Centers for Medicare & Medicaid Services (CMS): Billing & Payments
Billing & payments form an integral part of the modern healthcare system. These are methods used in healthcare organizations to compensate healthcare providers for their services. Billing & payments are made by a biller who collects all patient information (including the patient’s procedure) and generates a bill for the insurance company. Such type of billing is called a claim. Claims contain important patient information like patient demographics, a medical procedure performed, insurance coverage, etc.
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The twelfth edition of the Trends in Healthcare Payments Annual Report published by InstaMed, a J.P. Morgan company reveals that the industry is moving toward digital-first, personalized consumer payment experiences. Changes brought on by the pandemic, increased conversations about social determinants of health and demand for price transparency are driving this shift
The past year shed light on some new and some festering challenges for providers and payers. Providers, who have always struggled with staff shortages and turnover, are trying to manage a nationwide staffing crisis. Payers are navigating changes in their relationships with employer groups while looking for ways to connect with members. These changes affect consumers who tend to direct questions back to providers once again.
What initiatives are providers focused on to deliver personalization to consumers and address unique challenges to their businesses? Watch the webinar to explore the latest healthcare payments trends.
Register for the webinar to hear how Sentara Healthcare coupled an intuitive patient financial engagement solution, known to patients as Sentara Bill Pay, with proven methods to accelerate adoption. Sentara partnered with R1 to roll out Entri VisitPay, which enrolled 66,000 patients, personalized the process for every patient and increased total digital payments by 11% in the first 60 days. All with rave reviews from patients. From Sentara’s experience, learn how your organization can:
Engage patients with an intuitive, personalized payment experience that increases net promoter scores and builds loyalty.
Employ a proven consumer outreach playbook that drives high patient adoption rates.
Accelerate adoption using a single-sign-on experience via the EMR patient portal and auto-enrollment.
Increase patient yield with flexible payment options and personalized payment plans.
Donald Berwick, M.D., and Richard Gilfillan, M.D., published an article in the Health Affairs Blog entitled “Medicare Advantage, Direct Contracting, And The Medicare ‘Money Machine,’ Part 2: Building …
Google is introducing new search features to make finding health information more accessible. The new search features build upon the tech behemoth’s efforts to offer “timely and authoritative” health …
Kareo Patient Collect offers a robust omnichannel payment collection solution that brings more revenue into your practice and at a faster rate of collection. Unlike traditional payment options, Kareo …
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