In the healthcare industry, the role of a clinic or hospital encompasses beyond just giving medical treatment. An added service that can be offered to patients is to help them apply for Medicaid. With proper guidance from doctors, nurses and other hospital staff, patients can determine their eligibility for Medicaid and have a better chance of receiving the benefits they deserve.
Medicaid and Revenues
Research has found that hospitals with a mix of patients with Medicaid and other private healthcare plans are more successful in getting collections. This is an improvement compared to hospitals or clinics who serve only self-paying patients or privately-insured clients. Data suggests that with the right healthcare revenue cycle management strategies and with proper monitoring, hospitals can expect profits, even if they have many patients under the Medicaid program. Read more on this article: