Here are five articles published by Becker's Hospital Review offering insight on revenue cycle trends, investing in automation tools and more.
1. 5 things to know about out-of-pocket spending trends
Consumers' out-of-pocket spending rose slightly each year from 2012 to 2016, but it didn't outpace the growth in total healthcare spending seen during the same period, according to a recent Health Care Cost Institute report.
2. RCM tip of the day: Provide patients with accurate charges
Hospitals seeking to reduce claim denials should focus on patient satisfaction, according to Sarah Bird, vice president of service solutions at nThrive.
3. ACA associated with decreased out-of-pocket medical expenses, but greater premium costs for many
Many Americans saw decreased out-of-pocket medical expenses after implementation of the ACA, but not necessarily reduced premiums, according to a study published in JAMA Internal Medicine.
4. 6 recent RCM tips
Here are six revenue cycle management tips from industry experts, published by Becker's Hospital Review so far in 2018.
5. Only 39% of American households can cover a $1k ER visit with savings
While more than one-third of American households have experienced a major unexpected expense over the last year, such as a $1,000 emergency room visit or car repair, most are unable to cover the cost without borrowing, according to Bankrate's latest Financial Security Index survey.
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