Over the years, people’s attitudes towards healthcare have evolved. Thanks to technology and changing consumer needs, there are so many new opportunities for hospitals and practices to optimize their processes and explore new ways of improving care.
That said, here are some major challenges facing the healthcare industry today:
1. Invoicing and payment processing
Payment processing is a tedious but essential step in ensuring a practice runs as smoothly as possible. Inconsistencies in your payment procedures will not just cause inconvenience to patients, but also slow down your cash flow
Providing patient-friendly billing statements and payment protocols is critical to increasing the speed of your collections.…Continue reading