NEWS: Hospitals missing out on collection opportunities, study finds
Patient Financial Services Weekly Advisor, April 18, 2008
Healthcare providers don't do enough to collect on many payable bills or to provide government assistance or charity care to patients, according to a study by Telagent Inc.
Telagent's analysis of account balances from 40 providers nationwide found that about half of patient accounts with some capacity to pay for services were written off when they could have been re-billed or outsourced for collections, The Tennessean reports. Telagent works with healthcare companies to improve collections.
To read the full story in The Tennessean, click here.
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