What Financial Services Can Teach Hospitals About Collections

Countless hospitals are struggling to collect patient receivables. Why? It’s simple: There’s more to collect, and patients are not paying. In response, hospitals and health systems should take a cue from the financial services industry by employing propensity to-pay (P2P) and identity verification solutions to:

  • Quickly collect in-house on accounts with high propensity to pay to minimize utilization of third-party vendors
  • Minimize the cost to collect with enhanced right-party contacts (RPCs)

In this free download, TransUnion uses their expertise in both the financial and healthcare industries to help you with solutions that lead to smarter decisions and healthier bottom lines.