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RCM Strategies for Handling High Deductible Health Plans
High Deductible Health Plans (HDHPs) are reshaping how patients and providers navigate the financial aspects of healthcare. While these plans can reduce upfront costs for patients via lower premiums, they shift much of the financial responsibility to the patient, particularly in the form of higher deductibles. For healthcare providers, this shift can create challenges in collecting payments and managing the revenue cycle. Effectively addressing these challenges requires adopting proactive Revenue Cycle Management (RCM) strategies. In this article, we’ll focus on