Tom Furr founded Durham, North Carolina-based PatientPay, a patient payment solutions company that offers online billing, collection and reconciliation services for medical practices, ambulatory networks and hospital systems.
For over a decade, we have seen the steady rise of consumerism in healthcare. Far more than an emerging trend, it is now something that will dramatically alter the U.S. healthcare delivery system...for the better.
As medical groups continue to struggle in today’s complex and changing healthcare business environment, there is a rise in the number of these groups submitting bankruptcy filings across the country. These bankruptcies are not the result of malpractice suits in favor of the plaintiffs and have little to do with medicine or the business of healthcare.
In April, baby boomers passed the crown as the largest living generation to millennials, according to the U.S. Census Bureau. There are now more Americans between the ages of 18-34 than those aged 51-69.