From soaring inflation to labor shortages to declining volumes and negative operating margins, providers and medical institutions are today confronted with an unprecedented combination of simultaneous financial and operational challenges.
To overcome these financial and operational barriers, providers are increasingly adopting digital payment and patient engagement tools. These solutions not only improve the experience along the patient journey but also offer benefits to providers, making it easier to offer patients cost estimates and collect payment earlier rather than the traditional post-visit payment workflow.
In the ebook “How Digital Payment Tools Help Providers Overcome Today’s Financial Challenges,” our experts discuss the benefits of several digital payment tools that enable practices to overcome challenges associated with inflation, staffing shortages, and high-deductible health plans, including:
- Automated appointment reminders
- Online pre-service check-ins and cost estimates
- Post-visit payment plans
- Digital wallets