Because of the explosion in different payment systems, hospitals, physicians, and providers such as clinical laboratories are facing a new challenge: how to match a payment to a specific patient’s service. Modern Healthcare writer Tara Bannow reports that, “back when most patients paid with cash or checks, most health systems relied solely on banks to handle their payment processing.” Now, the proliferation of online and point-of-sale payments has complicated this process. When a provider doesn’t properly apply the payment to a patient’s account, it can create a credit issue for that patient.
MORE ON: Payments
Modern Healthcare said that, just between 2011 and 2014, online and point-of-sale payments grew from 2% of transactions to 11%. Merchant services firms like Wind River Financials of Madison, Wis., are resources that healthcare providers can use to process payments more quickly, accurately, and cheaply.
LACK OF FUNDING AT UK’S NATIONAL HEALTH SYSTEM?
In the United Kingdom, the King’s Fund, an independent healthcare charity, says the National Health Service is more than halfway through its most austere decade ever. World Bank statistics reflect this: In 2009, the UK spent 9.8% of its GDP on healthcare; by 2014, it fell to 9.1%. A recent surge of flu patients has caused many UK hospitals to delay elective surgeries and wait times in emergency departments have lengthened significantly.
- Opko Health, announced that Gregory Henderson, MD, PhD, resigned as CEO of BioReference Laboratories in January. Prior to BRLI, Henderson had served at Mount Sinai Health System, Pacific Pathology Partners, Harrison Medical Center, Ocshner Clinic Foundation, and Wilmington Pathology Associates.
- Alberto Gutierrez, PhD, joined NDA Partners as an Expert Consultant. He previously served in numerous roles at the Food and Drug Administration during a 25-year career at the federal agency.
- Jonathan Sheldon is Qaigen’s new Senior Vice President of Bioinformatics. Previously, he held executive positions at Oracle, Translational Medicine, InfoSense, Confirmant, and Roche Products.
That’s all the insider intelligence for this report.
Look for the next briefing on Monday, March 5, 2018.
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…how researchers at Penn State Health Children’s Hospital have determined that microRNA in saliva could be used as biomarkers in point-of-care concussion testing during sports events. This is an example of how testing may move outside the core lab.
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