Improving the patient financial experience

COVID-19 emerged in an era when high-deductible healthcare plans covered nearly 24 million consumers with exceptionally high healthcare premiums and out-of-pocket costs, compared to the insured's income. In this episode of the MGMA Insights podcast, Karen Zupko, president, Karen Zupko & Associates, explains how additional strain caused by this crisis points to the need for healthcare providers to find ways to offer patients a better financial experience, especially as more patients face personal financial issues such as pay reductions, furloughs and job loss that may impact their health coverage and ability to pay for medical care. 

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Thanks to Waystar and CareCredit for sponsoring this episode.