ALISO VIEJO, Calif.--(BUSINESS WIRE)-- Mnet Financial, known for providing patient collection services for Ambulatory Surgical Hospitals, announced the customization of its services to fit the needs of major hospital systems.
With out-of-pocket medical expenses on the rise, many hospital systems are faced with the challenge of collecting larger bills from their patients. According to a study published in the American Journal of Medicine, Medical Bankruptcy in the United States, 2007: Results of a National Study, “Medical bills are the cause of more than 60 percent of all bankruptcy filings in the United States. These unexpected, expensive and often long-term costs can cause serious financial hardships even for the employed and insured.” Many patients don’t understand why their insurance plan doesn’t cover more of the expense. This leaves hospitals with the delicate task of collecting on medical bills without alienating patients or damaging their public image.
“The state of the US economy over the last few years has created unbearable pressure between bill collectors and patients. This pressure has brought forth much-needed changes in the collection process,” says David Hamilton, Mnet Financial’s CEO.
Mnet Financial is leading the trend of offering a more patient friendly collection approach. Unlike traditional collection agencies which often resort to intimidation tactics and bullying to collect from patients, Mnet Financial focuses on helping patients to resolve their medical bills. All of Mnet’s agents are thoroughly trained to work with each patient individually, to show compassion, understand their circumstances (often times better than the patients do themselves) and find payment options that patients may not even know exist.
Because of Mnet’s ability to navigate through the complexities of healthcare coverage and hospital systems, over 500 ambulatory surgical centers and hospitals throughout the United States have switched to Mnet Financial…making them one of the fastest growing collections company in healthcare for the past six years. Mnet is a complete payment solution to self-pay receivables; services include Pay by Phone Voicemail, Self-Pay Contracting, and online access to Print & Mail for both Collection Letter Series and Patient Statements.
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Michael Storch, 866-648-4677
KEYWORDS: United States North America California
INDUSTRY KEYWORDS: Practice Management Health Hospitals Professional Services Insurance General Health