Healthcare DIVE September 30, 2024
For years, healthcare providers have witnessed explosive growth in the number of patients who are self-paying or on high-deductible health plans (HDHP). Even for those who have commercial insurance, the patient share of healthcare financial responsibility is increasing. Since 2012, the average annual deductible for workers who are enrolled in healthcare insurance through their employer has blown up by 61%.1
Self-pay and HDHP patients take longer to pay and pose a higher risk of write-off. This adds to the already significant financial strain on medical practice, emergency medicine and specialist providers. Therefore, it is in the providers’ best interest to search for healthcare insurance coverage as early in the patient encounter as possible to prevent the claim from becoming classified...
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