Protecting Patients from Medical Debt: Strategies for Hospitals & Health Systems
Join us for an interactive panel about the burden of medical debt on patients and tactical strategies hospitals and health systems can take to help prevent it.
Financial health touches many facets of life, so our content spans a broad range of topics. From credit to retirement to healthcare and beyond, we pursue insights and solutions that benefit people with unique financial needs.
Join us for an interactive panel about the burden of medical debt on patients and tactical strategies hospitals and health systems can take to help prevent it.
When offered digital financial wellness tools, which workers use them most? Explore how various employee groups engaged with a mobile app rolled out by University Federal Credit Union in Austin, Texas.
Earned Wage Access — also known as earned wage advance or on-demand pay — has steadily grown. As recently as 2020, nearly 55.8 million individuals were using some EWA solutions, as there are both employer provided and direct to consumer options. As EWA solutions have grown in popularity, there has been a steady stream of questions as some employers remain skeptical about the utility and benefit of EWA products. While there are certainly questions that need further investigation, it does appear that EWA solutions are here to stay.
Over a decade since the Occupy Wall Street movement took over New York City’s financial district to protest banks’ greed and growing wealth inequality, Americans are actually paying less for their banking.
With the stock market selling off and inflation at a four-decade high, it is human nature to want to take action to protect your shrinking account balances. But human nature has a lousy track record.
The Financial Solutions Lab, an initiative launched and managed by the Financial Health Network in collaboration with founding partner JPMorgan Chase & Co. and with support from Prudential Financial, today announced that it has selected six organizations for its 2022 Accelerator program which is focused on financial benefits and tools.
Gas prices are still high across the country, which is causing stress and financial hardship for many Americans, according to a recent Gallup survey. But not as many Americans are stressed as in the past when gas has been expensive. When gas prices spiked in 2005 and 2008, more than 70% of people said it was causing them financial hardship. Now, about half of Americans are saying that.
American households spent nearly $11 billion on overdraft charges last year, a cost that the Consumer Financial Protection Bureau has labeled a “junk fee.” That number might seem staggering, but it’s actually a lot less than consumers used to pay pre-pandemic, according to the Financial Health Network’s FinHealth Spend Report 2022 released Thursday.
As the debate around student loan debt cancellation swirls, the pause on federal loan payments is having a pronounced effect on borrowers' bottom lines: It's saving them $1.5 billion each month in interest payments, a new report estimates.
Reduction attributed to student loan debt moratorium, pandemic-related decline in credit card debt and government stimulus funds allowing many to avoid high-cost lending; but underserved populations still pay greater proportion of fees and number of factors indicate likely rise in year ahead.
This year’s annual FinHealth Spend Report examines how households in America managed their finances and accessed credit during the second year of the pandemic, analyzing year-over-year trends for more than two dozen financial products and services.
While the goal of the American health care system is to improve health and well-being, it triggers financial hardship for many people. One in five U.S. households have incurred medical debt, making it the most common form of unpaid bill for which consumers are contacted by debt collectors, and a reason why many people forgo getting the health care they need.