RevCycle

NOVEMBER 15, 2023

According to the Kaiser Family Foundation, the average American family spent $28,166 on healthcare in 2020. In 2020, the average deductible for a single person with employer-sponsored health insurance was $1,463, and the average deductible for a family was $4,595. In 2020, medical debt was a factor in 58% of all bankruptcies.

Revenue Cycle 80

Revenue Cycle Collections Billing Financial Services 80

RevCycle

APRIL 5, 2021

As early as March 2020, hospital revenue streams began taking a huge hit due to the cancellation of elective procedures, which along with increased costs had a significantly negative impact on the industry’s credit outlook. Revenue cycle optimization – 78%. Optimized collections to increase your bottom line.

Revenue Cycle 52

Revenue Cycle Collections Budgeting Accounting 52

SSI Healthcare Rev Cycle Solutions

APRIL 7, 2023

The hospital system decided to move forward with the new strategy and worked with SSI in the fall of 2020 to implement Access Director’s full suite of patient access functionality. Additionally, SSI Eligibility helps providers follow best practices of checking eligibility early and often throughout the revenue cycle.

Revenue Cycle 52

Revenue Cycle Revenue Cycle Management Billing Collections 52

RevCycle

MAY 31, 2022

18.7% – 2020 RN turnover rate up from 15.9% 75% have experienced adverse revenue cycle impacts during the pandemic. 75% have experienced adverse revenue cycle impacts during the pandemic. 2 million – projected shortage of support staff by 2026. 92% are struggling to attract & retain support staff.

Revenue Cycle 52

Revenue Cycle Customer Service Collections 52

RevCycle

JULY 6, 2021

In May, a post put up by paymentsjournal.com highlighted that in 2020, “ patients with commercial insurance would be responsible for 20-35% of the cost of the healthcare they received ”. If providers do not look to accommodate their patients with payment plans, they run the risk of patients winding up in collections by default.

Revenue Cycle 52

Revenue Cycle Collections Billing Accounting 52