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Will “Buy Now, Pay Later” Financing Help Health Consumers Pay Their Medical Bills?

Health Populi

The latest iteration/offering to help patients pay medical bills is the concept of “Buy Now, Pay Later,” or BNPL. In the meantime, the proliferation of BNPL vendors is growing around the world, some shown in CB Insights’ analysis shown here. For more on health care costs facing U.S.

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Healthcare Bills, Affordability, and Self-Rationing Care Will Continue to Challenge U.S. Health Consumers in 2024

Health Populi

consumers say they can’t afford to pay their medical bills on-time, based on the 2023 Consumer Survey from Access One, a financial services company focused on healthcare payments. Furthermore, one-third of consumers are not confident they could pay a medical bill of $500 or more. Two-thirds of U.S.

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Only in America: Medical Debt Hits High Income and Insured People, KHN and NPR Report

Health Populi

Noam Levey wrote the detailed analysis in KHN. By age group, people 30 t0 49 years of age were more likely to have fallen into medical debt: think Sandwich-generation adults with children and aging parents, seriously financially stretched and stressed. Changing living situations for 19% of those in debt.

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Bonus Features – October 29, 2023 – 66% of patients prefer email or text for reminders about medical bills, 94% of clinicians said lack of timely access to insights within EHR impacts patient care, and 28 more

Healthcare IT Today

A recent Cedar Gate Technologies analysis of its member database indicated 55% of women with commercial insurance are unlikely to get a mammogram even though clinical guidelines suggest they should. When it comes to financial priorities, the main concern for 56% of organizations is getting the most out of existing EHR or ERP systems.

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Moody's: The industrywide implications of UnitedHealth's spat with TeamHealth 

FierceHealthIT

UnitedHealth’s contract battles with two large physician staffing agencies have notable implications for the industry amid the ongoing debate over ways to mitigate surprise medical bills, a new analysis shows.

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Bonus Features – April 2, 2023 – 63% of nurses say AI will cause a generational divide among nursing staff, 67% of consumers prefer electronic medical bills but 78% of providers still use paper, and more

Healthcare IT Today

Imaging research analysis company Yunu launched its Yunuverse platform for collaboration among pharma sponsors, trial sites, clinical research organizations, and providers. Real-world evidence clinical consulting company Atropos Health announced three products : Atropos Evidence Network, Real World Data Score, and Real World Fitness Score.

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

Health Populi

The bottom line in this analysis is that, “the increased number of high0-dedutbiel health plans…has changed the makeup of what it means to have health insurance coverage,” Crowe explains. Only 17% of that amount was collected falling between $7,501 and $10,000, Crowe calculated.

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