With the increasing prevalence of High Deductible Health Plans and other aggressive patient cost-sharing models, it has never been more important to the financial health of your practice to have an efficient patient pre-collections program in place.
With a typical Medical Billing company, their patient collection efforts only go as far as issuing statements and generating “bad debt” reports of accounts that need to be turned over to collections. When accounts reach this point, we have found that less than 50% of these balances are ever recovered.