Top 3 Patient Collection Strategies
                     Top 3 Patient Collection Strategies
Managing patient collections is one of the most dreaded tasks of any 
medical facility. Of course, most healthcare providers want to offer the 
best possible services to the patients, but that collection process 
becomes the biggest distraction. Yet, a patient collection is vital for any 
facility or practice or hospital to stay running to offer the best services 
and ensure they can improve the revenue. 
Though it may prove to be tedious to continue the practice, it is 
essential. Unfortunately, the patient collection is quite challenging and 
often results in revenue loss. For example, a study conducted by J.P. 
Morgan found that a healthcare provider fails to collect a balance of up 
to $1,000 in 30 days. 
It indicates that the uncollected payments affect the revenue and 
eventually affect the practice. 
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Top 3 Patient Collection Strategies
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Top 3 Patient Collection Strategies
1. Developing A Proactive Collection Strategy 
The most essential and first part of ensuring a proper patient collection is 
to have a proactive approach when developing the collection strategy. It 
is not a standalone practice. Instead, it is the cornerstone of developing 
the entire collection practice strategy that is connected to different 
actions and sensibilities. 
It requires involving the internal medical billing and coding team and 
admin staff who interact with the clients for the collection and the 
patients. 
2. Offering Multiple Payment Options 
As mentioned earlier, the proactive strategy needs to include different 
payment options. This indicates that the patients need to be made aware 
of different terms of payment methodologies. For instance, setting only 
one or two payment options and expecting the patients to adhere to 
those only, you are reducing the chances of getting paid. Instead, you 
should offer different payment options as a practice. 
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 Top 3 Patient Collection Strategies
3. Using Latest Technology
Consider every platform and technology options that can enhance 
patient payment. It is especially vital to use the latest technology when 
you have patients receiving partially or fully remote services. Every 
patient should be able to access a simple payment platform on the same 
dashboard where they consult and get the treatment. In addition, the 
implementation of client-faced software is vital. By offering a seamless, 
automated, and streamlined payment option to patients, you would not 
only facilitate better collection but also develop a long-term relationship 
with the patient based on trust. 
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 Top 3 Patient Collection Strategies
How To Implement These 3 Strategies?
One of the most comprehensive ways to optimize the collection from 
patients by implementing all these strategies is to outsource the 
collection to a trusted medical billing and coding company such as 24/7 
Medical Billing Services. 
A medical billing and collection agency like 24/7 Medical Billing 
Services has the technology and resources to optimize the collection 
procedure. They can help you in maximizing the payment collection with 
ease and swiftness while you can focus on taking care of the patients. 
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About Us
We are a medical billing company that offers ‘
24/7 Medical Billing Services’ and support physicians, hospitals, 
medical institutions and group practices with our end to end medical 
billing solutions. We help you earn more revenue with our quick and 
affordable services. Our customized Revenue Cycle Management 
(RCM) solutions allow physicians to attract additional revenue and 
reduce administrative burden or losses.
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Contact Us
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24/7 Medical Billing Services
Georgia
3001 Greenfield Drive, Marietta GA
 
Ohio
28405 Osborn Road, Cleveland, OH 4414030068
Texas
2028 E Ben White Blvd, #240-1030 Austin TX, 78741
Delaware
16192 Coastal Highway, Lewes, Delaware 19958, United States
Phone no / Fax :  +1 888-502-0537
                          Email us: [email protected]
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