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3 Ways Tech Can Help Hospitals Collect
The way Americans pay for healthcare services is changing—and as a result healthcare providers will be forced to take on new or expanded roles as benefits educators and administrators, financial counselors, creditors, and collectors. The challenges are many, but technology can help healthcare organizations with collections issues.
Another way physicians and hospitals can cut their revenue cycle for in-patients is by charge capture at the point of care. There are technologies that enable the physician to scan the barcode of the patient's wristband and enter charges and have them be billed in 7 seconds. The delay in the charge even getting to the payor is terrible.