Healthcare Price Transparency and Patient Payment Convenience on Full Display at 2018 IL MGMA
Health iPASS is attending the 2018 IL MGMA conference this week (July 12th and 13th) in Naperville, IL where we hope to connect with medical practices and discuss strategies they can implement to better optimize their patient revenue cycle. This year's conference theme is: "Teeing Up Your Practice for a Hole in One" and features pre-scheduled educational sessions covering topics such as:
- Patient and internal communications
- Business analytics
- Social media
- Physician burnout
- Preventing and managing sexual harassment in the workplace
I will be on hand in the Exhibit Hall to meet and discuss strategies to better optimize the patient revenue cycle for medical practices that are seeing patient payments rise as an overall percentage of total reimbursement. Health iPASS has already partnered with many medical practices across the country to help promote price transparency, build patient loyalty/trust, and increase operating income through an intuitive and patient friendly iPad kiosk solution that is redefining their patient revenue cycle from appointment to payment.
The rising tide of patient as a payer and its direct impact on the ability to collect money owed for services rendered is particularly acute for medical practices that rely more heavily on commercial insurance for income. Patients have much more "skin in the game" compared to 5 - 10 years ago and are now more directly responsible for paying a larger portion towards the cost of their care. Couple this with the surge in demand for greater price transparency and a push to demystify healthcare pricing and it becomes a recipe for implementing a solution such as Health iPASS which was built to help practices better optimize their revenue cycle to meet the surge in patient payments.
I encourage you to stop over and see me in the vendor area at the 2018 IL MGMA conference to see a demo of Health iPASS and chat about how we have been assisting other medical practices to achieve 90 - 95% patient net collection rates and slashing denials by over 50%.
Not interested in discussing your revenue cycle? Stop by anyway and see me to say hello and drop your business card off for a chance to win an Amazon Alexa! I'd love to meet you!