Healthcare Practices and The Affordable Care Act

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Healthcare practices must contend with many challenges throughout the year, from adopting new technologies to managing health outcomes for any number of patients. Numerous factors can add up to have a dramatic effect on revenue cycle management, creating positive - and negative - changes in providers' bottom lines.
Medical practices are businesses, and funds must be controlled to maintain profitability. According to a survey from TransUnion Healthcare, three-quarters of patients believe that knowing their out-of-pocket costs for treatments would improve their ability to pay for health services.
The poll included more than 700 respondents who were insured healthcare patients. In contrast to the initial 75 percent, the results also showed that 56 percent either rarely or never received a cost estimate before treatment, and 59 percent said they were surprised by the costs they were responsible for.
Inform to collect
One of the biggest revenue cycle challenges providers face is the timely collection of payments. Often, when a large medical bill is issued to a patient, he or she is surpri...

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