|
White Paper
|
How Electronic Billing and Payment Systems Can Increase Profits and Patient Satisfaction
Healthcare: A System Ready for Transformation
The U.S. healthcare system is moving towards a consumer-driven model. While many questions remain open about the ultimate direction healthcare reform will take, it is clear that patients will face both increased choices and greater financial responsibility for their care.
|
|
The Challenge
|
Hospitals across the country are retooling systems and processes to embrace the shift to consumer-centric healthcare. Those that do so stand to gain the benefits of greater efficiency, lower costs and increased patient satisfaction.
|
|
The high transaction costs of healthcare.
A major opportunity for reducing healthcare costs is in the area of billing and collection. Approximately 15-20% of the cost of health care goes towards billing and collection, compared to 2% in the retail sector.
|
|
|
|
