Despite the addition of millions of newly insured Americans under the Affordable Care Act (ACA), hospitals continue to struggle with the issue of bad debt created by non-paying patients.
U.S. hospitals spent the equivalent of $42.8 billion in uncompensated care on patients in 2014, accounting for 5.3 percent of all expenses, according to the American Hospital Association.
The proliferation of high-deductible health plans has dramatically altered healthcare providers' collection process, according to a new survey from The Advisory Board Company.
Medicaid expansion under the Affordable Care Act didn't provide non-profit hospitals with the additional revenue they expected, according to a new report from Moody's Investors Service.
One county, two hospital systems, two very different ways of collecting debt. That's the conclusion of USA Today, which examined patient debt lawsuits filed in Greene County, Missouri. It discovered that CoxHealth in Springfield and Mercy Health in Chesterfield--both not-for-profit providers--are worlds apart in aggressively pursuing patient debt.
The Cleveland Clinic reports its charity care expenditures are down significantly, from $101 million last year from $171 million in 2013.
The proliferation of high-deductible health plans has not only caused hardship for patients, but has added a difficult layer of administrative and financial burden for physician practices and ambulatory surgery centers, according to an arti cle from the Pittsburgh Post-Gazette.
Many physicians and medical groups are aggressive in the way they collect debts from their patients, who also struggle with rising out-of-pocket costs, Kaiser Health News reported.
The two-hospital Singing River Health System, which serves the tiny Mississippi communities of Pascagoula and Ocean Springs, has an outsized amount of uncollected patient debt: $88 million.
Many patients newly insured under the Affordable Care Act carry policies with high deductibles, which brings upfront collections and price transparency issues center stage.