While the debate goes on over the Affordable Care Act, one thing has been proven: the recent expansion of Medicaid in many states has lead to a sharp drop in uninsured hospital stays, and a rise in stays covered by Medicaid. States that opted not to expand Medicaid have seen no significant change in inpatient payers.
Some states saw a huge change: Kentucky, for example, saw a drop in uninsured stays by 13.5%.
While the stats don’t point to any specific trends, though some experts are questioning whether hospitals will see a reduction in private insurance revenue in the future.
Regardless of the Medicaid situation in your state, efficiently closing self-pay accounts should still be a priority to maintain cash flow. Contact us today to learn how we can help.