Three Ways to Reduce Cost and Recover Patient Revenue During a Recession
Health systems have been hard hit by the economic impact of COVID-19. Unfortunately, bad debt will rise for providers as patients prioritize their bills, oftentimes putting medical bills last.
Leading health systems have identified three important initiatives they’ll need to put in place to support financial recovery: manage costs, accelerate revenue recovery, and support patients who need help.
In this webinar, Vince Martino, Chief Product Officer & Co-Founder at VisitPay and Ryne Natzke, Vice President of Strategic Accounts and Healthcare at Sphere discuss:
- How to manage costs by consolidating the patient payment foundation.
- Why it’s important to shift more revenue collection to the front end of the payment experience.
- Ways to drive the adoption of digital self-service technology and payment models.