Cyndi Greenglass

Hospitals worried about the increase in financial risk from patient obligation
Posted by Cyndi Greenglass on March 30, 2016 in General Info

As patients are increasingly responsible for more of the financial obligation for their healthcare, hospitals are worried about getting paid.

According to Revenue Cycle Insights, hospitals are increasingly turning to credit checks to determine both an individual’s ability to pay and to mine data on their patients’ population health.

“The new self-pay accounts receivable is rising at an uncontrollable rate, creating an accounts receivable headache,” said Jordan Levitt, partner and cofounder of Payor Logic, a vendor that offers hospitals credit checks on patients. “They owe money, hospitals need a way to assess risk,” Levitt said.

Read more: Revenue Cycle Insights

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