The right connection between transparency and patient liability
Hospitals can embrace the broader movement towards price transparency to enhance patient engagement and affordability. One way to do so is to leverage predictive analytics in order to customize affordable and flexible payment options that match an individual’s capacity to pay.
Price transparency alone cannot help patients meet their financial obligations. But providing flexibility in how they pay - whether it be through payment plans, patient financing, intelligent discounting , or more - alongside accurate, upfront estimates has been shown to improve collection rates for hospitals by forging the right connection between the provider and the patient.
Ad Statistics
Times Displayed: 26180
Times Visited: 582 Stay up to date with the latest training to fix, troubleshoot, and maintain your critical care devices. GE HealthCare offers multiple training formats to empower teams and expand knowledge, saving you time and money
About the author: John Talaga us the executive vice president and general manager for healthcare at Flywire.Back to HCB News
