BC Advantage - 2015 Issue 5

Top 8 Tips to Achieve Patient Billing Success

It's no secret that healthcare costs are on the rise. But what's worrisome is that patients' out-of-pocket costs are skyrocketing too. The average patient's deductible has jumped 49 percent since 2009. This is not only burdensome to patients, but to medical practices as well because outstanding patient balances now make up a greater percentage of overall revenues. Meaning, staff must be much more diligent about collecting payments from patients. Here are 8 tips to achieve patient billing success. 1. Obtain Complete Patient Demographic Information.Efficient patient billing starts upfront, with the actual patient themselves. If you think about it...

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