Consumers’ share of out-of-pocket medical expenses has increased dramatically over the last 15 years. Out-of-pocket spend reached $365 billion in 2017 alone, representing a 3.6% increase from 2016. At the same time, taking a cue from online retail shopping, today’s medical consumer has come to expect speed, convenience and transparency in their medical purchasing experience.
In this whitepaper, Rectangle Health outlines the human and technology-based solutions that healthcare practices can implement to help families deal with their rising healthcare financial responsibility by understanding that:
Efficient payment methods that help facilitate timely and predictable payments are a win/win for patients and practices alike
Outdated billing practices can hurt your business and your patients