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How to Collect Patient Payments at the Time of Service

Medical practices prefer upfront patient payments because of the challenges of collecting overdue balances. Not only that, but upfront payments have become necessary due to the ever-increasing operating costs of the average medical practice. Unfortunately, collecting patient payments upfront can be difficult, as the barriers to upfront payments are numerous. Still, there are several steps… Continue reading How to Collect Patient Payments at the Time of Service

Choosing a Revenue Cycle Vendor: Price Shouldn’t Be the Determining Factor

Outsourcing your medical office’s AR functions to a revenue cycle vendor is a big deal, requiring thoughtful consideration of multiple factors. Yet, some choose their revenue cycle vendor by comparing prices from various vendors and selecting the firm that charges the lowest rate – this can turn out to be a costly mistake.  Many practice… Continue reading Choosing a Revenue Cycle Vendor: Price Shouldn’t Be the Determining Factor

7 Signs You Should Outsource Medical Accounts Receivable

Many medical practices fail to effectively manage accounts receivable, leading to long AR days, low cash flow, and financial ruin in the most severe cases. Yet, due to the merits of keeping accounts receivable functions in-house, many practices try to manage accounts receivable themselves, even to their detriment. In some situations, it may be critical… Continue reading 7 Signs You Should Outsource Medical Accounts Receivable

4 Patient-Provider Communication Tactics to Improve the Payment Process

An issue of monumental importance in medical accounts receivable is patient-provider communication. While it may seem to be self-explanatory, patient-provider communicationrefers to the verbal and non-verbal exchange of information between patients and their providers throughout medical treatment. Effectively communicating with your patients increases the likelihood of receiving payments for services performed. This article will explain… Continue reading 4 Patient-Provider Communication Tactics to Improve the Payment Process

How to Reduce Patient Registration Errors

In a busy medical office, patient registration execution may suffer, which opens the door for costly errors. Patient registration errors are a significant driver of claims payment delays and denials. Correcting and preventing patient registration errors has a positive effect on your practice’s bottom line, increasing claims payments. This article will give you several helpful… Continue reading How to Reduce Patient Registration Errors