Healthcare Reform is Coming
The National Coalition on Health Care* reports that current spending trends show that by 2050 the federal government will have to spend $14 trillion to keep Medicare and Medicaid afloat. You don’t have to be a whiz at international economics to realize that amount of spending is impossible to keep up year after year. The common assumption is that the government will have to reduce eligibility and benefits for these programs and more of the financial burden will fall on the patients.
Historically, the patient billing and payment process has been composed of fragmented steps that relied on disjointed solutions. However, with Emdeon Patient Connect, providers can enjoy an integrated and bundled solution that can help save time and money at every step. Our solutions work together to help make every aspect of your billing and payment cycle quicker, easier and more efficient.
What Does this Mean for You?
The trend toward greater patient responsibility makes it increasingly important for providers to seek solutions that can give them specifics about patient benefits, co-pays and ultimately estimating in advance what the financial responsibility will be after the delivery of care. The ability to give patients accurate, up-front financial information will help them plan for what’s coming and help alleviate concerns about overcharging and unfair billing practices. As the market changes, Emdeon is here to provide you with the intelligent and innovative solutions you need to succeed. Here’s what Emdeon Business Services CEO George Lazenby had to say about what we’re doing to stay in-front of these market changes:
“Emdeon has always been a leader in helping providers determine patient benefits at the point of care. Our eligibility solutions lead the market in terms of payer access and utilization. As benefit plans change and more patients select high deductible and consumer-driven health plans, we recognize the financial pressure that will be put on providers. In response to this change in the market, Emdeon has developed a set of next generation tools that will allow providers to more accurately assess a patient’s true benefits, determine their likelihood of payment and deliver an estimate to assist in patient collections at the point of care. Emdeon remains committed to evolving its solutions to address the growing and ever-changing challenges providers face in their revenue cycle.”
As the patients begin to look at healthcare with the concerns of a consumer, Emdeon is ready to empower you with the unmatched solutions and expertise you need to thrive. Contact us today and learn how we can Simplify the Business of Healthcare for you.
To discover more about how we can help, contact us today at 866.558.3581 or contact us online.
*Source of budget projection: National Coalition on Health Care: Impact of Rising Health Care Costs on the Economy.
Is Your Office Ready For Healthcare Consumerism? Be Ready to Adapt and Succeed!
