Are your practice’s finances telling the same story of rising bad debts every year?
Navigating through the patient payment storm can be exhausting for every practice. While healthcare facilities continue to implement payment collection strategies, most dues remain unrecovered. There could be multiple reasons for the revenue leakage, but here’s a question – Is your collection process capable of meeting your patients’ expectations?
Today, 30% of the average healthcare bill is paid by the patients. This means your payment collection strategy should be centered on how you can bring your patients to pay up. And what’s more, you should focus on how your payment collection process can benefit your practice efficiency.
Download this guide to learn:
- Strategies to build an effective payment collection program
- How using digital payment options can boost revenue collection
- Role of a digital platform to minimize bad debts and cut down overhead costs