MarketScale March 16, 2023
Patients’ financial responsibility has been increasing over the years, and this trend is stepping-up healthcare costs, with no assurance it’s going to slow down in the future. According to patientengagementhit, patient financial responsibility increased by 11 percent in 2017, a rise from $1,630 in Q4 2016 to $1,813 in Q4 2017, totaling an increase of $187. Many companies have come up with technological payment solutions to help patients and providers handle these funds so other things can be focused on. But with this much dependence on the patient, how can providers ensure the patient’s ability to pay and also effectively communicate with the able patients about their bills?