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Create a financial policy for your practice and communicate it
in Quasselecke 15.06.2019 08:05von zhouyueyue • 1.061 Beiträge
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When outstanding patient balances grow out of control, your practice may feel there鈥檚 no option but to place them in the hands of a collection agency. Putting debt professionals in charge is the best way to get your payment鈥?right? Not always. Physicians and practice managers often resort too quickly to the services of a collection agency and end up feeling the choice was a mistake. Learn why, and how, to avoid needing outside collection services 鈥?and bolster your cash flow in the process. If you place an account in the care of a collector Cheap Juan Mata Jersey , you鈥檙e entrusting the business to act on your behalf. With that, your reputation is at stake; the collector can easily burn your bridges with your patients, their kin and their colleagues if it represents you poorly.
It may never be possible for your practice to collect 100% of what you鈥檙e owed from patients 鈥?especially in today鈥檚 economy 鈥?but implementing firm payment policies is the best way to avoid issues. We have suggested a few points which might help you to get more collection from patients and that is also on time for most of the times!
1. Give more payment options
Don鈥檛 restrict yourself to taking cash. Show some flexibility and give more options to patients for the mode of payment. These days, people mostly use credit and debit cards to make payments. Keep a card machine on the front desk Cheap Joel Castro Pereira Jersey , so that patients can make payment there and then. Some patients may insist on making the payment in cash. So you can facilitate them by having an ATM installed at your practice.
2. Create the internal financial policy
Create a financial policy for your practice and communicate it to your patients to avoid any payment confusions or discrepancies in future. The policy should be comprehensive and address issues pertaining to your practice specialty and patients. Clearly define patient responsibilities for all non-covered services.
3. Train your staff
Invest in your front-desk staff. Educate them about ways to collect patient payments before the services. It is desirable to hire staff that is familiar with health insurance policies; otherwise train them in making collections, looking up patient payment history and resolving payment disputes. Make sure your staff remains up to date with payer payment rule changes.
Receptionists who schedule appointment need to be trained on how to audit a patient鈥檚 account and to know when it鈥檚 time to have the patient meet with someone in the billing department. Determine the specific parameters for your staff so they can do the job you want and support each other.
4. Do your homework
Check your EHR and create a list of all the patients with huge payment Backlog. Your integrated EHR and Practice Management System should assist you in this. With good software, you can view the plan and patient balance in real-time on the scheduling screen. Make it a habit to view this information, so that you have an idea about patients lagging . Cheap Jerseys China Wholesale Cheap MLB Jerseys Cheap Jerseys China Wholesale Cheap MLB Jerseys Cheap NHL Jerseys From China Cheap Authentic Soccer Jerseys Cheap Soccer Retro Jerseys Wholesale Jerseys China Wholesale NFL Jerseys Wholesale MLB Jerseys
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