Are Patients Becoming the New Payers? Analysis by TransUnion Suggests This Might Be the Case and the Implications for Clinical Laboratories Could Be Profound

Healthcare revenue cycle consultant Jonathan Wiik suggests healthcare providers must prepare their organizations for patients who need help paying increasing medical costs When patients cannot pay their bills, all of healthcare—including clinical laboratories and anatomic pathology groups—also struggle. And, according to experts, medical laboratories already complying with federal value-based payment programs and precision medicine directives should expect increased pressure from patients...

Public Hospital in Phoenix Slashes Patient Self-Pay Prices by 50% to Increase Hospital Price Transparency

Maricopa Integrated Health System reports that price transparency pays off by reducing uncompensated care and increasing business Arizona has a new law that requires hospitals, medical laboratories, diagnostic imaging facilities, ambulatory surgery centers, and urgent-care centers to publish the prices they charge self-pay and uninsured patients for the 50 most common inpatient and outpatient services. The law took effect on January 1, 2014. News accounts report that just one hospital took...

Surprise! Hospitals Compensated for Vast Majority of Uninsured Care

February 25, 2009 Providers might blame soaring healthcare costs in part on caring for uninsured patients, but a new study published by the journal Health Affairs suggests this argument may not hold much water. While the number of uninsured Americans has grown, the share of healthcare dollars dedicated to caring for them has remained stable. Only about a quarter of the cost for their care goes uncompensated, and that amount has remained a stable 6% of hospital costs for many years, according...

Informing Uninsured about Health Coverage Removes Big Barrier

As many as one-third of the nation’s uninsured qualify for public health programs and the answer to getting them insured may be as simple as educating these individuals about which health insurance programs are available to them! That should be big news for hospitals, health systems, and clinical laboratories that spend millions of dollars annually on uncompensated care for uninsured individuals each year. About 34% of uninsured individuals qualify for public health programs but are not...
;