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HomeBest Practices → Don't Let Your Money Walk Out The Door

Don't Let Your Money Walk Out The Door Print E-mail
Written by The Profitable Practice   
Saturday, 19 January 2013 00:00

One of the most important aspects of a medical practice’s success is collecting the money that a patient owes them. This seems like a “no-brainer,” right? Well that does not necessarily make it an easy feat. Patient out-of-pocket fees account for 30 percent of a practice’s revenue, yet once a patient walks out the door, chances of collecting that money are practically cut in half.

The bright side is that there are ways to improve the collections process in order to ensure payment efficiency. Software Advice, an online resource for medical software, spoke with several practice management consultants and found four strategies to improve patient fee collection while maintaining strong customer satisfaction.

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Last Updated on Saturday, 09 February 2013 17:39
 


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