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Events
- Avaya Patient Payment Recovery Webinar
Thursday, December 11, 2008 1-2pm
Paid Research Reports
- Stakeholder Opinions: Percutaneous Coronary Intervention - Adverse events with drug-eluting stents demand a new safety standard
- Impact of Pharmacogenomics on Public Healthcare Policy
- The Cardiovascular Disorders Market Outlook to 2012
- 2008 Trends to Watch: Pharmaceutical Technology
- Pharmaceutical Pricing and Reimbursement: Strategies for market access across the US, Europe, Japan and other key geographies
- Emerging markets series: Benchmarking key countries Brazil, Russia, India, China and Turkey
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Whitepapers
- The Definitive IP Address Management (IPAM) Intelligence Whitepaper
- HIPAA Security Provisions
- Premerus Issues Study Addressing Medical Misdiagnosis in America 2008
- IT Service Management: Aligning IT and Business Goals for the High-Performance Hospital
- Can a National Healthcare Information Network Work?
- Addressing Regulatory Compliance in Healthcare
Tools for managing the self-pay patient
At this year's show, expect to see a lot of vendors pitching technologies and services designed to help you manage collections for the self-pay patient. It's telling, for example, that Forthright Solutions, a vendor of transaction processing and claims administration services in the dispute resolution market, is pitching a "self-pay recovery system" to HFMA attendees. Another vendor targeting the self-pay sector aggressively is Connance, whose technology mixes the experience of health systems with credit scoring firm Fair Isaac's predictive analytics capability to, among other things, sort out which patients are likely to pay.
Seeing vendors like this make a lot of noise is hardly surprising, given that the self-pay patient is top-of-mind for most providers these days--and that most aren't sure they're ready to deal with patient debt efficiently. That being said, tightening up collections management isn't the only way to get things done. I'm eager to see what vendors are offering by way of web-based payment solutions--an option Tenet recently rolled out for all of its hospitals using NCR Corp.'s Online Bill Pay. This solution--and related ones like bill-payment kiosks--could improve collections substantially just by making it convenient to pay promptly.
Related Stories
- Study: Better records could boost self-pay collections
- HMA sells seven-hospital stake to Novant
- Insurer troubles could mean more bad debt for providers
- MN bill blocks hospitals from using debt info pre-care
- MN governor vetoes medical debt history bill
- Study: Uninsured ranks could be much lower
- Tenet Healthcare offers patients ability to pay bills online
- Helping to qualify the uninsured
- Bond buy-backs could stress hospitals' liquidity, Moody's says
- Physician relationships examined
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