Pain Points of Financial Clearance

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Right now, there is an ideal opportunity for trusted partners to deliver revenue cycle solutions that work. Rapid revenue cycle changes have brought forth dramatic challenges to healthcare providers. Indeed, by 2019 healthcare providers could see a 50% increase in the amount of revenue requiring a collection from patients. Of that amount, 30% (as much as $200 billion) may need to be written off as uncollectable.

View this video to see how TransUnion Healthcare’s finance expert Jonathan Wiik explains important concepts like financial clearance, exception-based processes and prioritization through superior data analytics.