BC Advantage - 2016 Issue 10

Three Things To Avoid During Patient Collections

Accounts receivable nightmares happen. Most practices have weathered periods of soaring bad debt or collections numbers at some time in their history-and every one of them will tell you how hard it is to get those numbers back under control. Considering that patient payments in healthcare rose by 193 percent between 2011 and 2014, it’s no wonder that practices have had a lot to handle in recent years.Managing accounts receivable correctly requires frequent and thorough maintenance. For practices, this applies not only to managing patient payments, but also to managing billing claims to payers. Drop the ball...

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