As a medical billing provider working with various medical practices, we are asked about how best to improve patient collections quite often. Patient collections is one of the most important aspects of any medical office, but it can be difficult to juggle all the different aspects of it. Statistics show that 40% of working-age Americans are either experiencing medical bill issues or struggle paying down medical debt. Providers can assist in these times by improving their patient collections by making the process easier.
If you are looking for extra help when it comes to patient collections, Shoreline is happy to help! We work with local, regional, and national collection agencies alongside a variety of patient statement software. Visit here for more information.
The keys to improving patient collections in your practice are easy and can be applied today. If you offer payment plans, online bill pay, or transparency about cost upfront then the likelihood of collecting on those accounts is much higher. Have any of these strategies helped you improve your patient collections?