An Indiana practice recently established a bonus incentive program for its support staff that has been a huge help to patient collections. "I had managed an office prior to joining this practice where I was able to track patient collections percentages each day," Leanne Craig, office manager at Hendricks Therapy, tells Medical Office Manager. "I had a report within our … [Read more...] about Patient collections ‘bonus incentive’ program increases patient payments and staff pay
Search Results for: patient payment
12 tips for boosting patient payment
The way the bill looks, and reads, plays a major role in when – and whether – the office gets paid. Here are 12 ways to boost patient payment. 1 Include a return envelope with the bill. This makes it easier for the patient to pay and also ensures the payment is addressed correctly. 2 Use colored return envelopes. They make the bill stand out from the … [Read more...] about 12 tips for boosting patient payment
How one practice addressed the issue of delinquent patient payments
A medical practice in Fayetteville, GA, had an ongoing situation with 20 or so longtime patients who believed because they knew the doctor personally and even socialized with him that they could pay for medical services when it was convenient for them. Yet, Rick E. Blondeau, practice manager, believed the doctor shouldn't wait to be paid for his service that he performed in … [Read more...] about How one practice addressed the issue of delinquent patient payments
3 ways to more safely process patient payments and enhance overall security
By Paul Panos bio Today's office managers face security concerns from all sides – from HIPAA compliance to PHI laws. Shouldn't protecting financial data be the last thing on your mind? We've already explored in a previous article how the right payment processing technology can boost a practice's profitability, but it can also enhance a practice's level of security … [Read more...] about 3 ways to more safely process patient payments and enhance overall security
Creativity helps increase patient payments
If your practice is like most, it regularly struggles with patient payment issues. Churchland Internal Medicine in Chesapeake, VA, has found a solution – actually several – to help resolve payment problems. "In our office, when a patient is asked for a payment on a balance and does not pay, we set up a payment agreement," says Linda Warren, office manager. Then, the office … [Read more...] about Creativity helps increase patient payments
3 ways to hook up your patients with drug payment help
By Lisa Eramo One out of every eight patients with cardiovascular disease fails to take their medication due to cost barriers. The New York Times has even gone so far as to label nonadherence as an "out of control epidemic." Unfortunately, job disruption due to the COVID-19 pandemic has made it even more difficult for patients to afford their medications. Drug copay … [Read more...] about 3 ways to hook up your patients with drug payment help
CMS to provide accelerated and advanced payments during patient surge
In response to the COVID-19 pandemic, CMS will provide accelerated payments to requesting providers and advance payments to requesting suppliers, including physicians and non-physician practitioners, who submit a request to the appropriate Medicare Administrative Contractor (MAC) and meet the criteria: CMS intends to provide assistance first to those providers and suppliers … [Read more...] about CMS to provide accelerated and advanced payments during patient surge
7 terms to include in your patient debt collection agency services contract
Outsourcing patient collections enables medical practices to generate needed cash flow and concentrate on clinical operations. That, at least, is the theory. But the strategy does not always work. One of the key factors of success is the actual services contract the medical practice signs with the agency. Many a medical practice has seen the anticipated benefits of outsourcing … [Read more...] about 7 terms to include in your patient debt collection agency services contract
How to make a collection call to a patient
A collection call to a patient should never be offensive. But it does need to be firm. Remember, the goal is to collect an unpaid balance. With this in mind, here's what to say and how to respond to what a patient says. Begin by putting the patient on the spot, without being confrontational. One possible approach is, "We haven't received payment for this bill we sent you 30 … [Read more...] about How to make a collection call to a patient
Patient resources for Healthy Aging Month
September is Healthy Aging Month. Here are resources from the Centers for Medicare & Medicaid Services to encourage your patients to adopt a healthy lifestyle. Services to recommend: Preventive services Cognitive assessment & care plan services Chronic care management services Behavioral health integration services Information for your patients: Preventive … [Read more...] about Patient resources for Healthy Aging Month