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Higher deductibles, larger copays, and more co-insurance mean patients are now responsible for a much bigger share of their care than they were even a few years ago (… if there is coverage at all).
What used to be collected from insurance is now sitting in your accounts receivable, waiting to be collected from your patients.
At times, health insurance can be both a blessing and a curse. If You are the Provider: Should you choose to accept insurance, chances are you have a steady stream of patients coming into your practice. At the same time, you may have agreed to accept lower reimbursements to join the pane Of course, you Read More
How effective is your process for collecting money upfront, at the time of service? Do you have to stop and think, or do you know your answer? If you do, congratulations! You belong to a select few who know the numbers of their business, including payments from patients. Unfortunately, many practices find it challenging to keep Read More
If you’re scratching your head wondering what I’m talking about, this article may not be for you. But if you see a flash of problems across your minds’ eye, read on… because this is for you! Headaches, obstacles, problems, challenges, opportunities… Whatever you call them, if you’ve been in practice for any length of time, Read More
The cost of health insurance is steadily increasing, yet we’re not getting our money’s worth! This seems to be true for consumers and providers alike. Consumers are paying more for insurance premiums, deductibles, co-insurance, and co-pays. Meanwhile, providers have to contend with shrinking reimbursement levels for services rendered. Any way you look at it… it Read More
It’s one thing to sell products and services to customers, and it’s another thing to get paid for them. Would you agree? And nowhere is this more apparent than in the medical office. Not only do you fight for reimbursement from some insurance carriers, but at times you also have to battle patients to pay Read More
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