If you have a successful practice with a lot of patients then more than likely you have a few that do not pay their medical bills on time.
This means that you will have at least a few patients that have not paid their bills, whether it is due to forgetting, a bounced check or they just do not pay.
Spending your time trying to collect on unpaid debt can be a daunting task.
What’s worse, it takes you or your staff away from other important things to do running your practice, whether it means time away from seeing more patients, or your receptionist not answering the phone in a timely manner as she is busy trying to collect a debt.
The answer to your problem could be a medical bills collection agency.
Why use a medical collections company
A medical collection agency specializes in helping practices like yours collect money you are owed in a timely and efficient manner.
They will do all the work for you in most cases for a minimal fee.
The sad news is you must have steady cash-flow or you risk cutting back on staff or even closing your doors.
And if everyone one of your patients decided to wait to pay for a couple of months, you would not have the money to pay your utilities or to pay your employees and then you would end up in financial trouble.
And writing off uncollected AR, despite the tax break, hardly makes a difference to your bottom line.
Instead of worrying about uncollected bills, you can find a medical bills collection agency that will collect the money for you without you doing any work at all besides providing the company with the information.
In order to choose a medical bills collection agency, you should learn if they are licensed in your state.
Now, you should also ask a few more questions.
For example, learn about their collection process.
Next you will want to make sure they will act within the laws governing your state and you want to make sure that they can do the job of collecting tactfully as these are your patients and some may have legitimate reasons for not paying you on time.
Not everyone that is behind is out to not pay.
In some cases your patients may just be going through a rough patch due to being sick and missing work or other circumstances.
You should also learn if the medical bills collection agency will charge a commission and when the commission begins or if they charge a flat fee.
After you get these answers, you will be better prepared to choose the right medical bills collection agency for your business.
Find a medical collection agency today
To find a collections agency that specializes in medical practices like yours simply request a free services quote from qualified and reputable companies.
Click the link and compare free medical collection agency quotes today.
This way you can save time, money and aggravation by hiring a professional who can help you start collecting on your outstanding bills.
After all, you really have two choices:
- you can keep doing what you’re doing (expecting a different result), or
- you can hire an outside company that can help you collect the money you rightfully deserve.