It is no secret that trends in rising patient bad debt and the economic impact due to COVID-19 has caused health system revenue cycle leaders much heartburn in 2020. Most importantly, provider revenue has become significantly reduced due to limitations on elective procedures, increased costs due to the pandemic and increased unemployment.
In 2020, revenue cycle leaders and their teams must stay laser-focused on collecting what is rapidly becoming the largest payer and from whom it is the most difficult to collect: the patient.
Sponsored by iVitaFi, Eliciting Insights conducted research with 100 hospital revenue cycle leaders on key patient collections strategies.
Please watch the replay of this webinar to understand the research identifying the most effective patient collection strategies, future trends and opportunities, and what the research showed was a growing collection strategy: patient financing.