White Paper

How to Use Financial Assistance Scores to Determine Patient Financial Ability

How to Use Financial Assistance Scores to Determine Patient Financial Ability

Pages 14 Pages

Healthcare providers can improve efficiency and reduce costs by using financial assistance scores to identify eligible patients early, avoiding unnecessary debt collection efforts. Contrary to common myths, financial assistance eligibility can be determined without invasive credit checks, using demographic data instead. This approach ensures consistent and fair application of assistance, even across large health systems, and can reclassify bad debt as community care. Patients don't need to be notified or fill out paperwork, and providers can meet IRS requirements digitally, minimizing costs. This method balances patient dignity with financial responsibility, benefiting both providers and patients.

Join for free to read