• Adam Kae & Associates

Uninsured Patients: How You Can Offer them More Options





There are 952 health insurance companies in the United States.

Yet, 17.3% of the non-elderly US population is uninsured.

Why?



1. They can't afford to purchase insurance.

2. There are more insurance companies. This means more physician offices must negotiate/implement contracts. Depending on the scarcity of healthcare in your area, your specialty might not be in their network.

3. The costs of healthcare are rising.


According to The American Journal of Medicine, there is an association between health insurance coverage, health care access, and the outcomes of patients.

How can you help your patients?


Give them Resources

It can be a source of embarrassment for many patients to have to ask about cost of care.

One Solution:

Establish a discreet office procedure to notify your providers when treating uninsured patients.

Before presenting the treatment plan, price out estimated costs and share with your patient.

This improves lines of communication and shows your patients you care.

Another Solution: Provide in-office collateral to encourage them to apply for Medicaid.


Because Medicaid qualifications can change over time, it may be beneficial for them to reapply. They may also qualify for other government benefits they are not aware of!

Give them Options

Are there different treatment options your patient could consider? Could you provide them with these options along with their levels of aggression and pricing?

Are there also generic or over-the-counter medications you could default to?

Are there other providers or free clinics that could do this procedure/treatment for a lower cost?

Adam Kae & Associates is a CleverRX provider, and your practice could be one, too. They help patients save up to 80% on their prescriptions.

Shop for Them

Healthcare and insurance is a tricky subject for many. As a provider, you may have access to learning about more opportunities for your patients.

Shop around your lab, radiology, and pharmacy suppliers to find the best options for your patients.

Participate in community conversations to understand more resources that could be available.

Lastly, your specialty's association/organization likely supports legislature that helps patients access resources. Even if you're not an organization member, they may be able to provide information.

Final Thoughts

You want to give the best possible care to your patients, but oftentimes, financial stress is an obstacle for the uninsured. You can help your patients find relief through advocation by providing information.

We can help, too. Schedule a complimentary 1-on-1 consultation with us, and let us help you help your patients.




Resources:


Adam Kae & Associates

Insurance Information Institute

AAFP

AMJMed





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Disclaimer: This article contains information and opinions from Adam Kae & Associates, and the information and opinions should not necessarily be seen as the best possible solutions for your business. Please contact us at info@adamkae.com to help you find the best solutions for your business.


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Adam Kae & Associates | Virtual CFO