Overcoming Patient Collections Hurdles as Patient Responsibility Costs Continue to Rise | BillFlash

Patient responsibility costs, including deductibles, copays, and coinsurance, have been steadily rising. High-deductible health plans are becoming more common, resulting in patients being responsible for a greater portion of their medical bills. At the same time, the difficulties of medical billing and insurance claims have made it harder for patients to understand what they owe for healthcare. As a result, many healthcare practices are struggling with collecting patient payments. Unpaid or delayed patient bills can negatively impact practice revenue and cash flow. So, developing effective patient collections is critical for the financial health and sustainability of healthcare practices.

With the right efforts to engage patients and create transparent billing processes, practices can overcome common hurdles to collecting patient payments.

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