EasyPay Solutions

Medical Offices Feeling Pain of Weakened Economy

Published in Health Insurance Law Weekly, April 26th, 2009

As the economy continues to weaken, medical offices don't even have immunity to the side effects. The recent $800 billion bailout plan includes money for automating patient records, which may help reduce the cost of delivering healthcare, but nothing to help the doctors' offices get paid by patients.

According to a recent national survey of medical offices conducted by InfoSurv on behalf of EasyPay Solutions, 18 percent of respondents reported that over the last year, patient receivable accounts increased between 10 and 25 percent. Additionally, 28 percent revealed that bad debt expenses, or money not collected from patients, increased between 10 and 25 percent,...

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Source: Health Insurance Law Weekly (2009-04-26)

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