Every medical practice suffers from one serious financial problem… uncollected and unpaid medical bills.
And unlike other types of businesses, you have a unique challenge balancing the need to get paid while maintaining your patient list.
So what can you do?
How to collect unpaid medical bills
If you are having a hard time collecting from your patients, keeping track of patient’s payments, and looking for a cost effective way for collecting payments, then you should check out medical collection services.
Trying to find time to spend on the collection aspect of your medical facility can be very difficult and time-consuming.
Well, research has shown that the longer you wait to start the collecting process the harder it is to actually get the money.
So it’s important to start the process early.
Even if you outsource your billing to another company, handling the collection process is best left to specialists. And that’s where medical collection services can save you time and help you collect unpaid debts.
Every company in the world has past due accounts that need attention.
In most cases using medical collection services is the best way to go, as it will allow you to perform the duties you are meant to do such as being a doctor and caring for your patients.
Not only does hiring medical collection services to perform this daunting help you but it will also allow your other office employees to perform the duties they were assigned instead of trying to collect unpaid debts.
For example, your office staff are not trained at helping you collect unpaid bills.
What’s more, in some cases your staff may actually sympathize with your patients who have fallen behind on their payments.
The time to look for medical collection services is when you have patients that are still making appointments and have not paid their previous bills.
You know you want to help your patients, but you need to be paid for your services.
After all, you have payroll and other overhead to take care of.
By contacting different medical collection services, you can ask a few questions to learn if they are the company best suited to your collection needs. For example:
- Do they guarantee collection
- Do they have a flat fee or charge a commission
- How does their payment plan work if they fail to collect unpaid bills
- What process do they use to collect the debt
Before you hire medical collection services ensure they are licensed in your state and that will work within the laws governing your state.
Find a medical billing collections company
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.
Or you can follow the link for our directory of collection agencies that can help you get set up for your State or Metro area.
Either way the choice is yours…