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Electronic payments from patients can increase the average speed of collections because they eliminate mail transit and check-processing times. In addition, patients who pay online tend to pay quickly, according to an internal study of payment data including multiple large healthcare...
Apex President Patrick Maurer addressed the challenge of analyzing patient billing performance impacts with Tim Wenner, Director of Revenue Cycle Management at Minnesota-based Allina Health. Read their analysis below and in the April 21st issue of the HIMSS Business Edge newsletter.
To achieve improvements in collection yield and decrease statement costs, apply flexible logic to vary statement elements, such as: