Medical Articles & News

Coronavirus and surprise medical bills: It’s time for healthcare providers to communicate with patients about unexpected medical expenses

March 13, 2020 by Christopher Wolfington
Tags: Medical Articles, Our Blog, Payment, Provider

Since December of 2019, when the Chinese government reported the first cases of a novel coronavirus in the Hubei Province of China, COVID-19 has escalated into a global pandemic. While most people who contract this virus do not experience severe symptoms, and more than half of the infected population has already recovered, the virus still represents a serious public health concern. Moreover, as the world determines how best to prevent, contain, and manage the pandemic, there are separate political and socioeconomic consequences that must be considered.

Given our active interest in the intersections of health and socioeconomics, we’d like to examine the financial impact of the coronavirus on patients in the United States. We’ll walk through the latest updates, including those from President Trump’s March 12th address to the nation, and discuss the hurdles that US citizens may encounter as they work to prevent, test for, and treat COVID-19.

Ultimately, we argue that this unfortunate pandemic illuminates the importance of transparent pre-care patient engagement. When patients are aware of their treatment options they can avoid surprise medical billing for lifesaving care.

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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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Hahnemann Hospital Closing - The bankruptcy of Hahnemann Hospital Puts Thousands of Philadelphia’s Poorest at Risk.

August 2, 2019 by Christopher Wolfington
Tags: Patient Financial Management, Provider, Health

It is a tragedy when an important healthcare facility serving a needy community has to shut its doors and place the lives of those it serves at risk. Unfortunately, continuing financial losses are forcing the closure of Hahnemann University Hospital, one of the nation’s most historic medical facilities. Hahnemann Hospital, which primarily serves some of the poorest residents of Philadelphia, might have avoided this unhappy outcome if it had implemented a patient financial management program that optimized pre-care patient intervention to strengthen revenue.

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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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