HIMSS 2024 Orlando: Tackling Medical Debt as a New SDoH

Woman using a calculator to pay medical bills

TrustCommerce is looking forward to exhibiting at the HIMSS 2024 Conference and Exhibition, taking place on March 11-14, 2024, at the Orange County Convention Center in Orlando, booth 1781.

HIMSS24 is where healthcare technology companies come together to tackle some of the industry’s biggest challenges. Some of the key topics that will be focused on this year will include the use of Artificial intelligence (AI) in healthcare, streamlining business operations and most importantly how the industry can improve health equity.  

In fact, healthcare providers are increasingly recognizing the importance of health equity and understanding the social determinants of their patients’ health. The concept has even gained the attention of the Office of the National Coordinator of Health IT who created a toolkit on social determinants of health (SDoH) for communities.

Among those factors that define a patient’s health, a new study recently revealed that medical bills are now being considered a new SDoH. The same study also concluded that one-fifth of households in the U.S. are affected by medical debt, including those with good insurance and middle-class incomes.

Today healthcare organizations and providers are in a unique position where they can leverage technology in a way to give everyone a more fair and equitable opportunity to attain better health. Join TrustCommerce at HIMSS 2024 to learn more about how patient payment technology plays a key role.

Here are important ways healthcare providers can use patient payment technology to help ease the financial burden of medical debt on their patients:

  1. Pre-service cost estimates – Healthcare providers can utilize technology to offer patients greater price transparency and the ability to budget for medical costs through pre-service cost estimates. This also benefits providers by enabling them to collect co-pay and out-of-pocket costs at check-in.
  2. Flexible patient payment plans – Providing patients with flexible payment options helps them manage the affordability and uncertainty of medical bills. It can also aid healthcare providers in improving collections and reducing the amount of debt sent to collection agencies.

Comprehensive patient payment technology not only offers convenience to your patients, but also helps alleviate health inequities. To learn more about the impact of the new social determinant of health, unaffordable medical bills, download the free eBook from TrustCommerce, Unaffordable Medical Bills as a Social Determinant of Health.

We would love to continue the conversation at HIMSS 2024 Orlando, as well as chat about how TrustCommerce’s healthcare payment solutions can help ease the weight of medical bills on patients, while offering a streamlined workflow for staff.  

Are you attending HIMSS 2024? Swing by and chat with us at booth 1781! Click here to schedule a meeting with TrustCommerce.

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