Recession-Proof Your Revenue Cycle


4 ways providers can optimize patient collections and avoid revenue loss

COVID-19 has ripped through healthcare revenue cycles. 


The pandemic itself could cost hospitals $200 billion over a four-month period. 


With postponement of electives hitting the bottom line, people falling off payroll, and provider cashflow taking a hit, the post-pandemic world for healthcare will be challenging. Optimizing patient collections is key to preventing revenue from slipping through the cracks.


In this comprehensive eBook, we provide your recession-ready collections checklist, exploring four ways healthcare providers can increase patient collections and guard against recession:

  • A compassionate billing approach: offering personalized communications and payment options

  • Automated coverage discovery: find missing and forgotten coverage so claims are accurate the first time

  • A collections strategy that includes credit data: offers actionable insights about a patient's propensity to pay

  • Get patients on the right plan and check for charity care ASAP: identify patients who need extra support and connect them with the right financial assistance program

Let’s look at how healthcare providers can optimize patient collections and build a resilient revenue cycle, whatever the future holds.



Sponsored by: