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6 strategies to improve bad debt management in medical billing 

Health Prime

In the complex world of medical billing, dealing with bad debt is an inevitable challenge that healthcare providers often face. Unpaid bills, denied claims, and delayed payments can significantly impact the financial health of a medical practice. Strategies to improve bad debt management in medical billing 1.

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Only in America: Medical Debt Hits High Income and Insured People, KHN and NPR Report

Health Populi

When high-deductible health plans became part of health insurance design in America, they were lauded as giving patients “more skin in the game” of health care payments. “Instead, they’ve faced thousands of dollars in bills as health insurers shifted costs onto patients through higher deductibles.”

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Food Insecurity, Energy Prices, and Medical Debt Spike in February 2022

Health Populi

household budgets in February 2022, highlighted in a poll from Morning Consult : inflationary spikes for housing, food, and energy, and the COVID-19 Omicron variant forcing health care costs up for some consumers driving medical debt up. in January 2022. in January 2022. There’s a trifecta cost challenge hitting U.S.

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Thinking Value-Based Health Care at HLTH 2022 – A Call-to-Action

Health Populi

The cost of health insurance for a worker who buys into a health plan at work in 2022 reached $22,463 for their family. The average monthly mortgage payment was $1,759 in mid-2022. The post Thinking Value-Based Health Care at HLTH 2022 – A Call-to-Action appeared first on HealthPopuli.com. Think value-based care.

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The Social Determinants of Prescription Drugs – A View From CoverMyMeds

Health Populi

These include self-rationing prescription drug fills or refills due to cost, putting off a doctor’s visit, relying more on credit cards than cash, and postponing paying bills, among many other choices between paying for meds or daily living expenses.

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The Patient as Consumer and Payer – A Focus on Financial Stress and Wellbeing

Health Populi

Add on top of these significant stressors the need to deal with medical bills, which is another source of stress for millions of patients in America. told the Gallup Poll in April 2022 that their financial situation has eroded in the past year, up to 1 in 2 people which is a statistic we haven’t seen since the Great Recession of 2008.

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Healthcare Bills, Affordability, and Self-Rationing Care Will Continue to Challenge U.S. Health Consumers in 2024

Health Populi

consumers say they can’t afford to pay their medical bills on-time, based on the 2023 Consumer Survey from Access One, a financial services company focused on healthcare payments. Furthermore, one-third of consumers are not confident they could pay a medical bill of $500 or more. Two-thirds of U.S.

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