Practice Management Alert

Beware of the public relations affect no-show fees may have on your practice.These days every dollar and every minute counts. Your practice can't afford to lose time or money due to patients not showing up for appointments. But missed appointments happen. So how can your practice offset the cost? Start collecting a fee for no-show appointments, so your practice avoids a significant reimbursement loss. Follow these four expert tips to ensure you are implementing a solid plan that will offset your losses.1. Decide If a No-Show Fee Works for Your PracticeThe purpose of a no-show policy is to notify your patients of a possible financial penalty for failure to cancel a scheduled appointment. Missed appointments have an impact on the physician's schedule or the physician's availability to other patients, and can also pose a health risk to the patient.No show appointments cost the practice real dollars, experts say. But deciding [...]