Medical Bill Repayments and the Elderly

Abstract

This research document looks at different strategies to reduce anxiety that medical repayments often cause to the elderly when they are faced with major medical events. When a medical event takes place, reams of paperwork must be processed for reimbursement; bills arrive from the hospital, radiologist, anesthesiologist, medical specialist, ER attending physician and others. Many times it is the patient who is overwhelmed with the details of processing information. The purpose of this research is to determine if there is a viable option to reduce this anxiety caused from the billing paperwork. A survey of sixteen questions was presented to nineteen vendors in the medical sector. The compiled data was combined with information researched from the literature sources noted. For this research paper, a hypothetical business has been created using the name Medical Bill Assistance Service (MBAS).