It’s certainly a reasonable question. You’re looking to integrate a payments solution in your software so a comparison of integrated payment providers makes complete sense.

Whether the revenue is due from payers or patients, the end result is the same. Delays, denials and delinquent accounts are all hitting the provider’s bottom line – hard.

Mastercard was to begin requiring the TIC code from the transaction authorization to be captured and included in the settlement process as of April of this year but has since backed-off the date as many were not prepared for compliance.

As CFOs, we always want more data to forecast financial outputs, but according to a recent article, CFOs don’t really need more data. The data is there. It just needs to be accumulated, organized and analyzed more efficiently to better serve the organization.

It’s a pretty easy concept that takes on a pretty complex issue for most hospitals – collecting patient payments. The complexity of the issue is partially due to the rapid pace at which patient balances after insurance (PBAI) are rising.

A common mistake among providers is they continue to operate as if the process of getting paid begins with dropping a patient bill in the mail.