Financial Clearance includes informing patients about their financial responsibility and copayments.
Prior to treatment, you must swiftly and readily ascertain which patients are eligible for financial aid and which patients have the propensity and likelihood to pay. This will enhance point-of-service collections and decrease bad debt.
To help you comprehend what financial clearance in healthcare implies, we’ll look at the patient’s capacity to pay off debts to the hospital and other obligations. It is a procedure created to assist the patient and the healthcare facilities they are using, ensuring a positive patient-health experience and boosting staff productivity.