Abstract
This Financial Insights report profiles a solution developed by Aequitas
Capital Management that has been implemented at the St. Charles Medical Center
in Bend, Oregon and is achieving significant increases in collections. Leading
financial institutions are moving beyond support for health savings accounts
(HSAs) to directly address the difficulty that hospitals and other healthcare
providers have with collecting directly from consumers rather than health
insurance providers. As usage of HSAs continues to rise and as employers
increasingly push consumer-directed healthcare strategies (in the form of
corporate-subsidized plans), the demand for such collection systems will
increase.
According to Dana Gould, senior research analyst, Payments, "New opportunities
are developing and new systems are being created to effectively cope with
changes in the healthcare payments arena. Those that are among the first to
take advantage of the changes and develop the required solutions stand to gain
the most in the marketplace."
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