Patient Payments Blog

Are you creating more work and added risk for your staff and the practices you serve? 

I’ve worked with billing and RCM companies who were unaware they could save many man-hours by streamlining the payments they accept from patients. I’ve also had many discussions over the years to find that both billing/RCM companies and practices engage in some very risky behavior when it comes to patient payments.

We hear about the patient balance challenge every day in our conversations with medical practices. Revenue cycle leaders are frustrated with constantly chasing patients for payments. They're struggling to collect even the smallest patient balance. 

This is the exact challenge that we try to solve every day at Easy Pay. We sat down with our own Nick Bennett, Head of Sales at Easy Pay, for a look into what medical practice leaders are saying about the patient balance challenge. 

With the changing landscape of the healthcare system, patient payment responsibility has been steadily on the rise. Deductibles are increasing at a rapid rate, leaving hospitals and private practices to reassess the way their revenue cycle works.

With a much larger portion of the yearly revenue collected directly from patients, it's imperative that the practice billing cycle prioritizes the patients' financial situation to best work within their means for prompt payment at or near the time of service.

It's time for a revenue cycle makeover.