Five Ways To Increase Your Radiology Practice Collections PPT
                     
FIVE WAYS TO INCREASE YOUR 
RADIOLOGY PRACTICE 
COLLECTIONS
 
SEVERAL FACTORS INFLUENCE YOUR RADIOLOGY PRACTICE COLLECTIONS 
AND IMPROPER MANAGEMENT OF COLLECTION MEASURES THAT MAY LEAD 
TO LOSS OF REVENUE OF YOUR IN-HOUSE PRACTICE. THEREFORE, IT 
BECOMES IMPORTANT TO EVALUATE YOUR RADIOLOGY A/R AND 
COLLECTIONS REGULARLY SO AS TO OBSERVE ANY GAPS IN YOUR 
COLLECTION STRATEGY.
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To improve your radiology practice 
collections, some key factors you need to 
take into account:
1. MAKE YOUR PATIENTS KNOW THEIR PAYMENT RESPONSIBILITY
FOR SMOOTH FLOW OF YOUR RADIOLOGY PRACTICE COLLECTIONS, IT IS IMPORTANT TO KEEP YOUR 
PATIENTS AWARE OF THE INSURANCE PROCESS AND THEIR RESPONSIBILITY TOWARDS INSURANCE 
PAYMENT. IN FACT, NOT EVERY INSURANCE WILL OFFER THE SAME COVERAGE TO PATIENTS. 
THEREFORE, IT IS SIGNIFICANTLY REQUIRED TO MAKE YOUR PATIENTS KNOW WHAT DIAGNOSIS AND 
TREATMENT THEIR INSURANCE WILL COVER AND WHAT NOT.
2. ENHANCE COLLECTIONS WITH LEVERAGING TECHNOLOGY
AUTOMATE ACCOUNTS RECEIVABLE WITH EFFECTIVE COLLECTION PAYMENT SYSTEM SOFTWARE 
WHICH HELPS YOU REDUCE FOLLOW-UPS AND KEEP COLLECTIONS UP-TO-DATE. THIS WILL NOT ONLY 
HELP YOU WITH REGULAR CASH FLOW BUT ALSO GIVES YOUR PATIENTS A POSITIVE IMPRESSION 
TOWARDS YOUR RADIOLOGY PRACTICE MANAGEMENT. USING HIGH-END TECHNOLOGY THROUGH 
SOFTWARE SENDS AUTOMATED REMINDERS TO PATIENTS FOR THEIR INSURANCE PAYMENT. 
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3. TRAIN YOUR STAFF TO INTERACT WITH PATIENTS REGARDING 
PAYMENTS
SOMETIMES, EMAILING THE BALANCE BILL AMOUNT TO PATIENTS APART FROM 
THE INSURANCE AMOUNT CLAIMED MAY NOT PLAY AN EFFECTIVE ROLE IN 
IMPROVING COLLECTIONS. TRAIN YOUR ACCOUNTS RECEIVABLE TEAM TO CALL 
UP EVERY PATIENT AFTER SENDING AN EMAIL ABOUT THEIR BALANCE BILL 
AMOUNT TO BE CLEARED AND EXPLAIN THE BREAK-UP. 
4. MANAGE YOUR DENIALS IN A BETTER WAY
CONTROLLING DENIALS OF PATIENT CLAIMS CAN IMPROVE YOUR COLLECTION 
PROCESS WAY BETTER AND FASTER THAN EVER. IN ORDER TO MAKE SURE THAT 
YOUR PATIENTS’ INSURANCE COVERAGE IS REIMBURSED ON TIME, YOU SHOULD 
HAVE A STRONG MEDICAL BILLING SYSTEM IN PLACE AND UP-TO-DATE 
INFORMATION ON CLAIMS SHOULD BE NOTIFIED TO YOUR PATIENTS ALONG WITH 
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MEDICAL BILLING AND CODING, IT IS POSSIBLE TO SPEED UP YOUR A/R 
COLLECTION PROCESS AS WELL.
5. CONCENTRATE ON STRATEGIC GROWTH PLANNING
A RADIOLOGY PRACTICE TO GROW HEIGHTS SHOULD BE ABLE TO IDENTIFY GROWTH 
OPPORTUNITIES AND MAXIMIZE THEIR PRACTICE’S VALUE. KEEP THE MARKET 
INFORMATION ALWAYS HANDY TO UNDERSTAND HOW UNIQUELY YOUR PRACTICE IS 
PERFORMING COMPARED TO OTHER RADIOLOGY PRACTICES. JUST STREAMLINING 
COLLECTIONS ALONE CANNOT MAKE YOU STAND OUT FROM YOUR COMPETITORS. 
                                                        CONCLUSION:
ALONG WITH THE CHANGING TECHNOLOGY, IT IS A GOOD DECISION IF YOU ARE ABLE TO 
ADAPT TO THAT TECHNOLOGY. IF CAPABILITY OF STAFF AND SIZE OF YOUR RADIOLOGY 
PRACTICE IS A MAJOR CONCERN, THEN THINK OF 
OUTSOURCING RADIOLOGY MEDICAL BILLING SERVICES TO A RENOWNED 
MEDICAL BILLING COMPANY THAT IS HIGHLY QUALIFIED TO HANDLE END-TO-END 
COLLECTION PROCESS AND REVENUE CYCLE MANAGEMENT FOR YOUR RADIOLOGY 
CENTER.
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About 24/7 Medical Billing Services
24/7 Medical Billing Services is the nation’s 
leading medical billing service provider catering services to more than 43 
specialties across the entire 50 states. You can rely on us for end-to-end 
revenue cycle management. We guarantee up to 10-20% increase in the 
revenue with cost reduction of your practice for up to 50%. 
 https://www.247medicalbillingservices.com                   [email protected]
CALL US TODAY :
Media Contact – 
24/7 Medical Billing Services,
28405 Osborn Road,
 Cleveland, OH, 44140
Tel: + 1 -888-502-0537
Email: [email protected]
Website: https://www.247medicalbillingservices.com/
 https://www.247medicalbillingservices.com                   [email protected]