How to Increase Family Practice Collections
Mar 5, 2022
As a family practice physician, you may be stuck when it comes to increasing your collections. With more collections, you can boost your practice’s profitability. Luckily, there are a few operational changes you can make to increase your family practice collections.
Here is an overview discussing how you can increase your family practice collections.
Increase Patient Visits
Increasing patient visits will help to increase family practice collections. To do this, alleviate the time spent on medical billing. This freed-up time can then be dedicated to taking on new patients. Seeing more patients in a day is the one true golden ticket to pulling in more revenue for your practice.
Streamline the Collections Process In-House
Streamlining your in-house medical billing process is another way to increase family practice collections. The collections process should be down to a science, ensuring the bills are timely and automated where possible. An excellent way to streamline your in-house collections process is to set up a swipe and hold feature which will allow for the automatic payment of future bills. This leads to higher profits and fewer headaches caused by trying to track down past due balances and other payments.
Hire an Outsourced Medical Billing Company
Working with an outsourced medical billing company can be a great way to increase family practice collections. This will give your practice access to medical billing staff with specialized training in family practice billing. This helps to ensure accuracy and efficiency during the billing process. At the end of the day, you’ll find that outsourcing your medical billing can lead to increased collections and decreased time in A/R for higher profitability.
If you are looking for a way to increase family practice collections, consider working with an outsourced medical billing company.
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