In today's society, where health is wealth, medical debt proves to be a double-edged sword. On one hand, people need medical care to stay healthy and productive, but on the other, the cost of that care can lead to financial stress and decreased productivity at work. In fact, nearly 66.5% of all bankruptcies can be tied to medical issues, either from high costs for care or time out of work. As an employer, it's crucial to understand how financial stress affects worker productivity and what you can do to manage it.
How Financial Stress Affects Worker Productivity
August 30, 2023 by
Christopher Wolfington
Tags:
Patient Financial Management,
Medical Debt
5 Money Management Tips
August 2, 2023 by
Christopher Wolfington
Tags:
Medical Articles,
Patient Financial Management,
Medical Debt
Money management is a crucial aspect of today's world as it ensures financial stability and security. It becomes even more essential during challenging financial situations such as medical emergencies or ongoing medical expenses. Medical costs can quickly escalate, causing stress and potentially leading to substantial debt if not properly managed. Effective money management tips can help you navigate these difficult times.
Why Financial Management Is Important
July 6, 2023 by
Christopher Wolfington
Tags:
Patient Financial Management,
Patients,
Provider
Medical financial management is a crucial aspect of the healthcare industry. As medical costs continue to rise, it is becoming increasingly important for both healthcare providers and patients to manage their finances effectively. But why is financial management important for patients and providers?
Why Should the Patient Financial Experience Be a Top Priority?
June 21, 2023 by
Christopher Wolfington
Tags:
Patient Financial Management,
Patients,
Healthcare Consumer Experience
Do you dread the thought of receiving a medical bill in the mail after a visit to the doctor? You're not alone. Many Americans report feeling overwhelmed and anxious when facing unexpected medical expenses. For most people, a visit to the doctor is a necessary expense, but the financial burden shouldn't add to the stress of seeking medical care.
Handling Medical Debt: What Are Your Options?
June 14, 2023 by
Christopher Wolfington
Tags:
Patient Financial Management,
Patients,
Medical Debt
Medical debt can be a heavy burden, and it is unfortunately very common in the United States. Many Americans report difficulties paying their medical bills. This can lead to financial stress and even bankruptcy. Learning how to handle medical debt when you're working on paying your bills or before a costly procedure can improve your financial security in the future.
How to Improve the Financial Experience for Addiction Patients
June 7, 2023 by
Christopher Wolfington
Tags:
Patient Financial Management,
Provider,
Medical Debt
Financial well-being can play a crucial role in addiction recovery. Managing one's finances is an integral part of the recovery process, as it provides a sense of stability and security that helps to prevent relapse. Money problems can arise during active addiction and can continue to be difficult for people in recovery. Not having enough money or not knowing how to manage it can make it harder to stay healthy and away from addiction. Many treatment providers have begun to recognize the importance of improving the financial experience for addiction patients.
How to Read Your Medical Bill
May 31, 2023 by
Christopher Wolfington
Tags:
Medical,
Patient Financial Management,
Patients
Trying to understand an invoice from your doctor or specialist can be frustrating because medical billing is notoriously complicated. Most invoices include a long list of services and fees that may not make sense to the average person. Learning how to read your medical bill and understanding the components of a medical invoice will help you avoid confusion and be better informed about your healthcare expenses.
What Solutions Does FinPay Offer for Patient Financial Management?
May 17, 2023 by
Christopher Wolfington
Tags:
Patient Financial Management,
Patients,
Payment
When you need healthcare, you shouldn't have to worry about how you'll afford it or even how to understand your medical bill. Unfortunately, navigating medical costs can be so overwhelming that many people put off vital treatment. Don't put off healthcare when you need it; FinPay offers financial management solutions that can help you understand your bill, the healthcare cycle, and your options for managing your expenses.
FinDigital Aims to Solve the Affordability Crisis in Healthcare
May 12, 2023 by
Christopher Wolfington
Tags:
Patient Financial Management,
FinPay In The News,
Press Release
FinPay™, a recognized leader in patient engagement and financial management, today announced the launch of the FinDigital® Suite, an advanced payment automation omnichannel platform.
What Is FinPay?
May 3, 2023 by
Christopher Wolfington
Tags:
Patient Financial Management,
Collection,
FinPay Account
Navigating healthcare expenses in the United States has become increasingly complex as access to healthcare and insurance coverage has expanded. Without a comprehensive understanding of the healthcare system, patients often find themselves overwhelmed with their options and uncertain about how to make decisions that are in their best interest. FinPay helps simplify medical expenses through patient education and provider resources. But what is FinPay?