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Patient Payments Blog

FREE Graphic: New Study: Same Story For Patient Preferences

Posted by Jim Turner

Dec 6, 2018 8:37:00 AM

A new study hot-off-the-press makes the same conclusion I’ve seen studies make for the last ten years. The percentages are a little higher but the trend continues. Patients don’t like phone calls concerning their balances. They prefer anything BUT a phone call. Consider this key finding from the study:

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Topics: Patient Satisfaction, practice management, Patient Centered Care, Patient Balances

Free PDF DownLoad: Card-on-file Collections Scripts

Posted by Jim Turner

Feb 22, 2018 8:37:00 AM

Past due patients are hard to reach. Once you do you must make the best of the call. If you have a card-on-file system, you have the power to take control of the collections process in a patient friendly way. We have developed simple questions (scripts) to help you maximize every contact with past due patients. Download the PDF by clicking on the graphic. The link will take you to the download page. 

 

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Topics: Financial Policy, Scripts, Back Office Tips, accounts receivable, Payments, healthcare payments, Patient Balances, Credit Card On File

Printable Graphic: 5 Essential Payment Questions

Posted by Jim Turner

Oct 3, 2017 8:47:00 AM

As a follow-up to last weeks video we have created a printable graphic with the five essential questions for securing on-time patient payments. We know how important it is to ask the right questions at the right time. Staff members often get stuck when discussing payment with patients. This graphic will give them a place to start and a way to ensure that payment will be made in a timely fashion. 

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Topics: Credit Card On File, Patient Balances, Patient Centered Care, Patient Collections, Patient Engagement, Patient Payment Solutions, Front Desk Tips, Front Office

A Short Video On Patient Payment Discussions

Posted by Jim Turner

Sep 26, 2017 8:23:00 AM

Ever asked yourself, "What if I knew exactly what to say when talking to a patient about payment? Here's a short video to get you started. Look for more in weeks to come. Enjoy!

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Topics: Patient Balances, Patient Centered Care, Patient Collections, Front Desk Tips, Front Office, medical practice management, practice management, Payments, healthcare payments

77% of Practices Take Risks With Patient Payments

Posted by Jim Turner

Sep 12, 2017 8:43:00 AM

 

 

When we talk of risk, one of the first things that often comes to mind is skydiving. The reality is that there's a 0.3% rate of injury for every 1,000 jumps. That could mean anything from a minor scratch to a life threatening injury. The truth is that you are taking more risk on your daily commute. The average driver is more likely to be involved in a fatal car crash than the average sky diver is to get injured. In a similar way, practices think they are taking risks if they talk to their patients about money when, in fact, they are taking a larger risk by not talking to them. 

In the same survey I linked to last week (https://revcycleintelligence.com/news/36-of-providers-never-address-patient-financial-responsibility) is a little reported survey statistic. Only 23% of practices ALWAYS discuss payment with their patients. That means the remaining 77% sometimes or never discuss payment. That’s quite a risk.

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Topics: Credit Card On File, Financial Policy, Patient Balances, Patient Centered Practice, Patient Collections

One Call Collections for Past Due Balances

Posted by Jim Turner

Aug 1, 2017 9:37:00 AM

 Collecting past due balances just got easier. The old way of collecting was an intense amount of work. It looked something like this.

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Topics: Patient Collections, Patient Collections Culture, Past Due, Patient Payment Policies, Payments, Patient Balances, Patient Payments, Medical Billing Solutions, healthcare payments

[Webinar] How To Overcome Your Fear Of Asking For Payment

Posted by Jim Turner

Jun 6, 2017 8:43:00 AM

What can we learn from a professional who owned his own primary care practice, has managed over 50,000 patient experiences, and coaches physicians and staff members every day? That was our question when we first met James Riviezzo of Practice On Your Terms. 

We soon learned that James has a knack for explaining some of the most complex issues in very simple terms. Beyond that, he has a gift for building easy to follow systems that help practices solve nagging problems.  

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Topics: Patient Centered Practice, medical practice management, practice management, Patient Balances, Patient Collections

A Frustrated Administrators Story

Posted by Jim Turner

Apr 25, 2017 9:13:00 AM

Sometimes it's best for us to let our customers talk. In this case, one of our customers, Amy Rogers, administrator of Orthopaedics and Rheumatology of the North Shore had not one, but two publications ask her for her story. She implemented a mandatory Card-On-File program in 2015 - her results are worth noting! 

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Topics: Credit Card On File, Healthcare Reimbursements, healthcare payments, practice management, medical practice management, Patient Balances, Patient Centered Practice, Patient Collections

For You - A Free Financial Policy Template

Posted by Jim Turner

Apr 11, 2017 8:33:00 AM


You probably don't have time to review and rewrite your financial policy. If you did, you may not see the need, or worse, might not believe it would make any difference. Is there a way to be friendly and persuasive? Are there words to express the seriousness of going past due while remaining upbeat about the services you provide? Would it really be worth the time and effort?

 

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Topics: Patient Balances, Patient Collections, Patient Centered Practice, Patient Collections Culture, communication, Patient Payment Policies, medical practice management, practice management, healthcare payments

One Year to the Lowest A/R We’ve Ever Seen.

Posted by Jim Turner

Mar 7, 2017 9:17:00 AM

 

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Topics: healthcare payments, Patient Balances, Patient Collections, Patient Collections Culture, Patient Collections for Hospitals, Patient Payment Policies, Patient Payment Solutions, practice management, Medical Office Administration, Medical Billing Solutions, Medical Billers, Medical Billing, medical practice management

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