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Health Care Finance Leaders Look to Cut Costs and Improve Patients’ Financial Experience — Think AI and Venmo

Health Populi

Another way to reduce costs of administration in health care operations is to move from paper to electronic formats — long overdue in the eyes of patients who are increasingly dealing with medical bill paying as payers for out-of-pocket expenses. AI can help here, too.

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Will Trade Data for (Cheaper) Health Care – USC’s View of the Future

Health Populi

As such, American health consumers are wrestling with sticker shock from surgical procedures, surprise medical bills weeks after leaving the hospital, and the cost of prescription drugs — whether six-figure oncology therapies or essential medicines like insulin and EpiPens. Patients are now front-line payors in the U.S.

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Private Equity: Investigation and Enforcement

Med Law Blog

We saw that issue up close last year as the committee considered the role of PE firms in the increase of patients receiving surprise medical bills.” In the article entitled “The Death of Hahnemann Hospital” published in the New Yorker magazine in May 2021.

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The Patient As the Payer: Self-Pay, Bad Debt, and the Erosion of Hospital Finances

Jane Sarashon

So, patients-as-payers and health consumers told AKASA, which is in the business of revenue cycle management, that quality and choice were worth a premium or enhanced charge on their medical bill. Dr. Pearl’s perfect storm of 3 mega forces include, Healthcare inflation, expecting medical costs to grow by double-digits in 2023.

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Design, Empathy and Ethics Come to Healthcare: HXD

Health Populi

Amy wrote an important column in MM&M magazine called “ the Rise of the Health-Tech Ethicist ,” which I highly recommend you read. Julie discussed the Cleveland Clinic’s project on designing a better medical bill, detailing the organization’s design thinking on the inpatient journey and commitment to patient-centered care.

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Hall Render’s Health Provider News – February 25, 2022

Hall Render

Florida bill extending COVID-19 liability protections for health workers on its way to Gov. New report shows Tampa Bay hospitals not following medical bill transparency law. MaineHealth named one of America’s best large employers by Forbes magazine. Citrus Memorial Hospital to change name in March.

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The Pharma Industry Hits Bottom of Consumers’ Industry Rankings, and Healthcare Is Only Marginally Higher on the List

Health Populi

Politicians pointing to drug prices, from President Trump declaring the pharma industry as “murderers” in his TIME magazine interview as “Person of the Year” in 2016, to Elizabeth Warren calling for the federal government to manufacture lower-cost generic drugs as part of her drug pricing plan.