WHITE PAPER: Patient Payments Now Required
Rising healthcare costs-coupled with multiple programs to better control reimbursements-have dramatically transformed the insurance landscape. With the increasingly large shift of costs to patients through higher deductibles, copays and coinsurance, this is resulting in higher out-of-pocket expenses for patients.
It is essential for HME/DME businesses to place greater emphasis on patient-pay collections because they account for a much greater portion of the bottom line. This whitepaper outlines four simple steps to help you collect the all-important out-of-pocket expenses for your HME/DME services. This easy to follow guide will help you:
- Understand the changing insurance landscape and what that means for you
- Evaluate key steps to ensure that you aren’t leaving money on the table
- Understand the increasing value of patient collections
- Learn how to encourage your staff with proactive collection processes
Understanding these essential steps will help you maximize your collections and improve your bottom line! Start a conversation with your Mediware HME/DME specialist to find out how you can streamline your revenue management processes with software that was designed for this ever-changing industry!