by HBCS | Nov 20, 2024 | Blog
One of the biggest concerns among healthcare providers is plummeting patient collection rates. A recent report shows that 48% of revenue cycle leaders say it’s the biggest issue they’re facing. Patient collections has become even more worrisome than denials management...
by HBCS | Oct 25, 2024 | Blog
Now that patients are responsible for more of their healthcare bills, their financial experience plays an increasing role in patient satisfaction. In many cases, a poor financial experience can completely negate a positive care experience. It can also impact account...
by HBCS | Oct 15, 2024 | Blog
Patient payments now make up a larger portion of a provider’s revenue and medical debt is making it more difficult to collect. According to an annual survey by Debt.com, 66% of adults in the U.S. have medical debt, representing a 46% increase in the past five years,...
by HBCS | Oct 4, 2024 | Blog
Providers regularly look to outside revenue cycle partners to help manage and improve revenue cycle operations. This is for good reason, as revenue cycle processes have become increasingly complex due to “stringent regulations, financial pressures, & staff...
by HBCS | Sep 25, 2024 | Blog
Patient satisfaction is not just a goal, but a critical component of a healthcare organization’s success. Financial transparency is vital to patient satisfaction in today’s healthcare environment, where margins are tight, and patients shoulder a greater...
by HBCS | May 9, 2024 | Blog
Great partnerships are built on trust, transparency, and shared goals. These three attributes are essential for hospitals and health systems to achieve a positive return from their outsourcing partnerships. In times of sluggish margins, higher operating costs,...
