Healthcare Partnerships
Hospitals and patients alike are struggling with unpaid medical bills. With out-of-pocket health costs rising, the percentage of unpaid medical bills will likely increase as we head into a new economic reality. According to a recent survey by HFMA (July 2009) of hospital CFO’s, the uninsured and the under insured/self pay patients are anticipated to have the greatest negative effect on hospital revenue; 77% indicated a negative effect from the uninsured patients and 81% from the under insured/self pay patients.
For many people, the struggle with rising health-care costs coupled with credit card and other consumer debt has reached a critical point. Responding to this need, Take Charge America offers hospitals the opportunity to enhance their revenue cycle process by incorporating a comprehensive program that addresses the patient’s overall financial health.
- TCA will contact the patient after the first bill is received
- TCA works with the patient to establish a payment plan that fits the patient’s budget and is within the hospital’s guidelines
- TCA manages the processing of accounts and collection of funds
- TCA remits the principal amount received to the hospital
- No charge to the hospital or patient for financial counseling, assessment and budget creation
- Hospital receives 100% of principal balance collected
- Patient is charged a nominal, flat monthly fee while enrolled in the debt management program
- Positive PR – not a collection agency, but a partner with the hospital to offer a program that considers the patient’s entire financial situation
- Increased recovery of patient debt – our program works and is patient-friendly, resulting in improved patient perception of the hospital and likely greater recovery
- Saves money – billed only on the amount of debt that has been remitted through the program at rates far less than typical collection activities
Shannon McComas
Business Development
(623) 266-6376
smccomas@takechargeamerica.org