Physician groups and networks often have a unique place in the healthcare continuum. Whether independent or affiliated with a hospital or health system, physician practices are often the recipients of “Self Pay” patients who move through your system every day. Government and commercial payors, with new cost sharing measures, have increasingly merged together in recent years.
“Self-Pay” patients are no longer the responsibility of safety net acute care facilities and Federally Qualified Health Centers (FQHCs). Medicaid expansion and the increase of High Deductible Health Plans (HDHPs), have steadily increased the number of patient accounts with balances for both primary and specialty care physicians. Co-pays and deductibles require practices to collect and provide Financial Assistance from both traditional “Self-Pay” patients as well as those with balances after commercial insurance and government reimbursement programs.
FAPolicy.com will work with your practice to leverage existing EMR/EHR systems to efficiently manage your Financial Assitance Program. If you share a high percentage of patients with a local hospital or health system, we seamlessly connect organizations, across disparate platforms, to reduce the time and money spent on administering Charity Care. How much are you spending to write off accounts to bad debt?
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