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As healthcare costs continue to rise, patients are taking on more and more of the responsibility for those costs in the form of higher copayment, deductibles, and premiums. In fact, patient responsibility is now the number three payer, behind Medicaid and Medicare, according to a recent TransUnion Healthcare analysis.  The study, which was presented at HIMSS18, revealed that patients' average out-of-pocket medical expenses were $1,813 in 2017 – an ...
As consumers become one of the largest groups of payers in the American healthcare system, choosing the right patient finance vendor becomes crucial for hospitals and other healthcare providers. One of the most important criteria when evaluating vendors is compliance. These finance companies not only need to navigate all the relevant regulations in healthcare, they also need to adhere to to a wide range of consumer financial laws. Here are 5 compliance issues ...