Quantcast
Channel: Medical Practice Management Blog
Viewing all articles
Browse latest Browse all 27

Resolve To Collect Self-Pay More Efficiently in 2014

0
0

patient making paymentBecause patient payment responsibility has been representing more and more of your practice’s revenue, “self-pay” has understandably become a hot-button issue in medical billing. Self-pay is often much more difficult to collect, and that length of stay in accounts receivable can easily cause an upheaval in your finances.


When solving any problem it’s important to hear “both sides of the story.” So, let’s start out by looking at this from the patient’s point of view. Surveys suggest that many patients aren’t aware of their payment responsibility when they leave the office. A majority of patients would take advantage of a payment plan if one was made available, and 70 percent are interested in making payments online. These will be important things to remember when you make adjustments to your collection strategy.

 

To find better self-pay success, you’ll need to establish some ground rules, make use of well-designed technology platform, and get top notch effort from your entire staff. Here are some best practices for addressing your patients’ accounts as well as their health:


Viewing all articles
Browse latest Browse all 27

Latest Images

Trending Articles





Latest Images