Tyler Crawford, CEO of BHG Patient Lending, a patient financing partner for hospitals and ambulatory surgery centers, shared his insights on ASC revenue cycle trends with Becker's ASC Review.
"We expect revenue cycles to become an even bigger conversation through the rest of 2019. Patients today are struggling financially to pay for medical care or forgoing treatment altogether because they can’t afford it, while healthcare facilities aren’t getting paid for the care they provide — and this isn’t going to change anytime soon.
ASCs are looking to offer alternative payment options so they can continue providing treatment to their patients, but in a more affordable way. In doing so, they can lower patient cancellation rates and provide a better experience, all while helping their bottom line by increasing collection rates and revenue for their centers."