BC Advantage - 2023 Issue 5

Overcoming Self-Pay Challenges in Revenue Cycle Management

Amid the headlines of labor shortages and hospital closures, many Americans may have missed some positive recent healthcare-industry news: The U.S. reached a new, all-time low in the rate of Americans without health insurance. Standing at just 10.5% in 2021, down from 11.1% two years earlier, the uninsured rate was pushed down in large part due to the Medicaid expansions declared under the COVID-19-related public health emergency, according to a 2023 report from the U.S. Department of Health and Human Services. Nonetheless, we shouldn't be lulled into a sense of complacency about the...

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