation, explore our hospital revenue cycle management solutions and resources, or contact us if you have additional questions. Our hospital revenue cycle management solutions adhere to HIPAA compliance requirements so your facility can begin to maximize revenue while adhering to industry standards.