Millions of adults in the U.S. struggle to bear the weight of soaring health care costs. A June 2022 survey from Gallup showed that nearly 40% of Americans — an estimated 98 million people — had delayed or skipped healthcare treatments, cut back on regular household expenses, or borrowed money in the previous six months due to high costs of medical care.
The year ahead brings economic pressures for healthcare systems, but also fresh opportunities to improve healthcare revenue cycle management and RCM technologies that enhance the patient experience. Here at PayZen, we asked our team to predict the biggest industry trends that will affect providers and patients this year.
Medical debt is a serious problem for patients and healthcare providers. Fortunately, hospitals and health systems can take steps to protect their revenue and help patients afford care. For millions of Americans, medical debt leads to a financial crisis, putting them at risk of poverty or even bankruptcy. For millions more, debt is a source of stress and aggravation. And for hospitals and health systems, unpaid medical bills mean decreased revenue, increased expenses, and the specte...
You’ve done your homework and determined that your healthcare organization needs cash flow acceleration. You see it as the best way to avoid operating margin challenges in shaky markets while ensuring you better serve your patients.
The balance between tending to your cash flow needs and nurturing the patient is a delicate one, but one that can be managed with very intentional steps and the latest in healthcare financial technology. Healthcare providers have faced unique challenges over the past three years, with more than half of U.S. hospitals projected to have negative margins through 2022. There is no...
About 100 million Americans have healthcare debt¹. In the infographic below, discover seven things you should know about how medical debt impacts patients and providers. Then, learn what healthcare providers can do about medical debt in this blog post.
PayZen Chief Risk Officer Chiranjib Gupta explains why data and technology allows patients to focus more on the care they’re receiving rather than how they’re going to pay for it.
With this certification, PayZen maintains its adherence to one of the most stringent, industry-accepted compliance frameworks for service organizations.
More than 90% of Americans have some form of health coverage, according to the Peterson-KFF Health System Tracker. So why does medical debt continue to grow? A recent JAMA analysis shows that the rising cost of healthcare, increased cost sharing, and the millions of people who remain uninsured all play a role. Here are seven ...
PayZen signed a partnership agreement with ServiShare, a subsidiary of the Iowa Hospital Association (IHA), to serve as the preferred patient financing provider.
