AccuReg CEO Paul Shorrosh featured in HealthCare Business News article “Price transparency rule compliance is a low bar. Aim higher”

AccuReg CEO Paul Shorrosh has some advice for hospitals preparing to meet the January 2021 price transparency deadline—aim higher.

In the article, Shorrosh says that simply meeting government requirements to post negotiated rates doesn’t provide the meaningful price transparency patients need to be informed healthcare consumers. He says hospital CFOs and revenue cycle executives need to keep the strategic focus on the patient and answer the question, “how much will I owe?” by providing visibility into out-of-pocket costs.

Shorrosh said by doing so it will pay off in patient satisfaction and increased revenue. Implementing patient estimation software into the revenue cycle allows hospitals to start financial responsibility conversations earlier, which increases payment collections prior to service by giving patients the ability to pay in full or opt for charity care or financial assistance.

Read the article in HealthCare Business News.