With deductibles resetting and premiums rising, do you have a strategy in place to maintain strong patient collections?
- Most patient deductibles reset on Jan. 1, increasing patients’ out-of-pocket costs.
- Employee health insurance premiums are projected to rise an average of 6%.
- Higher patient responsibility is making it more difficult for HASC members to collect payments.
- Financial pressures on both patients and providers are expected to intensify in the new year.
As financial challenges escalate for both patients and providers, AblePay, a HASC Endorsed Business Partner, offers a next-generation patient financial engagement solution designed to ease these pressures. AblePay delivers payment within 14 business days with no recourse, while assuming 100% of the financial risk for its members.
Patients and families benefit from savings of up to 13% or the option to extend payments over time with savings or 0% interest — without credit checks, denials or propensity-to-pay scores. AblePay integrates seamlessly with your existing processes and allows you to keep your current vendors, supporting operational efficiency and staff productivity.
The result is improved patient collection performance, stronger patient satisfaction and increased patient revenue at a time when it’s needed most.
HASC members are encouraged to connect with AblePay now to prepare for the financial pressures of the new year. Contact Ryan Werling, senior vice president, business development, at [email protected] or (703) 622-1826.