While last year had many challenges, it also catapulted the evolution of healthcare payments. From dramatic reduction in revenue to risks associated with COVID-19, the industry dealt with unprecedented obstacles that forced it to adapt. With non-emergent patient visits virtually eliminated or downgraded to virtual reimbursement rates, healthcare providers need to find a more seamless way to get paid. That’s where electronic payments come in. While the shift to electronic began 10 years ago, the pandemic has greatly increased the speed of this transition.
$450B in paper check payments still exists today across providers.– Bain & Company
There’s a huge opportunity to make the transition to e-payments to speed up reimbursement and to reduce time cashing checks.
With an everchanging healthcare payments landscape, we want you to be as prepared as possible with the right solutions at your disposal. We’ll break down the complex issues facing your organization today and provide ideas that will help you achieve your goals.
Today a typical health system sits between 80-95% of commercial electronic payments.– Bain & Company
This guide will help you drive savings and increase efficiency by outlining an achievable 4-step process to optimize your payments process.