Inbox Health data finds 50% of practices bill their highest amount of patient accounts receivable in the first quarter.
, /PRNewswire-PRWeb/ — A recent analysis by Inbox Health, the industry’s leading solution dedicated to patient billing, payments and collections, indicates that 50% of healthcare practices bill the highest dollar amount of their patients’ total annual accounts receivable in the first quarter of the year, with a startling 32% peaking in March alone.
“Both patients and practices feel the biggest impact in the first quarter of the year – what we like to refer to as deductible season. This places enormous stress not only on patients, but also on healthcare providers who are troubled by delayed or missed payments.” Blake Walker, CEO of Inbox Health
According to Blake Walker, CEO of Inbox Health, “This statistic clearly delineates the staggering payment responsibility placed on patients by the modern structure of high-deductible healthcare plans (HDHP). As Inbox Health data shows, both …