Everything is negotiable. Remember it is always better to pay a balance in fullthan a settlement. Reason: a settlement will show on the respective tradeline on your credit report that the account was "Legally settled for less than the full balance". This sends the message to risk managers that you borrow money but fail to pay all of it back. Contact the hospital. Negotiate your best arrangement. Most hospitals just want their money and will take payments. Try to determine what the insurance company would haveauthorized for payment and use that amount as a basisfor your out of pocket limit. Do not let this go to 3rd party collections. Talk to the primary creditor and make your arrangements with them. A collection agency will be after the balance in full, with little orno "wiggle" room.
that depends, if it has not gone to collections, they may give typically 20% reduction IF you pay right away. if it has gone to collections, you can negotiate with the collection agency for a settlement.
Diane CorriganChief Financial Officer, Hospital of the University of Pennsylvania
Yes the hospital may send you to collections before your insurance settles on an account. In most states the hospital is not actually required to even file your insurance, however, they do as a courtesy. Even when the hospital does file your insurance if they make a mistake and your claim is denied based on this mistake they can not be held liable and are not required to fix the problem. It is now the patients responsibilty to get the itemized statements and get them to the insurance company.
William O. Cleverley has written: 'State of the hospital industry' 'Essentials of health care finance' -- subject(s): Accounting, Cost control, Costs and Cost Analysis, Economics, Economics, Hospital, Finance, Financial Management, Financial Management, Hospital, Health Services, Health facilities, Hospital Economics, Hospital Financial Management, Hospitals 'The 1999 performance review' -- subject(s): Directories, Hospitals, Ratings and rankings 'Financial Report of the Hospital Industry'
Hospital bill are normally classified as a written agreement. In California that means the limit will be four years from the last acknowledgement of the debt.
A hospital management system is an information system that manages the aspects of a hospital. This may include the administrative, financial, and medical processing.
Marie Paquette has written: 'Financial management for hospital auxiliaries' -- subject(s): Economics, Finance, Financial Management, Hospital Volunteers, Societies, Volunteer workers in hospitals
You can write a letter to the hospital explaining your hardship and the hospital may offer you financial assistance. There are also charities that offer financial assistance for people who have problems paying their medical bills.
Charles M. Bley has written: 'A guide to the board's role in hospital finance' -- subject(s): Business management, Economics, Finance, Financial Management, Governing Board, Hospital Administration, Hospital Economics, Hospital trustees, Hospitals
Absolutly, you should go to your local hospital. Hospitals have financial help, and have a responsibility to serve its people reguardless of their financial situation. When i doubt seek help!
The duties of a hospital accountant are similar to a large extent to any other accountant. Such duties include maintaining the cash book, keeping ledgers, reconciling accounts and advising on the financial status of the hospital among other duties.
The financial problems maybe only part of the his/her problems. I would get them to the nearest VA agency/hospital for a physical and check up.