Patients Are the New Payers - MP3 - 4/16
Patients Are the New Payers
Recorded: April 1, 2016
The long-term financial effects of the Affordable Care Act are expected to be far-reaching. As the growth in health exchange enrollees increases, it is projected there will be an increase in residual balances, which could result in increased overall patient accounts receivable. High-deductible plans and patients' increased out of pocket costs are increasing the potential for patient liability and bad debt. Listen to this discussion of the effects of this change on the credit and collections industry.
Pamela Kirchner, President, BCA Financial Services, Inc., Miami, Florida