Traditional medical debt collection methods are outdated, ineffective, and create financial hardships for both hospitals and patients, with high contingency fees and poor patient engagement. This results in increased costs, lower returns on collections, and patients avoiding necessary care, which worsens health outcomes and drives up overall healthcare costs.
This administrative solution addresses inefficiencies in traditional medical debt collections by offering a more cost-effective subscription model, improving patient engagement, and enhancing financial assistance accessibility. It helps hospitals recover more revenue, increase patient satisfaction, and comply with regulations, ultimately reducing the financial burden on both patients and healthcare providers.