Still leaving money on the table? Sometimes the simplest changes can make the biggest difference. Reach your maximum income potential with three easy tactics to enhance and stabilize your medical practice revenue:
1. Offer Easy Ways to Pay
Ensure timely settlements and improved cash flow by providing patients with convenient payment options like online bill pay and pay by phone.
2. Get Help with Tough Patient Payments
Correctly processed claims lead to a healthy bottom line. Rely on trusted professional billing services like California Medical Billing to tackle challenging patient payments, especially with the rise of High Deductible Health Plans.
3. Optimize Clean Claims
The quicker a claim is processed, the better cash flow and financial stability… and the fewer bad debt possibilities. Partner with a medical billing provider to maximize clean claims rates, ensuring faster turnaround times and timely payments.
Here’s a bonus tip: invest in practice management software with an integrated patient portal to reduce no-shows, increase completed services, and boost your earnings.
Are You Collecting 95%?
Did you know that if your insurance collections rate is under 95%, you’re leaving money on the table every single month? Most billing companies don’t tell you this—but we will. That extra 5% matters more than you’d think.
$100,000 billed at 90% = $90,000
