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Nextech Blog

The lastest news and information regarding electronic medical records, practice management software, ICD-10 and meaningful use from Nextech.

Lisa Lubrano

Nextech Payments Solution Specialist

Blog Feature

Healthcare Technology | Financial Management

By: Lisa Lubrano
February 23rd, 2021

During the first quarter of the year, many practices struggle with cash flow stagnation caused when deductibles reset and thus the whole burden of payment falls on patients. There is also a current trend of increasing health insurance costs such as higher deductibles, premiums and copays that will shift even more financial burden to patients and is likely to further exacerbate this issue for practices in 2021. This means it is more important than ever for practices to effectively manage their cash flow to ensure they are able to weather any unexpected financial issues that might occur throughout this year.