The portion of your revenue that must come from patient collections has dramatically increased over the past decade. And higher copays and deductibles aren’t going away – in fact, they’re becoming the standard. A recent Kaiser Family Foundation study determined that average deductibles for patients on employer-sponsored plans have more than doubled, and now average more $1,200 per year.
Collecting effectively from patients has gotten harder, and not doing it well has gotten more costly. That’s the bad news.
But there’s good news, too! Best patient collection practices are emerging – and technology vendors are stepping up their game, too. And when you collect more effectively from patients, you can simultaneously improve your bottom line (without adding more patients or visits!) and even solidify your patient relationships.
I’ve got a new, free webinar on June 9 that shares some of the ways you can collect more while actually improving your patient relationships. To sign up, just visit this link: https://attendee.gotowebinar.com/register/351571408146784258
We’ll have time for questions, and you’ll even get to learn about some exciting new technologies. I hope you can join us!
Latest posts by Laurie Morgan (see all)
- Credentialing: is it time to upgrade your process with software? - December 4, 2018
- From manager to leader [practice management tip: leadership] - November 28, 2018
- Our Thanksgiving letter - November 21, 2018