Medical Billing Strategies For Coming Through With Collections

11 September 2020
 Categories: Finance & Money, Blog

If you have a medical practice, you want it to thrive for many years to come. This is dependent on your ability to come through on collections as your medical practice is a business after all. You can improve your collection rate by taking advantage of the following medical billing strategies.

Try Collecting Before Services Are Rendered

There are some patients that lose incentive to pay on time if they've already received services. A simple fix with your medical billing is to collect before services are rendered. Patients then will feel much more inclined to pay so that they can receive the best medical care you can provide them.

Right as patients show up to check in for their scheduled appointment or are walk-ins, ask for the full amount that's due. Even if they can't pay all of their co-pays, at least you'll get some money and that's better than months of waiting. 

Send Out Frequent Reminders

The patients your medical practice sees on a regular basis probably have busy lives just like your staff does. You can help them stay on top of payments better by sending out frequent reminders.

Today, you can do this in a lot of different ways like sending out text messages about how much the co-pay will be. Or you can send emails and even call patients in advance. Sending out these reminders is particularly important if the co-pay is more than a hundred dollars as patients need to know and plan in advance.

Consult With a Professional Company

Even if you think your medical practice has everything smoothed over as far as the medical billing side, there are always improvements to be made. Knowing which areas need work can be a smooth and stress-free process if you consult with professionals that deal with medical billing processes.

They can dig deep into your medical billing practices and see where you may be going wrong. If there are some red flags, the consultants can pinpoint them in a way that's not aggressive but rather informative. This way, none of your staff takes offense to their suggestions.

In order to create and maintain a successful medical practice, you have to take control of medical billing. It's not the most glamorous part of helping people live healthier, but it is vital. You can feel better about it all around by implementing tried and true strategies from the beginning.

For more information, contact a medical billing solutions company.