Answering the Call for Financial Transparency: What Does Financial Transparency Mean for Hospitals, Physicians, and Other Healthcare Providers? Millennia / August 31, 2022 Healthcare Consumerism Is Here to Stay Self-pay cannot be ignored as a major player in a healthcare system’s financial success. Consumer contribution to overall revenue continues to grow–35% of total […]
Answering the Call for Financial Transparency: The Evolution of Healthcare Millennia / August 17, 2022 Historically, the health system has been a business-to-business payment model6. A healthcare provider’s revenue largely depended on how well it managed the flow of claims from its billing system to […]
Answering the Call for Financial Transparency: Executive Summary Millennia / August 10, 2022 Like it or not, healthcare is a business. And like any business, to survive and hopefully thrive, you must adapt to the market. Even though most healthcare facilities are non-profits […]