Optimizing Specialty Practice Revenue in the Midst of Changing Payer Models
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.