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This statement specifically addresses patients' rights to understand and prepare for their financial obligation at the earliest point possible in the care experience. It does not address the lack of sustainable health insurance for all, which is a grave shortcoming that destabilizes our healthcare system and our economy.
Patients want to know what they will be expected to pay for healthcare services before they incur the costs. Financial discussions that occur after services are delivered deprive patients of the ability to make informed choices about their treatment options.
Patients who may have difficulty paying their medical bills will want access to Medicaid, charity care, or other financial assistance programs. Delaying financial discussions with these patients will reduce their ability to access these programs and will often result in additional billing and collecting costs for charges that providers are unlikely to collect. This is painful for both the patient and the provider alike.
Early, transparent financial communications are the cornerstone of the Patient Friendly Billing project's vision for truly patient-focused financial services. As patients become responsible for a larger portion of their hospital bills, it becomes increasingly important that they understand their expected out-of-pocket costs and resolve how they will handle their medical bills before they incur the costs of services (except in emergency situations, of course). This offers them the opportunity to comparison shop for services, learn about payment alternatives (including financial assistance), and explore other alternatives with their own physicians.
This recommendation is based on patient focus group research conducted for the Patient Friendly Billing project, and experiences related by patient financial service professionals. Professionals who work in hospitals that provide early, transparent financial communications tell us that patients who know what their payment obligations and arrangements are before they have the service are usually significantly less anxious about their healthcare bills.
Pre-service healthcare financial communications can use a variety of methods to try to assess patients' ability to pay their medical bills. These methods range from paper applications to sophisticated on-line credit analysis software. Some consumers and advocates are concerned that such tools will be used to deny services to patients who cannot afford them. At least one state legislature has sought to bar these tools.
HFMA believes that these tools have great potential to benefit consumers. They:
Determining the amount of financial assistance for which a patient is eligible is based largely on information supplied by the patient or someone acting on the patient's behalf.
Unfortunately, for many reasons, patients are frequently unwilling or unable to provide sufficient information for the hospital staff to reliably determine eligibility. These reasons can range from literacy issues to fear of denial to lack of understanding of healthcare payments and sources of assistance that may be available. Many hospitals use data similar to credit reports, Medicaid enrollment information, and other automated tools to reduce the application burden on patients seeking financial assistance. In addition to reducing stress on patients, these tools also help make providers more efficient and reduce their healthcare administration costs.
Based on the Patient Friendly Billing project's research and dialogue over the past eight years, we believe patients' optimal financial experience for non-emergency services should be based on the following steps:
If urgent care needs prevent these steps from being taken before services are delivered, providers complete these steps as soon as appropriate after service.
Under this scenario, the billing and collection process becomes a verification of what the patient already expects. Each patient's personal payments will be related to what they can afford to pay, and providers are more likely to receive sufficient payment from all appropriate payment sources so that they can continue to provide quality healthcare services.
Publication Date: Friday, May 15, 2009
Brian Kueppers, founder and CEO, Apex, discusses the importance of a robust patient payment strategy in boosting organization revenue and enhancing patient satisfaction.
Brian Grazzini, CFO, HealthPort, describes the importance of efficient and compliant information exchange and audit management in helping HIM staff spend less time on paperwork and more on mission-critical projects.
Cindy Matthews, executive vice president, Community Hospital Corporation, discusses how rural and community hospitals can use collaborative partnering to position for success through tough market conditions.
Rick Heise, senior vice president, revenue cycle, at Cerner Corporation, discusses the importance of integrating clinical and financial data to excel in health care’s changing payment environment.
Dale Hockel, senior vice president of operations, and Jim Fanelli, CFO, TriMedx, share strategies for elevating clinical engineering through innovative management programs.
Russ Graney, founder and CEO for Aidin, and John Laursen, head of business development for Aidin, share insights on how to improve care transitions between acute and post-acute care settings and incentivize high-quality patient outcomes.
Scott Elston, strategic accounts manager, GE Healthcare Services, describes how substantial cost reduction in health care requires rethinking business strategy and asset use.
Robert Williams, MD, director, Deloitte Consulting LLP, and Arielle Freiberger, product strategist, ConvergeHEALTH by Deloitte, explain how sophisticated retrospective, real-time, and predictive data analytics can inform decision making to reduce costs and improve care.
Stuart Hanson, director of business development (healthcare solutions) at Citi Retail Services, discusses how improving the payment experience can benefit consumers and healthcare providers.
Scott Schmidt, vice president, Cerner RevWorks, LLC, shares insights on best practices for maximizing a revenue cycle management partnership.
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