Bad debt & collection costs are epidemic with high deductible health plans.
See what the data shows that frustrates clinics.
According to America’s Health Insurance Plans, the average balance on patient deductibles is about was $1,449.
With most healthcare costs being under $1,500, the collection activity obviously needs to focus on the patients and their high-deductible out-of-pocket balances.
Your office turns into a collection agency, and that’s frustrating.
Help is at hand with PASSLink point of service Patient collections.
EASY TO USE AND NOTHING TO BUY OR SETUP
The PASSLInk patient payment solution requires no extra hardware or software. It includes a credit card gateway so funds you collect are deposited directly in your bank account and there is nothing to buy or set up.
- Very Eligibility with PassLink
- Review benefits with patients
- Determine patient out of pocket
- Collect on-the-spot
- With Patient signature
- Use any device
18% Of revenue derives from patients with high-deductible health plans.
The percentage of patients with deductibles of $1,400 or more has grown from 18% in 2012 to 29% in 2015 and many patients don’t understand their responsibility.
Because few payers educate patients, the burden of collection falls on practices consuming already scarce resources.
PASSLink takes the burden out of patient collections.
PASSLink integrates a retail payment structure into your practice, eliminating patient confusion and expediting on-the-spot payments
The result: dramatically reduced collection costs, plus patient responsibility is now a direct deposit rather than bad debt.
