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Catalog
Finance Learning Moment
Implement a Direct-Pay Strategy and Grow Revenue
Implement a Direct-Pay Strategy and Grow Revenue
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Video Transcription
Video Summary
In the video, the speaker discusses the benefits and implementation of transparent pricing and bundled payments in healthcare practices. The emphasis is on catering to direct pay patients, self-funded employers, and uninsured individuals. By setting upfront prices and bundles for services, practices can attract new patients and streamline revenue cycles. The speaker recommends owning the bundle to control pricing and partnering with facilities to ensure fair payment. Documentation for patients opting out of insurance coverage is necessary for legal and medical purposes. Ultimately, transparent pricing provides a consumer-centric solution, improves workflow efficiency, and offers a new revenue stream for practices.
Keywords
transparent pricing
bundled payments
healthcare practices
direct pay patients
self-funded employers
uninsured individuals
upfront prices
revenue cycles
patient documentation
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