Medical Articles & News

Understanding the Difference Between Patient Financial Management and Revenue Cycle Management

December 31, 2019 by Lauren Anderson (COO)
Tags: Our Blog, Patient Financial Management, Patients, Payment, Provider, Collection

Every healthcare executive is familiar with the term revenue cycle management (RCM), but surprisingly few know what patient financial management (PFM) is. That is truly unfortunate because patient financial management is a system of revenue planning grounded in transparency and preparation that has been proven to convert nearly all unrecoverable patient financial responsibility. PFM companies like FinPay have demonstrated time and time again that their innovative pre-care patient engagement strategies work. 

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In the New Year Deductibles Reset, How Will You Prepare to Operate at a Loss?

December 30, 2019 by Lauren Anderson (COO)
Tags: Our Blog, Patient Financial Management, Article

It is almost 2020, which means a new cycle of patient delinquency for most health care organizations. As the calendar resets, so too do the health plans of most U.S. households, leaving them with an enormous financial responsibility—their annual health plan deductible. For many families, this deductible makes medical care financially unviable and forces them to delay or completely forego making payments to providers or seeking care at all.

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Obstacles to Healthcare Innovation

July 30, 2019 by John Ziegler
Tags: Medical Articles, News, Our Blog, Patients, Provider, FinPay In The News

By John Ziegler (CFO)

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The Healthcare Priorities of Millennials

April 30, 2019 by Christopher Wolfington
Tags: Medical Articles, News, Our Blog, Patients, Provider, FinPay In The News

As the influence and presence of millennials grows throughout society in the United States, so does the importance of the healthcare industry taking notice of their unique preferences.

The majority of millennials believe that the healthcare system is inherently flawed, and their consistent and agreed upon dissatisfaction with the healthcare industry has been a key concern for industry players looking to protect and ensure their long-term sustainability, as well as the future health of Americans.

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How ‘Medicare For All’ Would Change The Healthcare Industry

April 30, 2019 by Christopher Wolfington
Tags: Medical Articles, News, Our Blog, Patients, Provider, FinPay In The News

By Christopher Wolfington

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Healthcare’s Performance on Wall Street: Why Stocks Are Dropping

April 30, 2019 by Christopher Wolfington
Tags: Medical Articles, News, Our Blog, Patients, Provider, FinPay In The News

By Christopher Wolfington

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Take Charge of Your Health Care Payment Accountability

April 17, 2019 by Christopher Wolfington
Tags: Medical Articles, News, Our Blog, Patients, Provider, FinPay In The News

By Christopher Wolfington

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How Your Credit Score Affects Your Health Insurance Rates

April 11, 2019 by John Ziegler
Tags: Medical Articles, News, Our Blog, Patients, Provider

By John Ziegler

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How Hospitals Can Use Automation to Increase Productivity Without Compromising Care

April 4, 2019 by John Ziegler
Tags: Medical Articles, News, Our Blog, Patients, Provider, Uncategorized, FinPay In The News

By John Ziegler,

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10 Most Promising Healthcare Tech Startups-2019

April 2, 2019 by Christopher Wolfington
Tags: Medical Articles, News, Our Blog, Patients, Provider, Uncategorized, FinPay In The News

The healthcare tech industry is riding on the wave of digital transformation courtesy the increase in the use of technology in the healthcare spectrum. The advantages that technology has provided to healthcare are manifold. Technology infiltration has revolutionized the way patients are getting treated but also transformed everything from the diagnosis of a disease to care delivery and even follow-ups. Therefore, it comes as no surprise that there are a number of new companies developing new products or services which would help healthcare services provide better and more efficient care to their patients. For this, these startups look to leverage the advancements in technology to proactively improve healthcare while also improving the people’s standard of living.

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