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Practice Management Alert

Improve Your A/R by Collecting Surgical Deductibles Up Front

Published on Fri Nov 20, 2009

Find out early on if the patient won't be able to pay your practice. With fewer patients following through on procedures because of economic and financial struggles, and an increasing number of patients not paying their bills, your practice needs to find ways to improve your A/R and bring in deserved money. Adapting an up-front deductible collection policy is one proven way to do both -- and setting up a policy can be as easy as 1-2-3. 1. Confirm the Deductible With the Payer Insurance verification services now make it possible for practices to find out if a patient has met his deductible yet. Some services can tell you how much of the deductible remains unpaid. Because this information is available online, your practice can get this information last-minute, the day of, the day before, or several days before the patient is scheduled to come in for a service or procedure. [...]
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