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Patient Payments Blog

“Patient’s Aren’t Likely To Pay Medical Bills Greater Than 5% Of Their Household Income”: And What That Means For Your Practice

Posted by Jim Turner

Apr 5, 2018 8:27:00 AM

Research from The Advisory Board Company has shown patients aren't likely to pay medical bills greater than 5 percent of their household income. (https://www.advisory.com/daily-briefing/2016/02/26/even-with-aca-some-hospitals-face-bad-debt)

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Topics: High Deductible Challenge, Patient Engagement, medical practice management

Deductibles A Key To Assessing Tendency To Pay

Posted by Jim Turner

Mar 29, 2018 8:17:00 AM

Do you know your patient’s deductibles and how much they’ve paid toward them before you treat them? If not, you may be missing the most important key to determining if they will pay your bill.

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Topics: High Deductible Challenge, Deductibles, Financial Policy, Medical Office Administration, Patient Payment Policies, medical practice management

The $1 Cure: Securing Payment At The Front Desk

Posted by Jim Turner

Jul 25, 2017 9:23:00 AM

 

When speaking to doctors and administrators about getting paid at EOB through the use of card-on-file, I often get asked how to enforce the policy. It’s a great question and is as simple as spending a dollar.

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Topics: Credit Card On File, High Deductible Challenge, Medical Billing Solutions, Medical Office Administration

What I Like About Collecting Past Due Bills [With Free Resources]

Posted by Jim Turner

Jul 19, 2017 8:22:00 AM

What do I like about collecting past due accounts?

Nothing.

Really, I can’t think of anything I like about the process of collecting on past due accounts. What about you? Ok, there’s that glimmer of satisfaction when you finally win the phone tag and excuse battle and get a payment in, no matter how small. But that glimmer fades quickly when you look back at your ‘still to collect’ list.

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Topics: Credit Card On File, Patient Collections, Patient Collections Culture, medical practice management, Patient Centered Practice, Medical Office Administration, Free Offer, High Deductible Challenge, Medical Billing

A Simple Graphic To Ensure Patient Payments.

Posted by Jim Turner

Feb 16, 2017 8:23:00 AM

Simple is just better. Getting paid in an HDHP world has become complex and difficult. Patients don't understand their bills or figure you won't do anything serious for three months so they put you on the back burner. Your A/R is climbing, your cash flow is slowing, and your bad debts are increasing. Here's a simple two step process to get it under control.

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Topics: Patient Payments, healthcare payments, Patient Payment Solutions, practice management, Patient Satisfaction, High Deductible Challenge, HDHP

[Guest Blog] How to Solve the Hidden Problem of High Patient Deductibles

Posted by James Riviezzo

Jan 17, 2017 8:13:00 AM

What I learned from over 1,000 awkward conversations with patients about money

Patients are almost always unaware of what their full healthcare costs are. 

The high deductible health plans from the insurance exchanges and insurance companies is really hitting the patients hard. So many of them get lost in the confusion and then just can’t pay.

After over 1000 awkward conversations with patients about money I have learned the how to find the middle path in collecting what you deserve and building better patient loyalty. Here's what they and you need to understand.

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Topics: High Deductible Challenge, Patient Balances, Patient Payments, healthcare payments, practice management, Patient Collections, Patient Cost Estimation Tools

High Deductible Season: Wanting to Change Doesn’t Mean Willing to Change

Posted by Jim Turner

Dec 27, 2016 8:30:00 AM


 

I’ve read the statistics so I don’t make resolutions. I do though, change things. When I find that some issue has grown too large to live with I determine to do things differently. I just spent $4000 to solve a problem that has been nagging me all year, actually for many years. It was a lot more than I wanted to spend but not more than I was willing to spend to resolve the issue.

I think that’s the key. We rarely want to spend the necessary energy, time, or money to solve issues that continue to nag us year after year. It’s only when the issues rise to the level of constant or recurring irritation or ‘do or die’ that we become willing make the effort to change. Patient balances due to high deductible health plans are about to become the recurring irritation and perhaps the ‘do or die’ issue in your practice. We are entering the new year which means your patient’s deductibles will reset and your balances will increase and you’ll be stuck with ever growing collection balances for the remainder of the year.

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Topics: High Deductible Challenge, Patient Balances, Patient Payments, healthcare payments, medical practice management, practice management

Merry Christmas and Some Free Stuff for High Deductible Season

Posted by Easy Pay

Dec 21, 2016 8:17:00 AM


High Deductible Season is almost upon us. Are you prepared?

Starting January 1 you and your patients will enter what could prove to be a very unpleasant season. Patient deductibles reset at the exact time all the expenses from the Christmas and New Year's holidays hit. 

Practices would be wise to start the journey to implementing measures that will guard against increasing patient balances that turn into past due accounts and collection problems. 

Let Easy Pay help you prepare with some free offers. Practices that contact us before December 31 can pick any one of the following offers as a thank you for getting started with Easy Pay:

  • A free Easy Pay Card Reader ($150 value)
  • A Free Easy Pay Set-Up ($250)
  • A Free Easy Pay Consultation and Specific Plan for Your Practice (Priceless)
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Topics: Free Offer, High Deductible Challenge

Collecting from HDHP Patients.

Posted by Easy Pay

Dec 7, 2016 8:03:00 AM

If you suspect that high deductible health plans are having a significant impact on your bottom line but can't put your finger on exactly how our new video will help.

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Topics: High Deductible Challenge

"Could you wait one minute..." How one doctor encourages patients to pay their bill

Posted by Jim Turner

Apr 21, 2016 12:42:29 PM


What should a doctor say to a patient who has just told her that he can’t pay his bill yet is in for additional treatment?

 

This week I had the pleasure of visiting one of our customers who recently had the opportunity to deal with just such a patient. I was a bit shocked and, not so secretly, pleased when I heard what this doctor told her patient. It was one of those ‘wow’ moments that makes me wonder why more doctors don’t do the same.

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Topics: Patient Balances, Patient Relations, Patient Engagement, Patient Payment Solutions, High Deductible Challenge, Patient Payments, Patient Payment Policies, Medical Office Administration, practice management

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