Debunking the Myths Around Patient Financing
- Payors
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As if news of record-high hospital bankruptcies and healthcare staff burnout wasn’t enough to shine a spotlight on the importance of revenue cycle management, just click around GoFundMe for additional evidence of the fallout from the healthcare affordability crisis. “GoFundMe has become a go-to for patients trying to escape medical-billing nightmares,” writes Elisabeth Rosenthal, an ER physician turned healthcare journalist, in her recent article in The Atlantic. Medical fundraising is the most common category of fundraiser the platform hosts, the author writes, going so far as to say some healthcare finance professionals are actually suggesting its use.
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