There’s been a major shift in the mix of healthcare payers due to the growth in high-deductible health plans and to increases in employee cost-sharing of employer-sponsored plans. As more people accept responsibility for more of their healthcare expenses, hospitals must collect more money from more payers who have more accounts with hospitals and affiliates…. Read more »
Posts Categorized: Healthcare Financial Management
Healthcare CFOs have a lot of things to think about right now. From keeping up with the latest technological trends to maintaining relationships between physicians and hospitals, it is likely your schedule is already full. Therefore, the last thing you need is to worry about patient medical debt. Let’s take a look at what healthcare CFOs should and should not have as their top concerns.
Cash flow is vital to any business, and a relationship with C&E can provide an accelerated, predictable cash flow to give your facility the ability to cover much-needed expenses. From operating costs to expansion projects, there are many demands on liquidity and competition for capital within your organization.
With more patients acquiring health insurance that demands they pay expenses out of pocket, hospitals and healthcare facilities everywhere are feeling the sting of unpaid account receivables. But, fewer than 20 percent of hospitals work to collect their accounts receivables after they have reached “old age.” Instead of letting these accounts sit around, C&E is willing to acquire a healthcare facility’s account receivable debts and turn those hassles into cash.
We speak with lots of healthcare CFOs and revenue cycle executives who constantly deal with multiple competing priority projects. While juggling priorities, a consistent goal is to make sound decisions based on meaningful information. Many priority projects are chock-full of estimates and assumptions. They would hypothetically increase revenue but only after new systems, training, or… Read more »
The American College of Healthcare Executives has released its annual report on the Top Issues Confronting Hospitals. The top five issues based on a survey of 350 organizations within their membership are: Financial Challenges Patient Safety and Quality Governmental Mandates Personnel Shortages Patient Satisfaction Within the financial challenges, the top five areas of concern include:… Read more »
Each medical facility, hospital and practice that we work with has its own unique challenges. While every agency has a different set of complications and history that will affect the approach that will work best for them, there is one consistent theme among C & E Acquisition Group’s clients – positive results. Let’s take a… Read more »
Nationally, more and more self-pay medical billing accounts have fallen in arrears in recent years. Despite the growth of insurance plan access, hospitals and health care providers from coast to coast are facing increasingly high deductibles and patients who remain uninsured under the Affordable Care Act. By some reports, these outstanding accounts represent as much… Read more »