Why Healthcare Facilities Need to Write Off Accounts to Collections Even During Covid
The pandemic brought a financial onslaught to every healthcare organization. Many providers have been hit hard financially, with their revenue cycle landscape significantly changed. Given the job losses during the pandemic, an estimated 3.5 million…
Understanding The Difference Between 1st Party and 3rd Party Patient Collections
As the patient has become the third-largest payer in the country; balance after insurance has skyrocketed. Providers need to rethink their strategies to improve patient collections and save costs as receiving patient payments on time can be…