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Patient Payments Blog

3 Reasons You Should Be Using eStatements

Posted by Jim Turner

Mar 21, 2017 9:27:00 AM

The quest for a paperless office is not complete without eStatements. If your practice is looking for ways to reduce paperwork, increase efficiency, find patient friendly options, and simply get paid faster, then you should look into eStatements.

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Topics: invoicing, Patient Payment Solutions, Medical Billing, Medical Billing Solutions, Patient Statements

LESS might be MORE. Lower Rates on Payment Processing Might Cost You.

Posted by Jim Turner

Sep 13, 2016 8:15:00 AM


Did you get a call this week from a payment processor offering you lower rates for credit card processing? My guess is that you did, maybe two or three calls. You might not have taken those calls but they came nevertheless.

I'm also guessing that the representatives that called you had no idea what unique challenges you face in collecting patient payments. They were hoping to get a quick response to their never ending promises of lower rates. After all, processing is all the same, right? Assuming that every company or bank that processes credit card payments is the same could end up costing you thousands annually.

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Topics: practice management, Patient Balances, Patient Payments, Patient Statements, Patient Collections

6 Positive Changes Your Practice Could Start Today!

Posted by Jim Turner

Sep 1, 2016 9:00:00 AM

 

We've talked about change the last few weeks with the hope that we’ve convinced a few of you to attempt it. Change is almost never easy. Change requires us to change, to become or do something we have been perfectly comfortable not to be or do. The particular change we’ve been encouraging is for practices to take a more energetic approach toward their patients payment habits. The idea is that if we expect our patients to change their habits we will have to change ours. 

The root change we are referring is implementing a mandatory card-on-file for every patient. It might sound like the kind of massive change that will upset patients, office staff, and physicians alike. But if you’ve been following our blog the last few weeks you’ve been introduced to a practice that has successfully implemented this change with great results.

Whenever I hear of a practice successfully making a fundamental change like this I wonder how the change changed them. So I asked them, and here is their response. (Quotes are exactly as communicated to us by the practice manager)

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Topics: practice management, Patient Balances, Patient Payments, Patient Relations, Patient Statements, Patient Collections, Patient Centered Practice

These Numbers Aren't Lying.

Posted by Jim Turner

Aug 18, 2016 10:00:00 AM

People might lie about numbers but numbers don’t lie. When more dollars are collected from the same patient population then something good must be happening. That is the case with the practice we’ve been discussing the last few weeks.

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Topics: Patient Collections, Patient Payments, Patient Statements, practice management

4.5 Months…25% Receivables Reduction…With These Policy Changes.

Posted by Jim Turner

Aug 9, 2016 8:30:00 AM

We’ve spent the last three posts introducing the practice that has achieved remarkable A/R reduction results with a few simple policy changes and the consistent application of them. A 25% receivables reduction in four and one half months sounds unreal - maybe even in the realm of marketing hyperbole. It’s not. In the posts to come we will show you the numbers and graphs this practice shared with us.

“That’s fine for them”, you might say “but their practice is nothing like ours”. “We’ve tried everything but never got that kind of results” is a common dismay I hear from practice managers and doctors. I tell them then that I don’t believe they’ve tried everything.  If you will make the changes this practice did and apply them consistently without exception you will have similar results.

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Topics: Patient Balances, Patient Payments, Patient Collections, Patient Statements, Medical Billing, medical practice management, healthcare payments, practice management

3 SpoOoOoky Reasons Patient Statements Are Scaring Away Your Patients

Posted by Easy Pay

Oct 29, 2015 10:00:00 AM

It was a dark and stormy night... The rain fell in torrents... 

You walk out of your front door, down a dark sidewalk, sheilding yourself from the rain as you rush to your mailbox. A wolf howls somewhere in the distance. A black cat stops in front of you, hisses, and runs off. You hear ghouls... goblins... ghosts... And then, the scariest part...

You open your mailbox to find an envelope with PAST DUE written in blood red ink.

AHHHHHHHHHHHHHH!

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Topics: patient retention, Patient Statements

Paper Patient Statements Are So 1999: 3 Ways To Eliminate Them For Good

Posted by Easy Pay

Jun 11, 2015 10:00:00 AM

Patients are having a harder time paying their medical bills thanks to the increase in high deductible plans. That translates to practices and hospitals having a harder time collecting patient payments.

Outdated tactics like sending paper patient statements are ineffective and need to be abolished--for good. The new healthcare consumer is looking for more streamlined, convenient ways to pay. It's time you give it to them. 

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Topics: Patient Statements, Credit Card On File

8 Questions To Diagnose The State of Your Patient Payments

Posted by Easy Pay

Jan 6, 2015 10:00:00 AM

January is a good time for reflection. Out with the old and in with the new. At your practice, there are a number of things to reflect on: patient care, office policies, patient statements, revenue cycle management, or a host of other things that worry you every day.

If revenue cycle management is something that troubled you in 2014, then it’s time to find a solution for 2015. Don't waste any more of your time on patient collections that yield little to no results. 

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Topics: Patient Balances, Patient Statements, Credit Card On File, Patient Payment Solutions

The End of the Patient Statement

Posted by Easy Pay

Dec 2, 2014 10:00:00 AM


For decades, medical practices have relied upon patient statements to collect receivables.  However, patient statements have become increasingly ineffective as more people transition to electronic billing and payments.  In response to this shift, medical practices must adopt other, more effective ways of collecting money from patients.  These improved collection methods make the end of the patient statement the beginning of increased cash flow. 

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Topics: Patient Statements

Two Amazingly EASY Patient Payment Solutions To Increase Revenue

Posted by Easy Pay

Nov 17, 2014 7:00:00 AM

Higher deductible health insurance plans are nobody’s friend.

They have resulted in complications for patients, physicians, practices, hospitals, and everyone in between. These plans are confusing and often leave everyone guessing at what a patient owes.

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Topics: healthcare payments, Patient Statements, Credit Card On File

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