tci Part B Insider - 2010 Issue 8

BILLING: Avoid These 2 Pitfalls When Trying to Maximize Income

Collect all that you can -- ethically. With uncertainty surrounding your Medicare payments and the elimination of consult pay, many practices have been trying to optimize their A/R in other areas. In many cases, finding hidden dollars can be a boon to your practice's bottom line. But be sure to avoid these pitfalls in your hunt for dollars. Pitfall 1: Charging Medicare patients a "statement fee" when they are late in paying you. Some practices tell the Insider that they have begun to charge a"statement fee" for late copayments or deductibles, and a few practices have been adding on...

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