BC Advantage - 2019 Issue 11

How to Increase Patient Payment Collections in 2020

Providers everywhere are relying heavily on patient payments to sum up the majority of revenue in their practices in 2020. As medical practices rely less on large entity payers, it is important to take extra measures to protect and collect more patient payments in 2020. Patient payment collections are the key to making sure your practice adjust to this financial change. The good news is, there are steps providers can take to increase patient payment collections in 2020 without overworking themselves.Steps to Improve Patient Payment Collections1) Payment PolicyImplementing a payment policy at your practice is an important dynamic...

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