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H-Pass was born from our first-hand and industry acknowledgement of ongoing Patient Access issues within the revenue cycle, and changes in health insurance plans over the past five years.
H-Pass Announcement — Redesigning Patient Access Hospital News And More — $9 Million Turnaround
HFMA’s Weekly News: From Capitol Hill to Wall Street to Main Street More Employees in Plans Requiring Deductible “The percentage of employees enrolled in a health insurance plan that required a deductible was 48 in 2002 and 64 in 2005, according to a new issue brief from the Agency for Healthcare Research and Quality. And by 2005, small firms’ employees were almost as likely as large firms’ employees to have a deductible: 65.5% vs. 63.6%.” “The average amount of the deductible for a single coverage plan in 2005 had risen to $652 from $446 in 2002, a 46% increase. In both years, enrollees at small firms had a much larger single deductible than those of large firms”, said the report.
Access Management Journal “It is a simple fact of the healthcare revenue cycle that insurance eligibility drives payment. And the first step in that cycle – eligibility verification – is the most critical. Unfortunately, eligibility verification is one of the most neglected elements in the revenue cycle.”
HFMA Western Pennsylvania Healthcare financial management association “And what really caught my attention were estimates that 50-90% of claim denials could be prevented by securing accurate patient information at the front door . . .” “Patient Access functions have long been the revenue cycle’s ‘ Achilles Heel’, with poor data collection providing a classic example of “garbage in’ producing ‘garbage out’.”
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