HealthLeaders Media features InstaMed’s Ninth Annual Trends in Healthcare Payments Report.
Read the full article, 77% Of Providers say Collecting Any Payment Takes More Than a Month, in HealthLeaders Media. Below is an excerpt from the article.
Paper and confusion still dominate the revenue cycle. That’s a key finding from the Trends in Healthcare Payments Ninth Annual Report: 2018 from InstaMed, which includes quantitative data from more than $396 billion in healthcare payments processed on the InstaMed platform, along with survey data from consumers, providers, and payers.
Payment lags and an increase in consumer responsibility are combining to make it harder for hospitals to collect payment. The report shows that 77% of providers say that it takes more than a month to collect any payment.