Certainly, let’s discuss technology, specifically focusing on billing software in the context of a billing company. Technological advances have indeed revolutionized the way billing and financial operations are managed. However, like any tool, billing software has its advantages and disadvantages, and its effectiveness depends on various factors, including the company’s understanding and utilization of the…
Tag: patient collections
Principles of Improving Patient Procedure Collections
It has never been more important to the financial health of your practice to have an efficient patient pre-collections program in place. The goal is to get patients to pay in full prior to the procedure. The motto for getting paid is to Ask Early and Ask Often for Payment. The fact is, the further…
Does your staff know how to correctly bill patients?
Incorrect medical billing issues and misleading claims ranked in the top 10 complaints on the Consumer Federation of America report released on July 27th, 2017. The specific complaints related to patients receiving an incorrect bill for: services they did not receive services that weren’t billed to their insurance company services that should have been covered…
Communication Is Key
The Life Skill, “Communication is Key” should apply to the operation of any successful healthcare provider! From the Physician to the front desk, and everyone involved with a patient record… Communication is the key to ensuring an excellent experience for your patients and is a vital foundation for a productive partnership with your outsourced billing department. When working with an…
Optimize Patient Collections in 3 Steps
Optimizing Patient Collections Long gone are the days of $25 co-pays and $250 deductibles. With the increasing prevalence of high deductible insurance and patient cost-sharing plans, it has never been more important to the financial health of your practice to have an efficient patient pre-collections program in place. Less than 50% of these up…
Is Your Practice Getting Paid?
After talking to over 100 orthopedic surgeons in the last month (mostly at AOSSM this past weekend), there seems to be some commonality that many are experiencing in their practices…..increasing accounts receivable. Since 2005, High Deductible Health Plans [HDHP] have become increasingly more popular among employers. So much so, they have increased by almost 600%…
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