10 Proven Ways To Boost Patient Payments In 2022

10 Proven Ways to Boost Patient Payments In 2022

Do you want to lower the amount of money owing to you and the collection costs, as well as speed up patient payments?

When the healthcare sector evolves quickly across the globe during pandemic times, it's difficult to know how to successfully optimize your billing operations. And, with 2022 swiftly approaching, it's vital to stay current on new legislation, trends, and technologies that can help you increase patient payments and grow your business.

Here are

1. Maximize Your TeleHealth Revenue: TeleHealth, which was in high demand during the pandemic, has gained significant traction in the recent year. Remote treatment is valued for its convenience, simplicity, and time savings.

Now that telemedicine is here to stay, independent practitioners and billing companies must embrace new collection tactics in order to continue in business.To begin, you must use a HIPAA-compliant TeleHealth system. The sooner a practice installs a comprehensive system, the better it will secure patient privacy, track TeleHealth encounters, and assure correct invoicing for speedier payment.

2. Transition to Electronic Statements and Payments: Patients are growing more affluent. They want healthcare to have the same payment options as other bills. They expect prompt and accurate invoicing, courteous reminders, and simple online and easy patient payment alternatives.

Because patients have been known to switch healthcare providers based on payment experiences, practitioners must make the payment processes as simple as possible.

3. Adjust to a Constantly Evolving World: Because the industry is changing so quickly, it may be difficult to keep up with new requirements – or the technologies that can help you deal. Independent practitioners and billing agencies that wish to stay on top of patient payment collection should learn everything they can about Medical Billing Services.

4. Provide Patients with More Payment Options: According to ACA International, 29 percent of adults struggle to pay their bills. In the hopes of finding a solution, some doctors seek to accept other payment methods. There are, however, ways to increase patient collections without affecting your revenue cycle procedures significantly.

5. Collect Patient Insurance and Contact Information Before Appointments: When a patient calls to schedule an appointment, the front office staff should obtain current, complete information or offer the option of mailing or emailing it instead, or, in an ideal world, if you have a patient portal that allows you to obtain the information online. To make it easy for your staff to verify coverage and follow up with patients who have the necessary insurance and contact information, fields for collecting or updating this information should be present in your patient portal or online appointment tool.

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