Healthcare devices generate a tremendous amount of data. Too much, in the minds of some doctors, who worry the flood of information generated not only by devices in healthcare settings but also by emerging "recreational" health monitors and in-home health tech, can lead to "data overload" that will cause providers to lose the forest for the trees and misdiagnose patients. Healthcare IT professionals also fret about the challenge of storing and analyzing this fire hose-volume stream of data. And for good reason. The so-called "internet of everything" – networked products which in the healthcare field run the gamut from pacemakers to MRI machines – is expected to generate a staggering 507.5 zettabytes (that's 507.5 trillion gigabytes) of data by 2019.
With healthcare cost rising 6-7% a year (since 2014) more and more Americans are facing difficulties paying, yet despite high costs, access to doctors in some areas is limited. Could the recently announced deal for CVS to buy Aetna start solving a few of the industry’s biggest pain points?
The Health 2.0 conference this year featured a panoply of digital health startups that reimagine the future of healthcare. From predicting health outcomes using genomic and environmental determinants, enhancing payments using blockchain technology, to reducing suicide by addressing mental health and loneliness issues, provider adoption remains a common challenge.
~ Authored by Regina Liang & Karolina Chachulska
Three in four adults in the U.S. do not adhere to their drug regimen as prescribed. This could mean not refilling a prescription or taking a smaller or higher dosage than necessary. Medication nonadherence impacts patient treatment and quality of care, and costs the healthcare system $300 billion annually according to PhRMA, the Pharmaceutical Research and Manufacturers of America.
Due to high out-of-pocket expenses, Americans not only delay medical
bill payments but also medical care. However not every demographic
group is affected in the same way - check out the details here:
Consumerism is sweeping the healthcare industry as patients play an increasingly larger role in the decisions affecting their health, and this comes with higher patient expectations.
A patient averages three bill notifications before submitting a payment. These three notifications are typically delivered via paper statements, creating an expensive cost of $2.41 per patient according to SwervePay.
While Medicaid provides healthcare subsidies for low-income households and the rich can afford healthcare, it’s the middle-class who are squeezed by rising healthcare costs.
You dream of a day when your patients will pay their bills on time. Finally, you can work on more pressing items, rather than spending your day tracking down patients for payments on overdue accounts.
That day can be a reality. Once you diagnose the underlying reason why your patients aren’t paying, you can solve this problem. You just need an understanding of what motivates your patients to pay early and how to tap into that.
Here are three tips to get your patients to pay their bills earlier: