Practice Management Alert

Payer Participation:

4 Tips Help You Successfully Collect for Services When Your Practice Does Not Participate

Hint: Collecting early is often the key.As payer contracts get more and more complicated and payment continues to dwindle, many practices are choosing to not participate, or become "non-par," with some or all payers. But non-par collections can be a losing proposition that is complicated and time consuming, if you don't implement a solid, consistent plan of action. Let our experts help you start off on the right track to ensure you bring in every non-par dollar your practice earns, without having to do a lot of extra work.1. Get the Patient to Sign a StatementWhen you don't participate with an insurance plan the patient is responsible for payment. You should clearly inform your patients of this, along with your financial and collections policies. Be proactive: You need to ensure that your patients know they are responsible for paying for services. Your should include this information in the financial policy you [...]
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