by HBCS | Sep 8, 2020 | Blog
There are few—if any—sectors left untouched by the COVID-19 pandemic. Of all, healthcare has been among the most severely impacted. So many health systems and provider organizations were struggling before the pandemic. Now they face the fallout of a more complex...
by HBCS | Aug 11, 2020 | Blog
More than a third of all hospital revenue comes directly from patients.[1] Yet $7.5 billion in patient payments goes uncollected each year.[2] And this was before COVID-19. Now consider how many of your patients have lost jobs due to the pandemic or have incurred...
by HBCS | Jun 10, 2020 | Blog
Nearly 60% of patients in a typical children’s hospital is covered by Medicaid. Yet Medicaid reimburses only 80% on average and they are denying greater numbers of claims. These factors, along with the increase in patient financial responsibility and growing...
by HBCS | Jun 4, 2020 | Blog
These are unprecedented times for health systems and physician organizations. The financial impact of COVID-19 is likely to linger and has already significantly impacted organizations nationwide. This is especially true for providers who were already struggling to...
by HBCS | Mar 20, 2020 | Blog
Uncompensated care and growing patient financial responsibility are taking a toll on the bottom line of hospitals and providers across the country.[1] According to the American Hospital Association, uncompensated care reached $38.4 billion in 2017, more than doubling...
