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.
Don’t Be Fooled—Collect What’s Owed
Insurance companies don’t play around when it comes to denials—and neither should you. This April, take a closer look at your billing. If you’re seeing payment delays, denied claims, or unexplained write-offs, you might be getting fooled.
