HIMSS17 TOOK PLACE IN ORLANDO, FL

Leveraging Technology for Financial Patient Engagement

February 22, 2017 — 10:00AM EST - 10:30AM EST
Orange County Convention Center
Booth 6779 | C&BI
Session ID: 
KC22
Continuing Education Credits: 
CAHIMS
0.50
CPHIMS
0.50
This session is part of a special program called Clinical and Business Intelligence Knowledge Center . Extra fees and registration may be required.

Description

Patient payment and collection practices are highly complex, and with high deductibles, patients have evolved into a primary payer source. On average, healthcare consumers are now responsible for 30% to 35% of their healthcare bill, and collection costs are significantly higher for patients as compared to payer collection. Traditional billing practices are obsolete, require analytics, and now have significant downstream debt risk. It is increasingly important to leverage predictive analytics for patient-centered financial discussions throughout the continuum of the Revenue Cycle. Following this session, attendees will be better positioned to drive patient engagement and create best-practice patient financial encounters.

Learning Objectives: 

  • Summarize market overview of the patient as the new payer and how to pivot
  • Rationalize the short comings of traditional billing and how an envelope in the mail will always fall short
  • Articulate patient payment behaviors and how to shape organization’s strategies for a positive financial outcome
  • Explore how predictive analytics can help accelerate your revenue, reduce bad debt and improve cash flow
  • Discover actionable, easily-deployable best practices and solutions to create positive changes rapidly in your revenue cycle

Speaker(s): 

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