High deductible healthcare plans (HDHPs) and the self-pay patient population has grown considerably over the last few years. In 2023, over 50% of private industry workers were enrolled in an HDHP of $1,000 or higher.¹ This number is only expected to increase over time, so healthcare providers need to take note: the days of “next-day” billing are over.

Instead, “right-day” billing, or intentionally and precisely timing claim submission to run up against the patient’s deductible, is now the best practice. Kristin Whitt, Director of ARO Operations for ZOLL Data Systems, recently discussed how this practice can improve operational efficiencies and allow healthcare providers to collect more revenue. Now, automated tools can help monitor deductibles and precisely time claims out.

Viewers can watch the webinar recording on-demand to learn:

• How right-day billing optimizes claim submission timing, shifts financial responsibility back to the payers, and generates more revenue for your organization.
• How considering payer mix is key to correctly timing claim submissions.
• How right-day billing can increase patient satisfaction and decrease operational costs associated with write-offs.

Watch the webinar, “How Healthcare Billers Can Monitor Deductible Status To Maximize Revenue and Reduce Bad Debt,” to learn more about the benefits of right-day billing and how to leverage automated technology that can monitor deductibles for you.

¹U.S. Bureau of Labor Statistics website, April 29, 2024, www.bls.gov/opub/ted/2024/51-percent-of-private-industry-workers-participated-in-high-deductible-health-plans-in-2023.htm. Accessed 16 Dec. 2024.