Healthcare Finance News today reported that, Midland Memorial Hospital in Midland, Texas, recently began offering CarePayment, an innovative patient loyalty and payment program based out of San Francisco, to help its patients cover out-of-pocket medical expenses by letting them pay back bills over a period of time.
Interesting story how one hospital is working to get more cash in the door with a payment program. I believe this continues to show how the patient and the provider are going to be tied closer and closer with their care and payments.
I remember hearing a stat on a CNN report on healthcare that something like 5% of the population makes up 50% percent of the costs in healthcare.
Good reads.
Healthcare Finance News and CNN links
http://www.healthcarefinancenews.com/news/texas-hospital-introduces-patient-payment-program
Jay M. Tolchinsky, Executive Director Marketing
If government wants to refrom health care fine but they should be doing it withing the scope of their authority. They are a legislative body not an auto company or a health care provider. They may regulate those industries, in order to ensure they use (at least semi) fair and decent practices, but it is not their job to enter or compete in those industries. There are numerous ways health care can be refromed without having a government-sponsored health care plan, be it at the state or federal level. If they don’t like the way insurance companies are doing business, let’s get some propositions in order and let the American people vote and decide if those propositions should pass or not.