BC Advantage - 2016 Issue 5

Modernizing Patient Payment Collection

Collections of patients' outstanding bills, those charges not covered by health insurance plans, are set to challenge medical practices across the country, if they haven't already. Consequently, physicians will need to migrate toward other methods to collect patient payments, including offering online payment portals and accessibility for patients to make a single or series of electronic funds transfer (EFT) payments via ACH.  The Affordable Care Act has compelled many companies to change the healthcare plans they offer to employees in order to reduce their rising costs associated with plan implementation. Consequently, many employers have shifted to high deductible...

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