DecisionHealth, DecisionHealth - 2011 Issue 10 (October)

4 ways to add extra payment options that will boost collections

You could be letting money walk right out the door if you don’t offer your patients enough ways to pay their bills. Practices now generate about a third of their revenue directly from the patient compared to 3% to 4% several years ago, says Rick Altinger, a vice president for Intuit Health. You always want to collect patient balances at the time of service, but offering patients multiple payment options boosts collection efforts.

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