In the fast-paced world of healthcare, news around changing patient billing and collection guidelines seem to make headlines every other day. Healthcare providers face increasing pressure to adopt fair and transparent practices that prioritize patient financial well-being while still maintaining enough revenue collection to stay afloat. Staying on top of regulatory trends within the patient billing and collections world plays a crucial role in achieving these goals, ensuring that patient financing strategies align with new and pending guidelines and ethical standards instilled by regulatory bodies.
Take a dive into America’s challenges with healthcare affordability, the latest federal and state legislation addressing deferred and high-interest patient financing solutions, and how providers can adapt their billing and collection approaches to these new regulations for improved financial performance, happy patients and maintained compliance.