When was the last time your hospital evaluated its patient payment strategy? Now may be the time for a refresh.
Fewer than four in 10 Americans could pay an unexpected $1,000 bill from their savings, a recent Bankrate survey shows. Nearly one in five would use a credit card to pay for the expense, incurring interest charges. About one in 10 would turn to a family member to borrow the funds.
But the need to hit "refresh" on payment strategies isn't just a smart move in the current economic environment, when unemployment remains elevated. At Avadyne Health, we're also seeing trends that point to a strong desire for more modern approaches to payment: