The 2022 Patient Payment Technology Report from Salucro shows how healthcare consumers are responding to the latest trends in revenue cycle technology.
PHOENIX–(BUSINESS WIRE)–Salucro Healthcare Solutions, a leading healthcare financial technology company, today released its 2022 Patient Payment Technology Report, an annual study designed to aid healthcare providers in understanding and following trends in the patient payment and billing experience and the impacts on revenue cycle outcomes. The full report is available on the company’s website.
From patient loyalty to data security, the report shows that patients want a retail-like payment experience from their healthcare provider, and they don’t necessarily trust Silicon Valley companies with their financial data.
The survey of over 1,000 U.S. healthcare consumers tracks the evolution of revenue cycle solutions and their popularity among patients.
The report shows that patients trust their healthcare provider and their third-party partners twice as much as they trust large technology companies. As these companies enter the healthcare industry, it’s important to note who patients trust most with their information.
“Patients are asking for flexibility and transparency from their healthcare provider,” said Clayton Bain, Salucro Founder and CEO. “65% of patients say they have had a negative financial experience with a medical provider, and providers need to keep this in mind when they are listening and responding to their patients.”
Patients want more retail-like payment services like text-to-pay, and are increasingly interested in flexible financing options. When asked what would keep them from returning to their medical provider, 44% of survey respondents said that a difficult and unorganized billing process was the main factor.
“The financial experience can have a significant influence on a patient’s loyalty to their provider,” said Rebecca Grossman, Senior Vice President of Strategy for Salucro. “Healthcare providers that deliver a personalized and efficient billing process can see a positive impact on both revenue cycle outcomes and patient satisfaction. We know that patients are more likely to respond and react to billing statements when they are delivered through their preferred communication channel.”
You can download the full 2022 Patient Payment Technology Report today at salucro.com.
About Salucro
From online bill pay solutions to provider-facing payment integrations, the Salucro platform brings cohesive payment experiences to healthcare providers, patients, and third-party collection agencies. Salucro belongs to an elite group of organizations worldwide that have earned both PCI DSS Level 1 Service Provider and HITRUST CSF Certified status, proving Salucro’s continued commitment to managing risk and improving payment security and compliance. To learn more, visit salucro.com.
Caleb Varoga • Senior Director of Marketing, Salucro
cvaroga@salucro.com
Caleb Varoga • Senior Director of Marketing, Salucro
cvaroga@salucro.com