Health Care Entering a State of Constant Change

Posted by Dawn Lunde on Wed, Mar 19, 2014 @ 05:22 PM

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Health care reform and technology are pushing the industry into a cycle of constant change.

Change and health care are nearly synonymous at the moment. From medical records to government legislation, the health care industry has entered what appears to be a constant state of change, according Becker's Hospital review. This continuing adaptation to new trends and laws is placing more pressure than ever on the leaders of hospitals and clinics.

Leadership is forced to view health care in a new way and take advantage of new methodologies and advancements in technology. While legislative health care reform may be the most significant factor driving changes to the industry, many of its indirect effects on patients are creating one of the biggest changes.

Health care is quickly becoming a consumer-driven market, where patients make more decisions about how much they will pay for procedures, which ones they want and where they will go to get them. This has obviously led to a call for greater transparency by patients trying to predict the cost of care and its quality. Patients can view ER wait times, read doctor reviews and get a much clearer idea of their future bill.

Technology Can Help Meet the Demands of New Billing Challenges
More transparency also leads for a desire to settle outstanding accounts in new ways. While patients are rarely eager to pay a bill, they certainly understand it's a necessity. The ability to prepare for this cost ahead of time can actually reduce some of the stress associated with receiving a medical procedure.

Electronic payment solutions can aid patients in this endeavor while also reducing bad debt for hospitals and clinics. As far as preparing for future payments, card on file programs are gaining significant popularity among patients and doctors. Software that provides a card-on-file feature allows doctors to pre-authorize a credit card for a future payment. The card can be used again in the future without reentering the holder's information.

Tags: Patient Payments, Payment Strategies

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Testimonials

  • "We have so much more information available to us with SBP than with our previous service. It's offering our patients more flexibility, and happier patients are much more pleasant for our Billing Office to deal with."

    - Kurt A.
    Revenue Cycle Manager
    National Imaging Center
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    Central Business Office Manager
    Multi-Hospital & Clinic Health System
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    Practice Administrator
    Orthopedic Spine Surgery Group
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    - Beth M.
    VP Revenue Cycle
    Large University Health System
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    - Jen R.
    Finance Manager
    Large Ophthalmology Practice
  • “The nice part about Secure Bill Pay is the breadth of tools available to manage the entire patient pay process. But the best part is the outcomes we’ve seen, including year-over-year double-digit increases in patient pay revenue that are not wholly due to industry or volume changes.”

    "The integration with our PM/EMR software is simply icing on the cake."

    - Steve M.
    Director of Business Services
    Large Integrated Health System
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    Business Office Supervisor
    Inpatient & Outpatient Psychiatric Facility
  • "The system was received with open arms at each clinic. All had a few questions at first, but as you said, it was simple to get comfortable."
    - Sue C.
    Practice Manager
    Large Nephrology Practice
  • "Secure Bill Pay has streamlined our credit card process. It has been beneficial from a processing end to a storage and search of record end. Certainly saves us time!"
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    Business Office Manager
    Dematology Practice
  • "It is easy to talk about a product and service we are totally happy with!"
    - Cheryl M.
    Practice Manager
    Mid-size Ophthalmology Practice
  • "We're impressed. Thank you for not being afraid of any question we may ask and answering it in a straightforward manner. This gives us more confidence."
    - Grant E.
    Revenue Cycle Manager
    Large Dermatology Clinic
  • "Secure Bill Pay  is a much more efficient option for collecting patient payments... It is a forward thinking approach for healthcare revenue. Dynamics have switched where we all need to think and act like a business versus a service."

    - Julie H.
    Director of Business Services
    Large Physician Group

     

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