On Thursday, Healthcare Finance presented Seth Cohen of OODA Health’s predictions for revenue cycle changes by the end of 2019.

No-interest patient payment plans have long been thought of as great solutions for patients who can’t afford immediate payment. On paper at least, these types of plans seem legitimately beneficial, and healthcare providers and medical billing staff across the country truly believe that these plans are helping patients absorb the potentially disastrous financial impact of high-cost treatments. They believe it, or else they wouldn’t be offering them.

Hospitals’ operating margins have decreased by 38.7% since 2015. One main cause explains this decline: expenses are growing at a faster rate than revenues.

Healthcare spending accounted for 18% of GDP in 2017. With a projected growth rate of 5.5% per year, smart banks are leveraging the advantages of this booming industry.

Medical professionals are burnt out from the unpaid, non-medical services they provide.

Banks are vital to a healthy economy just like healthcare providers are essential for healthy citizens.

Some speculate the high amount of medical debt collections plaguing healthcare providers is associated with the rise in patient dissatisfaction.

Many patients turn to marketplace lenders to finance medical procedures you can’t afford.

If you need money for care your insurance won’t cover, medical loan financing can help.

Incentives to Improve CRA Ratings The importance of improving your financial institution’s CRA rating has perhaps never been more keenly felt. Between the rumblings about updating the Community Reinvestment Act from Comptroller Joseph Otting and the U.S. Department of Treasury to the growing advocacy within American communities for more banking solutions, investing in and bettering CRA ratings has risen to the top of every local banker’s to-do list.