Managing Patient Balances in an Independent Practice

Revenue Cycle Management for Practice Managers

As a medical practice manager, you wear many hats. Not only are you responsible for managing all of the people in the practice, you manage
the technology and practice operations.

You’re also the manager of the practice’s life blood: cash flow. And now that up to 30% of the average practice’s revenue comes from patient balances,
your job is more difficult than ever.

Healthcare Cash Management for Practice Managers

Instead of spending time, money, and resources on invoices that go ignored 60% of the time, our healthcare cash management program offers practices the ability to predict what patients will owe over and above their co-pay at the time of service, and set up a payment plan that works for both the patient and the practice.

Like many other service companies in America, your practice will simply ask to keep the patient’s credit card information on file in a HIPAA and PCI compliant secured data vault. At the time of treatment, your staff will use our proprietary patient cost calculator to determine how much the patient will owe. The patient can then decide if they would like to pay the full balance using the card on file, or set up a payment plan. Read more about ways to help improve patient payments.

Want to learn more? View our case study, which shows how one practice saved over $70,000 per year, increased revenue, and bolstered patient satisfaction!