Medical Economics March 12, 2025
Creative financing gets physicians out of the collections business and back into the care business.
Physicians and other health care providers face the double-sided challenge of providing effective care to patients and maintaining business operations. In a typical business setting, a company delivers a service and the customer compensates them. It’s a straightforward transaction. However, unlike other businesses, health care professionals are perhaps alone when it comes to when, how much and whether they get paid. Between insurance companies, adjudicators and ultimately the patients themselves, collecting for health care services is a convoluted process leaving much of the onus on providers.
According to the American Hospital Association, hospitals of all types have provided about $745 billion in uncompensated patient care...
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