RevCycle Blog
Holiday Collection Policy Tips from the RevCycle Heroes
The holiday season is a time for giving and receiving. It's also a time when many businesses experience an increase in delinquent payments. This can put a strain on your staff and increase your operating expenses. Reducing delinquent payments during the holiday season...
Medical Debt: An American Struggle
Why do Americans have so much medical debt? There are several reasons why Americans have so much medical debt. One reason is that the cost of healthcare in the United States is very high. According to the Kaiser Family Foundation, the average American family spent...
Dignity & Respect: What they mean & why they matter
Dignity and respect are two important concepts that are often confused with each other. However, there is a subtle but important difference between the two. Dignity is the inherent worth and value of a person. It is something that we all have, regardless of our...
Hospitals Fail to Comply with Price Transparency Rule
The Hospital Price Transparency Rule was enacted in 2021 with the goal of making hospital prices more transparent for patients. The rule requires hospitals to post their standard charges, negotiated rates, and cash prices for 300 common services online in a...
The CFPB’s Concerns with Medical Debt Credit Cards
The cost of healthcare in the United States is a major financial burden for many people. In fact, medical debt is the leading cause of personal bankruptcy in the country. In recent years, there has been a growing trend of medical debt credit cards being offered to...
The Rise of The Ambulatory Surgery Center
What is an ASC? An ambulatory surgery center (ASC) is a healthcare facility that provides same-day, outpatient surgical care. ASCs are typically freestanding facilities, meaning they are not found within a hospital. They are staffed by a team of surgeons, nurses, and...
Healthcare RCM: Here Come the Corporations!
Make no mistake, the healthcare industry is rife for new entries across a wide span of verticals and corporate America has taken note. This is due to the cost burden crushing consumers and employers alike; and is a natural extension of the increased consumerism...
Healthcare Staffing 2022 – Crisis Point
The COVID 19 pandemic has exacerbated the effects of what was already a demanding industry to work, making staffing even more difficult. For example, 60 – 75% of clinicians report symptoms of exhaustion, depression, sleep disorders, and PTSD; while nurses are equally...
Why Your Organization Needs Structured Payment Plans
Healthcare consumerism and patient responsibility have seen a coinciding rise over the last decade plus. The COVID-19 pandemic served to exacerbate the difficulties many patients face with their out-of-pocket balances. The following excerpt is from a recent Forbes...
Reg F: Analysis & CFPB Commentary by General Counsel
Regulation F and the CFPB commentary are over 900 pages of regulatory changes to everyday operational matters faced by the debt collection industry. Our team has spent months reviewing Regulation F for the purposes of implementing adjustments to our processes (you can...
