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Patient Payments Blog

[Video] Eliminating Small Patient Balance Write-Offs

Posted by Easy Pay

Feb 16, 2016 9:00:00 AM

 Eliminating_small_patient_balance_write-offs.pngDid you know that small balances of $500 or less often make up the majority of patient bad debt? Well, it's true! And what's worse is that these balances cost more to collect than they're worth.

How can you reduce the smallest patient balances from adding up to a big problem? Watch this week's Tactical Tuesday video to find out!

You might remember from a couple weeks back when we talked about the small patient balances that make up overall patient bad debt. In case you missed it, here's the startingly statistic we shared:

Over_90_of_your_patients_with_uncollected_balances_under_500_were_willing_and_able_to_pay..png

According to McKinsey, the majority of your patients with small balances under $500 were willing able to pay them at the time of service. 

This week we dive a little deeper into this subject and give you easy to implement strategies to eliminate the small patient balance write-offs. Watch our Tactical Tuesday video below and then take the quiz that will help you determine if you are ready to tackle the patient balance challenge.

 
 
 
Download the Patient Collections Assessment 

Topics: Patient Balances, Tactical Tuesday Video Series

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