Region 10 Webinar: Trouble Upstream - The Underinsured and how hospitals are pivoting to meet the challenges.

    August 21, 2018
    1:00 PM - 2:00 PM
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    Uncompensated care increased for the first time since 2015, and one theory is the contribution of growing Patient Balance after Insurance. The options available to patients for coverage through Medicaid expansion, the exchange plans, or hospital charity have largely address the uninsured.  Another population — the “underinsured” — is a growing trend in the healthcare industry, as the average person spends nearly $15,000 per year on healthcare with rising out-of-pocket obligations. Providers must educate their patients on plan costs and benefits while controlling their own collection costs by using estimation tools, charity screening, propensity-to-pay analytics, and insurance coverage discovery. This webinar will highlight industry trends in managing underinsured patients and will describe ways to match patients to appropriate funding.  Most patients are disengaged to the rising cost of healthcare, and unfortunately, financial health is often an afterthought. Given the cost shifting from benefit plan design, patients are under an assumption of the obtained insurance coverage, while they have in fact, only acquired medical debt. A patient’s financial health is becoming increasingly important in healthcare. Providers, for their part, must ensure that they have sophisticated tools and workflows to put both parties on the same page from the start.

    Learning Objectives
    • Understand the industry trends related to the underinsured population
    • Know how to determine a patient’s ability to pay — while staying within their financial means — as well as potential financial assistance qualification(s) 
    • Learn how to optimize the revenue cycle by offsetting bad debt, bankruptcy, and collection issues, and ensure funding mechanisms are in place to maximize collection strategies

     

    Speaker Information:

    Jonathan Wiik brings over 20 years’ of health care experience serving in the acute care, insurance and business solution settings. As an active advocate of legislative changes to evolve the healthcare industry, Wiik recently authored Healthcare Revolution: The Pa.    tient Is the New Payer, and is a frequent public speaker at national and state events. He has developed severalnationally-recognized programs in revenue cycle. Mr. Wiik is an officer on the Colorado HFMA Board and President of the Board of Directors at an assisted living facility. Jonathan currently serves as a Principal of Healthcare Strategy at TransUnion Healthcare.

     

     

     

    Register Online Here.