Patient Financial Responsibility on the Rise - Providers Face Net Revenue Impacts

During the third quarter of 2016, more of the financial responsibility continued to shift from insurer to the patient due to increased market preferences for high-deductible health plans, and populations continued to move from uninsured self-pay to insured following the enactment of the Affordable Care Act. Healthcare providers often struggle to adapt to increasing patient responsibility amounts for insured self-pay copays and deductibles, resulting in operational struggles with collection rates on these patient responsibility amounts.