Medical Articles & News

Most Common Issues With Patient Portals and How FinPay Fixes Them

April 8, 2022 by Christopher Wolfington
Tags: Patients

Technology has changed how almost every industry operates, and the change has been rapid and far-reaching. Healthcare is no different. In general, people are resistant to change on both individual and institutional levels. Usually, a law must be implemented and enforced, or a strong incentive offered to get large groups of people to change how they do things.

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What Are The Top Barriers to Affordability in Healthcare?

March 16, 2022 by Christopher Wolfington
Tags: Patients

The American healthcare system is touted as one of the best in the world, able to provide treatments and medications that are not possible in other countries. However, accessing that superlative healthcare is not easy for the average American, as social and economic barriers to healthcare access prevent all but the wealthiest and best insured from enjoying the full spectrum of available services. The behavioral healthcare industry is no exception to this.

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How Much Does Financial Experience Impact Patient Retention?

March 11, 2022 by Christopher Wolfington
Tags: Patient Financial Management, Patients, Payment

Healthcare, including behavioral healthcare, is a highly complex environment for patients and it normally does not deliver a pleasant patient financial experience. Complicated bills, mountains of paperwork, and no one is there to help you navigate the chaos; and then there are the collection calls.

Obviously, Healthcare needs a new playbook when it comes to patient financial management. Unfortunately, in most healthcare companies there is no patient financial management department, or even a Director, manager, or Vice president of Patient Financial Management. In more simple terms, healthcare is broken down into three segments, admission, clinical care, and billing. Each segment has a primary objective, unfortunately being responsible for the patient’s financial experience isn’t one of them. If no one within the healthcare system owns patient financial management from start to finish, the patient financial experience will always be something less than.

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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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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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