5. Consider financial impact in care planning: When appropriate, discuss cost implications of different treatment options, potentially offering more affordable alternatives when medical necessity permits.
Incremental progress toward financial health
While there's no "magic wand" solution to the medical debt crisis, incremental improvements in financial processes can significantly impact patient financial wellness and, consequently, health outcomes.
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Progress in addressing medical debt requires sustained, incremental improvements. Success comes from consistently implementing better processes, leveraging emerging technologies, and making thoughtful adjustments that collectively improve patients' financial experiences over time.
By leveraging technology to create more transparent, personalized, and accessible financial experiences, healthcare providers can help address medical debt as a social determinant of health — improving not just financial outcomes, but clinical ones as well.
About the author: Ryne Natzke is chief revenue officer at TrustCommerce, a Sphere Company.Back to HCB News
