Practice Management Alert

Don't let patients keep the money your doctors earned -- get proactive.As insurance companies threaten to pay you less and less for services, your practice may decide it just isn't worth participating with some payers. But if you continue to see patients with insurance you no longer par with, you may have to revise your collection practices to get the money you're owed.Here's why: When you are a non-participating provider with a payer, the patient directly receives the check from the insurance company. But some patients do not, then, use those funds to pay the bill your practice sends. Employ one -- or more -- of these strategies to ensure you're not letting hundreds, or even thousands, of dollars slip out the door.Collect Before the Patient Leaves Your OfficeIf you know in advance that a patient has an insurance that your practice doesn't participate with, then you know the payer will send the [...]