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Industry News

Optimizing Specialty Practice Revenue in the Midst of Changing Payer Models

Posted On 10/17/16 5:48 PM by Adonna Blasko

As the popularity of high deductible health plans with low monthly premiums increases, the out-of-pocket maximum for each patient and the cost for each visit also increases. This creates a growing challenge for specialty practices to collect, as there is a 62 percent lower likelihood of payment once the patient leaves the office. The changing payer model creates a need for a patient-centric specialty practice experience to help collect more at the time of each patient visit.

Specialty practices need new ways to lower expenses and optimize their performance. This article details 4 novel ideas to face this dilemma. For the full article on HIT Leaders and News, read more.

Topics Specialty Solutions, Healthcare IT